Nationwide Financial Services has made it easier for investors to assess whether they are prepared for retirement with its RetireAbility Check. The free tool, available on Nationwide’s website, allows users to generate a single number, their R-score, to measure their retirement readiness. RetireAbility Check is simple and anonymous and can be completed in less than eight minutes. Users are guided through the process and answer questions, while also receiving factoids and tips on how to improve their score. The score represents how prepared users are to meet their retirement needs. A score of 56 would mean an investor is on track to have 56% of what they need to maintain their current standard of living if they retire at age 65. Nationwide research shows nearly half of Americans go online to search for financial planning resources and information, yet 44 % believe financial service providers are missing the mark on ease and use of content.
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