Voya and SAVVI Financial Launch New Personalized Retirement Income Guidance Tool

New solution provides participants with clearer, more actionable income strategies as they approach and enter retirement

WINDSOR, Conn. & WALTHAM, Mass.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) announced today, in collaboration with SAVVI Financial, the launch of a next-generation retirement income guidance tool designed to provide plan participants with personalized, actionable guidance as they approach and enter retirement. The new experience will roll out to eligible Voya participants over the coming weeks at no additional cost.

The retirement income guidance tool combines Voya’s decades of workplace savings experience with SAVVI’s advanced optimization engine to deliver personalized, actionable insights. While some retirement tools may offer broad estimates based on limited inputs, this new solution incorporates a wide range of real-world financial factors–including taxes, health insurance, Social Security, pensions, and withdrawal timing–to provide a detailed view of what participants can expect in retirement and the steps they can take to improve outcomes.

“We’re advancing Voya’s commitment to meet individuals wherever they are on their retirement journey to help them increase their financial confidence,” said Laurie Lombardo, senior vice president and head of Retirement Product at Voya Financial. “Our solution delivers personalized, actionable guidance—intended to help our participants make informed decisions that support their financial well-being, not only as they prepare for retirement, but throughout every stage of it.”

The new guidance experience is designed to change that by helping participants provide:

• Retirement Income Estimates: Visualized expected earnings based on account types, savings, and market assumptions.
  
  
• Personalized Calculation: Shows participants their estimated “pay” in retirement and how it adjusts over time.
  
  
• Withdrawal Optimization: Tailored withdrawal strategies with guidance on the most tax-efficient sources to withdraw from each year to optimize income, including the timing of Social Security and pension elections.
  
  
• Multi-Factor Analysis: Incorporates complex, real-world inputs such as multiple income streams and varying retirement ages.
  
  
• “Next Best” Action Guidance: Receive tailored guidance to help improve retirement readiness.

“Retirement platforms may leave people wondering what to do when it’s time to turn savings into income,” said Chris Moran, head of Partnerships and Relationship Management at SAVVI Financial. “This participant tool changes that by meeting people where they are–helping them see what their financial future could look like, and giving them clear, personalized steps to help them get there. It takes the guesswork out of one of life’s biggest transitions.”

For many retirees and near-retirees, advice of this depth was historically available only through specialized financial planning services. The retirement income guidance tool aims to democratize access to this level of insight, helping more participants make confident, informed decisions.

Voya Financial and its affiliated companies (collectively, “Voya”) is making available the Retirement Income Tool offered by SAVVI Financial LLC. (“SAVVI”). Voya has a financial ownership interest in SAVVI, including representation on SAVVI’s board of directors, and also maintains business relationships with SAVVI that create an incentive for Voya to promote SAVVI’s products and services and for SAVVI to promote Voya’s products and services. Please access and read SAVVI’s Firm Brochure which is available at this link: https://www.savvifi.com/legal/form-adv. It contains general information about SAVVI’s business, including conflicts of interest.

IMPORTANT: The projections or other outputs of the Retirement Income Tool regarding the likelihood of various investment outcomes are hypothetical in nature. They do not reflect actual investment results and are not guarantees of future results.

Voya Financial and its affiliated companies (collectively, "Voya") are making available to you the Personalized Enrollment Guidance tool offered by SAVVI Financial LLC. ("SAVVI"). Voya has a financial ownership interest in SAVVI, including representation on SAVVI’s board of directors, and also maintains business relationships with SAVVI that create an incentive for Voya to promote SAVVI's products and services and for SAVVI to promote Voya's products and services. Please access and read SAVVI's Firm Brochure which is available at this link: https://www.savvifi.com/legal/form-adv. It contains general information about SAVVI's business, including conflicts of interest.

Products and services offered through the Voya® family of companies.

About Voya Financial^®

Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for approximately 15.7 million individual, workplace and institutional clients. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.

About SAVVI

SAVVI Financial is redefining how employees navigate their most important financial choices. By delivering expert-level personalized guidance, SAVVI helps employees optimize their full financial journey, from early benefit decisions to creating a reliable paycheck in retirement, driving better outcomes for both employees and employers. Integrated with HR stacks, our solutions reduce admin work, lower costs, and boost employee experience.

Founded by experts in quantitative finance and data science, SAVVI was built with the understanding that the path to financial strength starts, and grows, through the workplace. Learn more at www.savvifi.com, LinkedIn, Facebook, and X.

SAVVI provides survey-less, personalized financial guidance and healthcare navigation tools that simplify benefits decisions for employees. By eliminating friction and delivering real-time, data-driven recommendations, SAVVI helps organizations improve employee financial fortitude while driving meaningful business results.

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