These features available at Principal.com are designed to help equip you to better forecast your Retirement needs and track your savings goals.
Profile Options
Subscriptions and Delivery Preferences:
- Account Services: Customize whether you want mailed or emailed statements, notices, and regulatory information (tax forms, etc.)
- News & Information: Customize what types of information you want Principal sending you on a regular basis
External Accounts
This is a new feature Principal added so participants can link their Principal 403(b)(9) account to their other Retirement accounts. To find out More click on External Accounts from the Planning Resources drop down menu options.
Retirement Planning Menu Options
Retirement Wellness Planner
- A calculator tool that allows you to estimate how much monthly income you'll need at retirement, how much monthly income you'll have (based on your current saving patterns), and how much you may be short
- It calculates a Retirement Readiness Score (ranked on a scale of 1-100, and a color scale of Red, Yellow, and Green) to help you see how financially prepared you are for retirement
My Virtual Coach
An interactive assistant that walks through your retirement account and gives you feedback and action items:
- Asks about life changes and gives suggestions for steps you may want to take (like updating beneficiaries when you have a baby, get married, etc.)
- Reviews your Retirement Readiness Score based on your account balance, contribution rate, estimated social security benefits, etc.
- Gives immediate next steps like reviewing the Retirement Wellness Planner
- Action items are saved under the menu option: Retirement Planning - Action items to review and check off as you complete them
Education Hub
- Sign up for Monthly Webinars https://www.principal.com/learnnow: Gain education and insight from retirement professionals to help make more informed decisions on topics like budgeting, retirement income, or Social Security
- Access articles on Retirement Planning, Managing Money, Life Event Planning
- Set your Retirement Countdown
