SANTA BARBARA, CA--(Marketwire -04/24/12)- For Baby Boomers concerned about dwindling retirement funds, a new service from My New Financial Advisor (MNFA) provides comprehensive financial analysis and advice at no cost. The service is based on the premise that all Baby Boomers -- regardless of their net-worth -- should have access to the same tools and resources as the very wealthy to help restore their retirements.
Free Financial Healthcare
"Boomers need answers, especially in this economic environment, but most truly comprehensive retirement analysis are predicated on paying thousands of dollars or opening an investment account with substantial assets," says Frank Troise, founder of MNFA and frequent CNBC commentator on retirement issues. "Our mission is in matching the abundance of financial resources available today with every Baby Boomer nationwide without any cost."
To ensure the highest quality service and analysis, MNFA has assembled a nation-wide team of financial professionals to support the program. eMoney Advisor, a cloud-based provider of financial planning technology for over 15,000 financial professionals and services firms, provides the technology for processing the reports.
"We feel strongly about Americans saving enough for retirement and understanding the current financial truth," says Edmond Walters, CEO and Founder of eMoney Advisor. "By providing MyNewFinancialAdvisor.com the engine to produce their analysis for FreeRetirementReport.com, we are helping people to see how they stand, what they can improve and how to seek the advice they may need."
Why Baby Boomers Need Help:
- Over 10,000 will retire every day for the next 18 years
- 97% have not saved enough for their retirement
- Only 2% have enough money for retirement
- 58% have not calculated their retirement needs
- 33% of those qualified rely almost entirely on Social Security
To get started, a questionnaire is secured by visiting FreeRetirementReport.com: http://freeretirementreport.com/. The brief 3 - 5 minute questionnaire is available on any PC or mobile device. Once processed via eMoney's technology engine, the report is reviewed by a financial professional who ensures the three key variables: 1) Income, 2) Expenses, and 3) Investments are thoroughly addressed, before the report is sent to the Baby Boomer.
A Win-Win for Boomers and Advisors
Baby Boomers interested in meeting with a financial advisor following their analysis can opt-in to be contacted by a local registered financial advisor/planner. MNFA's partner network of successful financial professionals across the nation will add depth and assistance to free report subscribers.
"It's a turn-key solution for Baby Boomers who want the benefit of having an advisor walk them through the options detailed in the report," says Troise. "Ideally we'd like to connect the nation's 70 million Baby Boomers and 6 million financial advisors, but this is completely optional and there is no obligation to purchase any of their services."
"Most people spend more time planning for their vacation than they do for their retirement," says Mark S. Singer CFP®, president, Safe Harbor Retirement Planning. "Because of this lack of planning, many Baby Boomers do not know what they need to do to retire. By making available FreeRetirementReport.com, it will empower thousands of baby boomers to know exactly what they will need to do to be on track to retire successfully. "
FreeRetirementReport.com is the first of a series of free reports that MNFA will be providing to Baby Boomers nationwide. "We are extraordinarily excited about reception from the financial community to our first deliverable for the Baby Boomer in FreeRetirementReport.com," concluded Troise.
FreeRetirementReport.com's retirement report is FINRA compliant meeting all professional requirements. For more information, visit: http://freeretirementreport.com/.
To view Frank Troise on CNBC: http://video.cnbc.com/gallery/?video=3000085875&play=1
About My New Financial Advisor:
My New Financial Advisor is a network dedicated to meeting the needs of today's Baby Boomer by providing them what they need: Free Financial Healthcare. Its free retirement report platform gives Baby Boomers the same high quality analysis available to ultra-high-net-worth individuals. Its innovative turn-key solution for financial advisors combines proven financial analysis tools, online and call-based marketing technology and performance based marketing techniques to connect Baby Boomers and financial advisors immediately on a massive scale. Visit www.mynewfinancialadvisor.com for more company information.