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Industry Landscape
The Fintech Retirement Planning industry is experiencing robust growth, driven by an aging population seeking digital solutions for complex financial needs. Innovations in AI, personalized coaching, and comprehensive planning tools are setting new standards. The industry is also seeing increased demand for transparent, accessible, and affordable financial advice, moving beyond traditional advisory models.
Total Assets Under Management (AUM)
Assets Under Management (AUM) in United States
~Not directly applicable for NewRetirement.com's software model, as it primarily offers tools for users to manage their own assets rather than directly managing AUM. However, the market size can be inferred by the number of individuals planning for retirement.
(15-20% CAGR)
- Digital adoption is increasing among older demographics.
- Demand for holistic financial planning is rising.
- Regulatory support for digital financial services is growing.
Total Addressable Market
30 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Personalized Financial Coaching
Generative AI can create highly personalized financial advice, scenario analyses, and educational content tailored to individual user needs and 'what-if' questions in real-time.
Open Banking APIs and Data Aggregation
Enhanced Open Banking APIs allow for more seamless and comprehensive data aggregation from diverse financial institutions, providing a truly holistic view of a user's financial landscape.
Blockchain for Secure Record Keeping
Blockchain technology can provide immutable and highly secure record-keeping for financial transactions, assets, and estate planning documents, increasing trust and transparency.
Impactful Policy Frameworks
SECURE Act 2.0 (2022)
The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0, enacted in December 2022, builds upon the original SECURE Act, introducing numerous provisions aimed at increasing retirement savings, such as raising the RMD age, facilitating automatic enrollment in 401(k)s, and allowing for Roth 401(k) employer contributions.
This policy directly impacts NewRetirement.com by changing retirement account rules and contribution limits, requiring updates to its planning software and advice features.
Fiduciary Rule (various iterations, e.g., DOL Fiduciary Rule 2016/2021 amendments)
While not a single 'latest' policy, ongoing debates and amendments around the Fiduciary Rule (e.g., Department of Labor's 2016 rule, later rescinded and replaced with less stringent interpretations) aim to ensure that financial advisors act in their clients' best interest when providing retirement advice.
This rule impacts NewRetirement.com's advisory services, ensuring their CERTIFIED FINANCIAL PLANNER™ professionals adhere to the highest standards of client care and transparency.
State-level Data Privacy Regulations (e.g., CCPA, Virginia CDPA)
Various state-level data privacy regulations, such as the California Consumer Privacy Act (CCPA) and Virginia Consumer Data Protection Act (CDPA), enacted in recent years, govern how companies collect, process, and share consumer personal data, granting consumers more control over their information.
These regulations necessitate robust data security and privacy protocols for NewRetirement.com, impacting data handling, consent mechanisms, and user trust.
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