April 4, 2005 Hartford, CT Share: Print Subscribe to Email Alerts

ING today announced the launch of THE INCOMEWIZARDSM, a retirement calculator for ING retirement plan participants. The tool will help people saving for retirement through employer-sponsored plans make the connection between what they are saving today and the potential income that can be generated from those savings in their retirement years.

By answering six simple questions the user can see their potential nest egg and the income that may be generated from that nest egg in today’s dollars and in tomorrow’s dollars adjusted for inflation. They can also make assumptions and adjust numbers to see what effect contributing more, working longer, having higher or lower returns, and adjusting contributions overtime might have on the total potential nest egg and on the income it could generate.

“ING is committed to helping people plan better for retirement,” said Bill Lowe, President of ING’s Financial Horizons. “Recent research* we conducted shows that Americans, in general, have been saving for retirement, but do not have a plan for turning their savings into lifelong retirement income, nor have they considered all the risks that may affect their ‘retirement paycheck.’ THE INCOMEWIZARDSM is one of many tools we offer our plan participants that may help them not only save, but also help plan their potential retirement income stream.”

ING provides financial tools, guidance and educational information for participants that may help them determine their needs and plan for their financial future. THE INCOMEWIZARDSM and the additional tools and information can be found at

*ING serves approximately 41,000 plans and 2.5 million participants through 403(b), 457, and 401(k) retirement plans.

Press inquiries

Caroline Campbell, ING, 770-618-3801 or

About ING

ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of more than 112,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which include life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning and reinsurance. ING holds top-tier rankings in key U.S. markets and serves more than 14 million customers across the nation. For more information,