For decades, Americans thought about retirement planning in terms of a three-legged stool: Social Security, an employment-based pension and personal savings. However, all three legs of this stool are folding under the pressure of change.

Social Security is forecast to run out of funds by 2035, company pensions (as well as full-time employment itself) are in decline, and millions are facing a squeeze on savings. People planning for their retirement are looking for fresh advice to help guarantee long-term financial security.

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Thanks to technology, we live in an age of personalization — from made-to-order Nike shoes to your Spotify station tailored to your specific tastes in music. In previous eras, “mass customization” was a contradiction in terms. But that’s no longer the case when it comes to retirement planning.

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New fintech platforms help advisers to cater to nontraditional retirees, who are now emerging as a result of shifting career paths and work patterns. For example, is your client taking a “mini retirement” at age 35 with plans for a career change? You can use data to determine when they will need to begin earning again (and how much) to ensure long-term financial stability and see projections via platforms.

But even among the larger group of more traditional investors who plan to retire in their 60s or later, no two individuals are the same. Digital platforms enable customized asset location that strategically maximizes income while minimizing tax liability and increasing liquidity, all in line with investors’ specific goals.

This is a crucial development for advisers who may have struggled to identify such opportunities for optimization across a large number of clients. Advisers are also using data as a window into clients’ personal desires and to identify intangible necessities and solutions, such as enhancing credit, strategic debt repayment or saving funds to capitalize on prize-linked savings that promote healthy reward opportunities. The cumulative result is that the adviser becomes a consultative financial and life coach, strategically weighing in on client decision making across various areas of their lives, beyond managing wealth and income.

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