The Employee Benefits Research Institute has joined the smartphone application frenzy with an app of its own. The Ballpark E$timate iPhone App is designed to help Americans save for their retirement.
Available online at www.choosetosave.org/ballpark/, the Ballpark E$timate has helped millions of Americans quickly identify how much they need to save to fund a comfortable retirement. Provided by the Choose to Save financial education program, the online took takes complicated issues, like projecting Social Security benefits and earnings assumptions on savings, and turns them into language and mathematics that are easy to understand.
Release of the iPhone app stems from findings by the EBRI 2012 Retirement Confidence Survey that the use of technology, such as smart phones and computer tablets, is far more prevalent among younger workers than older workers and that the use of mobile devices to help manage finances is still relatively new.
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