Personalized Retirement Planning Service Overview

This document is a guide that outlines the Morningstar Retirement Manager service, which is designed to assist individuals in creating a personalized savings and investment strategy for retirement. The service is intended for citizens or legal residents of the United States and provides two options: professional management of the retirement plan or manual management by the individual. The guide details the features and benefits of each option, including professional oversight, ongoing account monitoring, and personalized asset allocation strategies. It also describes a three-step process for obtaining personalized retirement recommendations, which includes confirming information, reviewing the strategy, and finalizing the account setup. The document emphasizes the importance of tailoring retirement plans to individual goals and circumstances, and it provides information on the costs associated with the service, including a quarterly fee for professional management. Overall, the guide serves as a comprehensive resource for individuals seeking to enhance their retirement planning.