
Bogleheads On Investing Podcast
Episode 62: Steve Chen on DIY Retirement Planning Tech, host Jon Luskin
Sep 25, 2023
Steve Chen, Founder of NewRetirement, discusses building a retirement planning software platform, retirement portfolios and investment strategies, options for a 50-something couple without family, online security of financial data and account creation, staying safe online and Roth conversions in retirement. The speaker expresses gratitude towards the Bogleheads community and discusses the upcoming Bogleheads conference.
40:41
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Quick takeaways
- NewRetirement's tool helps users understand retirement options and achieve their goals through unbiased insights and guidance from coaches or CFPs.
- Steve Chen believes that AI and robo-advisors will play a larger role in financial advisory services, but should complement, not replace, human advisors.
Deep dives
DIY Retirement Planning: A Tool for Financial Independence
Steve Chen, CEO of New Retirement, shares how his journey of helping his mother plan for retirement led to the creation of a do-it-yourself retirement planning tool. The tool, similar to TurboTax, allows users to build their own financial plan or seek guidance from a coach or CFP. By framing up choices and providing unbiased insights, the tool helps users understand their options, such as working longer, downsizing, or investing differently, to achieve their retirement goals.