Retirable, the first-of-its-kind holistic retirement solution with continuing advisor care, today announced new retirement income and investing products to complement its advisory and planning services.
Retirable is designed for the 50 million Americans approaching retirement without a formal retirement plan over the next decade. It provides ongoing management from a dedicated fiduciary advisor to help clients spend retirement income efficiently, save for the long term, and navigate key decisions throughout retirement.
Retirable has also announced a $6 million funding round led by Primary, with participation from Vestigo Ventures, Diagram, Portage, and Primetime. Retirable has raised a total of $10.7 million to date.
Tyler End, Ian Yamey, and Brian Ramirez founded Retirable in 2019 to provide products and services for retirement investment, planning, and spending. Its income service helps customers in accumulating retirement savings by receiving monthly direct wages linked with the amount needed to maintain their lifestyle. Clients receive tailored investment portfolios that blend short-term income with long-term gain, in addition to a dedicated advisor. The company divides an individual’s assets into three categories: cash, stability, and growth.
Retirable intends to use the money raised in its newest round of fundraising to expand its adviser staff and deepen its ties with Medicare agents, as well as to develop new services for clients, including its beta debit card.