Utilizes a ML model for predicting current state of the market at a macro level and the general dynamics to predict future states.
Takes into account your personal preferences for investment and other information, such as:
(a) Current State
- Current retirment funds
- How much do you currently have in your 401k and/or IRA?
- Personal amount of contribution
- How much are you contributing yourself?
- Matching from Employer
- How much does your current employer provide in-terms of matching?
(b) Future State
- Risk level
- Would you prefer safer investments with steady long-term yield or relatively higher-risk but greater return?
- Preferred final retirement amount
- How much money do you require for retirement?
- Preferred age to retire
- What is the preferred age for when you would like to retire based on contributions and cash out your IRA/401k?
** NOTE: This has the option to assess risk level for you, if you choose to do so. It will take into account a variety of factors with information you provide, such as age, other personal/general financial attributes, likelihood for overall contribution to change (changing jobs), potential lapses in employment and ability to contribute.
** NOTE: Degrees of freedom for each of these of variables + interaction amongst them will depend on the overarching decision of IRA vs 401k contribution. It will take into consideration a combined approach as well.