Retirement Foundations
The Retirement Foundations module quickly reviews the client’s current retirement situation and recommends additional monthly contribution amounts to fully fund the goal. The user specifies the additional monthly contribution amount (including tax type) and a summary of the total retirement goal funding is provided. General assumptions are made to lessen the number of questions required.
Module Target User – Beginning Advisors, Clients
Completion Time – 5 to 10 minutes
This module:
- Illustrates the percentage of the retirement goal funded by current available resources
- Estimates the monthly accumulation needed to reach the retirement goal under three different tax types (taxed, tax-deferred, tax-free)
- Summarizes the client’s retirement current situation with the proposed additional contributions that illustrates the total percentage of goal funded