Retirement Advisor
The Retirement Advisor module uses the collected data to analyze a client’s desired retirement goal. Based on the assets and income made available to fund the desired spending goal, the module shows the percent funded. In cases where the spending goal is not met, the module includes pre-set alternatives which allow the client to see the impact of implementing each alternative on reducing the shortfall.
Module Target User – Advisors
Completion Time – 30 to 60 minutes
This module:
- Incorporates flexible planning assumptions, including different rates and values for pre-retirement and post-retirement
- Allows an unlimited number of income streams and assets of various types
- Allows assets to be preserved, using only the yield to fund retirement goals
- Includes annual retirement spending, other retirement goals, debt service (for loans that extend into the retirement period), and legacy as retirement goals
- Analyzes the retirement goals on an annual basis to determine available income, amount needed from assets, and shortfall
- Projects asset balances from the current year through the last year of retirement
- Allows liquidation order of assets based on tax type
- Calculates the monthly savings needed to fully fund retirement
- Offers multiple planning alternatives to examine possible strategies for filling a shortfall