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Retirable and Carefull Partner To Protect Retirees Against Financial Fraud

Our new partnership ensures that every Retirable client will now have access to $1 million in identity theft insurance. By adding this key benefit to our existing retirement planning, investing and spending solutions, we’re taking a big step forward in our mission to empower a confident, worry-free retirement for everyone.

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R. Tyler End, CFP®

Published December 19th, 2023

As financial crimes and fraud continue to evolve in complexity and scale, retirees often find themselves uniquely susceptible to various forms of fraud like identity theft, deceptive financial scams, weaponized artificial intelligence, and phishing schemes. These malicious acts not only jeopardize the hard-earned savings and assets of retirees but also pose significant challenges to their overall financial stability and peace of mind during their golden years.

Throughout my career as a Certified Financial Planner (CFP®), I’ve seen individuals work tirelessly to accumulate savings for retirement only to see these decades of hard work undermined by improper decumulation of assets, fraud, or cognitive decline.

Aging adults face unique challenges when it comes to safeguarding themselves from scams. They are often targeted at a higher rate because scammers assume they have a stash of retirement savings, are more trusting and are vulnerable due to a decline in physical and mental health.

Adults 60 and older lose an estimated $28.3 billion every year to elder financial exploitation, according to a report by AARP and NORC at the University of Chicago.

Recognizing the pressing need to protect the financial well-being of retirees and provide them with the necessary tools to safeguard against fraudulent activities, Retirable is proud to partner with Carefull, the leading financial protection service built to defend your savings, credit, identity, passwords and documents.

This new partnership ensures that every Retirable client will now have access to $1 million in identity theft insurance. By adding this key benefit to our existing retirement planning, investing and spending solutions, we’re taking a big step forward in our mission to empower a confident, worry-free retirement for everyone.

At Retirable, we believe that every retiree deserves to live their best possible retirement. I’m thrilled to partner with the team at Carefull to offer our clients the best possible protection for that dream, including:

  • 24/7 financial monitoring and real-time alerts of possible scams, fraud, misuse of funds, and common money mistakes, such as duplicate payments or unintended charitable donations
  • A full suite of identity and credit monitoring tools
  • $1 million in identity theft insurance — along with real human assistance, white-glove credit freezing, lost wallet assistance, and the ability to block spam calls.
  • An encrypted vault to protect and store your passwords, documents, and contacts
  • A trusted contacts system to share need-to-know financial information with those you trust, for more secure and safe coordination Home title monitoring, address change fraud monitoring, and home document security

I’m honored to bring this great benefit to our clients to help protect the future they’ve worked so hard to envision. Alongside expert financial planning and wealth management, reliable retirement income, high-yield emergency savings and the guidance of your dedicated Retirable advisor, we’re proud to now protect our clients with Carefull’s safe money monitoring and $1 million in identity theft insurance.

About Retirable

Retirable, the first-of-its-kind holistic retirement solution with the ongoing care of an advisor, offers products and services across the retirement investing, planning and spending spectrum. Retirable was founded by industry veterans to empower a worry-free retirement for everyone. By opening access to financial guidance for retirement, Retirable gives its clients greater confidence and control when they need it most. Headquartered in NYC and founded in 2019 by Tyler End and Ian Yamey, Retirable is backed by Primary, Diagram, Vestigo Ventures, Portage and Primetime Partners. To learn more about partnering with Retirable, email us at [email protected].

About Carefull

Carefull is the financial ecosystem's first Protect-Retain-Transfer (PRT) provider: a tech solution for financial institutions and wealth advisors to protect customers aged 55+ from financial threats, retain assets and deposits for longer, and bridge to the next generation ahead of wealth transfer. Founded in 2019, Carefull's AI-powered platform actively scans all customer account types for over 50 financial and behavioral issues unique to aging by detecting unusual activity, suspicious patterns, and even bigger problems like financial exploitation by a loved one or signs of cognitive decline. Carefull was built from the ground up to serve both aging adults and financial caregivers and is currently being used across banks, credit unions, wealth advisors and insurers. For more information, please visit https://getcarefull.com/.


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R. Tyler End, CFP®
R. Tyler End, CFP®

CEO and co-founder of Retirable.

As a retirement income specialist at Northwestern Mutual, Tyler worked hands-on to help people define their goals, achieve financial independence, and enter retirement with peace of mind. Later, at Policygenius, Tyler expanded the company’s reach into new products, turning Policygenius into an industry-leading distributor of disability and P&C insurance. Tyler’s efforts helped more than 10,000 people find the insurance they needed.

Retirable combines Tyler’s passion for retirement planning with his experience growing scalable businesses, with the goal of giving every American personalized advice.

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R. Tyler End, CFP®
R. Tyler End, CFP®

CEO and co-founder of Retirable.

As a retirement income specialist at Northwestern Mutual, Tyler worked hands-on to help people define their goals, achieve financial independence, and enter retirement with peace of mind. Later, at Policygenius, Tyler expanded the company’s reach into new products, turning Policygenius into an industry-leading distributor of disability and P&C insurance. Tyler’s efforts helped more than 10,000 people find the insurance they needed.

Retirable combines Tyler’s passion for retirement planning with his experience growing scalable businesses, with the goal of giving every American personalized advice.

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Still have questions about how to properly plan for retirement? Speak with a licensed fiduciary for free.

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Free Retirement Consultation

Still have questions about how to properly plan for retirement? Speak with a licensed fiduciary for free.

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Legal

Retirable, Inc. ('Retirable') is an SEC registered investment advisor. By using this website, you accept our Terms and Conditions and Privacy Policy. Retirable provides holistic retirement planning services, which are available only to residents of the United States. You must be at least 18 years of age to become a Retirable Premium user. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.

Investing involves risk and past performance is not indicative of future results. Increased spending increases the risk of depleting your savings and performance is not guaranteed. It is very important to do your own analysis before making any decisions based on your own personal circumstances.

For more information, see our Form ADV Part II and other disclosures.

Retirable is a financial technology company, not a bank. Banking services provided by Blue Ridge Bank N.A., Member FDIC. FDIC insurance is available for funds on deposit up to $250,000 through Blue Ridge Bank N.A., Member FDIC. The Retirable Visa® Debit Card is issued by Blue Ridge Bank N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

* Annual Percentage Yield (APY) of 5.12% is effective as of Aug 1, 2023. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account.

** Refer to the fee schedule in your Consumer Deposit Account Agreement

© 2024 Retirable Inc. All rights reserved.

We're accredited and certified by

Legal

Retirable, Inc. ('Retirable') is an SEC registered investment advisor. By using this website, you accept our Terms and Conditions and Privacy Policy. Retirable provides holistic retirement planning services, which are available only to residents of the United States. You must be at least 18 years of age to become a Retirable Premium user. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.

Investing involves risk and past performance is not indicative of future results. Increased spending increases the risk of depleting your savings and performance is not guaranteed. It is very important to do your own analysis before making any decisions based on your own personal circumstances.

For more information, see our Form ADV Part II and other disclosures.

Retirable is a financial technology company, not a bank. Banking services provided by Blue Ridge Bank N.A., Member FDIC. FDIC insurance is available for funds on deposit up to $250,000 through Blue Ridge Bank N.A., Member FDIC. The Retirable Visa® Debit Card is issued by Blue Ridge Bank N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

* Annual Percentage Yield (APY) of 5.12% is effective as of Aug 1, 2023. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account.

** Refer to the fee schedule in your Consumer Deposit Account Agreement

© 2024 Retirable Inc. All rights reserved.

We're accredited and certified by