Generate tax-optimized retirement income with MyVest and Income Discovery

Bridging retirement income planning & implementation

MyVest and Income Discovery have partnered to make it much easier for advisors and firms to scale the delivery of better retirement outcomes.

This partnership leverages the unique strengths of our platforms to operationalize the combination of retirement income planning and its ongoing implementation to deliver personalized, tax-smart withdrawals.

With the total number of U.S. retirees on track to reach 72 million by 2030, advisors need a scalable, tax-efficient solution to meet the growing need.1

Here’s how it works

Here’s how your advisors can leverage our integration to plan for and generate retirement income.

Delivering tax-smart retirement income

Optimal withdrawal amounts 

Income Discovery’s Paycheck performs a comprehensive analysis of household-level income sources (taxable, IRA, 401K, Roth, Social Security, annuities) to recommend the most tax-optimal withdrawal amounts.

Workers surveyed about retirement plan improvements rank retirement income features at the top.2   

Retirees report that their taxes are higher than expected in retirement.3

Tax optimized retirement income   

MyVest’s Strategic Portfolio System™ (SPS) raises cash while managing portfolio risk through its tax-aware rebalancing, including tax lot selection. Its powerful OMS allows the advisor or a central team to scale trading across unlimited portfolios.

Ongoing monitoring

A dynamic, real-time, bi-directional workflow between Paycheck and SPS allows for ongoing monitoring and management of the client’s retirement income plan and sources, ensuring they remain on track and adaptable to changing circumstances. 

How to get started

Contact us to learn more about how you can offer your advisors a better retirement income solution.

Resource Library

PR: MyVest & Income Discovery Launch Retirement Income Partnership

Article: MyVest Announces Tax-aware Portfolio Transition Upgrades

Award: MyVest Wins BISA Technology Innovation Award for Tax Optimization

Award: MyVest Wins PAM Award for Best Private Tax Solution

Do you have more questions? Would you like to schedule a demo?

1. LIMRA Fact Book on Retirement Income, 2019

2. 2023 RCS Fact Sheet #8 Income Stability vs. Maintaining Assets and Choices for Income in Retirement

3. Employee Benefit Research Institute (EBRI) Retirement Confidence Survey