How Votaire Works

Votaire’s proprietary algorithms are built around real data specific to each participant, not on averages or rules of thumb. Here’s how it works:

• Retirement income sources like Social Security, pensions, or annuities are examined and projected.
• Taxes, healthcare costs, goals, and other expenses are calculated down to the zip code level.
• Each participant’s “pot of money” is spread out over his/her lifetime to accommodate expenses and maintain their standard of living while minimizing the chance of running out of money.
• Monte Carlo simulations “stress-test” portfolio allocations under various scenarios before a simple retirement forecast is returned to the user.
• Participants are able to bring in outside assets to be tracked on a daily basis. In this way, Votaire is responsive to market returns and spending behavior.
• Participants can also get help with issues like budgeting, debt management, investing, life insurance and estate planning.

As more companies have shifted from defined benefit to defined contribution plans, employees increasingly need a way to improve financial wellness. Votaire does just that.

Please contact Conor McGuinness at conor.mcguinness@nyhart.com if you are interested in learning more.