NEW YORK--(BUSINESS WIRE)--Kindur has officially launched its suite of services available directly to consumers, focused on those entering and actively planning their retirement. The new offering brings together traditionally siloed needs, such as healthcare planning, insurance and investments, into one easy-to-use digital platform.
“We are incredibly excited to empower retirees to seize modern retirement with confidence by knowing how much they can spend each month through our signature retirement paycheck,” said Rhian Horgan, Kindur founder and CEO. “This journey started when I watched my own parents and the millions of baby boomers just like them struggle to navigate retirement planning—and it became crystal clear that it was time to rebuild the system from the ground up.”
More than 17 million baby boomers have successfully saved for retirement, but the decumulation phase which today often spans several decades is incredibly complex, requiring individual consumers to make several high-consequence decisions about their financial resources.
By leveraging Kindur’s intuitive digital-first platform, customers know exactly where their assets are allocated, and critically, how much they have to spend in a given month. Kindur offers a simple annuity product to supplement Social Security and provide customers with guaranteed income. Low-cost ETFs offer the potential to consolidate accounts and plan for discretionary spending. Portfolios are designed specifically for decumulation, factoring in the customer’s retirement income as part of the personalized glide path.
The shift from pensions to 401(k)s has put the burden of managing retirement squarely on the consumer, requiring them to often DIY a retirement plan and determine how much they will need for long-term healthcare costs, when to collect Social Security and how to ensure a spouse or partner will be protected over the long-term.
These decisions impact financial wellbeing and in many cases are difficult to reverse. Kindur creates a personalized retirement roadmap that enables customers to make these decisions with confidence and enjoy retirement without the fear of outliving their resources.
Kindur most recently announced a successful Series A round, raising over $10MM from investors including Anthemis, Point72 Ventures, Clocktower, Inspired Capital Partners, and angel investors including Jake Gibson, co-founder of NerdWallet, and James Walker, former Global Head of Investments at JP Morgan Wealth Management. The digital retirement planning service is available to customers in all 50 U.S. states.
“Many Americans who have worked tirelessly to save throughout their careers see retirement as the finish line, not realizing how much planning is required once retirement begins. Today there are millions of baby boomers already in or just entering retirement with significant assets to last them for several decades — if properly managed. Fortunately, this big “IF” is a solvable question, but will require existing and new companies to innovate and engage consumers in a fresh way," said Alexa von Tobel, Founder and Managing Partner of Inspired Capital.
To start planning your modern retirement, please visit www.kindur.com.
Kindur is a new-kind of retirement company that empowers baby boomers to embrace modern retirement. Grounded in decades of experience leading financial and tech initiatives at major banks and start-ups, Kindur provides straightforward digital advice and retirement tools to a rapidly growing population of retirees. By making sense of savings, insurance, Social Security and healthcare costs, users can focus on enjoying a hard-earned retirement with confidence. Kindur is headquartered in New York City. For additional information, please visit www.kindur.com.