What to look for in a retirement plan
How we will work together
Information to bring to consultation |
Our professional software uses 'consumption smoothing' to find your maximum 'living standard' number. It shows how households should save when they can and insure when they need to. It considers family composition, income, taxes, retirement accounts, housing, special expenditures, bequests, etc. and recognizes that survivors may have special needs and different incomes.
You will see that data input is simple and straightforward, and view an example plan which includes the detailed report we prepare. Most of all, see how it handles different real life questions - how different strategies can be evaluated to provide quantified results to enable the right decision to be taken and optimize your living standard number.
It shows the living standard impact of retiring early, downsizing, moving states, refinancing -- you name it. It makes extraordinarily detailed federal and state tax and Social Security benefit calculations, and shows how investment choices affect the annual variability of one's living standard.
For example, should you take Social Security at 62 or wait to 70? Run both options and in seconds you will be comparing the results. Suppose you don’t trust the politicians and expect a 25% reduction in Social Security benefits in 2019? Let's change the assumptions and run both options again to see if your best choice is the same. We provide you with the opportunity to evaluate your life decisions and optimize your plan.
Call (408) 725-7135 to schedule a demonstration of the software, or click here.
| Benefits: |
- Maximize Your Spending Power
- Smooth Your Consumption
- Price Your Passions
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| Features: |
- Implements Consumption Smoothing
- Annual Spending, Saving, and Insurance Recommendations
- Unique Living Standard Risk/Reward Analysis
- Handles Borrowing Constraints
- Monte Carlo Simulations (‘Plus’ version only)
- Patented Dynamic Programming Algorithm
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The ‘living standard’ number calculated for each scenario provides a yardstick to help with life decisions such as:
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- Career/Job Choice
- Location and Housing Choice
- Getting Married
- Making Gifts to Children
- Type of Retirement Account
- Buying a Cabin-Cruiser
- When to Retire
- Safe Spend-Down Rates
- Annuitization Decisions
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- Investing in Education
- Choice of Mortgage
- Having Children
- Contributing to Charity
- Retirement Account Contributions
- Moving to Florida
- When to Take Social Security
- How Much Life Insurance
- Long-term Care
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The software considers these variables:
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- Demographics
- Wages
- Investment Real Estate
- Special Receipts
- Current Saving
- Regular Assets
- Retirement Contributions
- Primary and Vacation Homes
- Life Insurance
- Future Changes in Taxes
- Portfolio Allocations
- Social Security
- Contingent Plans
- Estate Plans
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- Economic Assumptions
- Self-employment Earnings
- Gifts & Charitable Contributions
- Special Expenditures
- Reserve Fund
- Retirement Accounts
- Annuitizing 401(K), Ira, and Roth Accounts
- Future Housing Plans
- Annuitization Plans
- Future Changes in Social Security
- Medicare Part B Premiums
- Pensions Borrowing Limits
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Provides exceptionally detailed Tax and Social Security calculations:
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TAX CALCULATIONS
- Federal Income Tax
- State Income Taxes
- FICA
- EITC
- Exemptions
- Child Tax Credit
- Saver Credit
- Alternate Minimum Tax
- Standard Deduction Decision
- Retirement Account Taxation
- Real Estate Depreciation
- Capital Gains and Dividend Taxation
- Sales of Homes
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SOCIAL SECURITY CALCULATIONS
- Retiree
- Survivor
- Parent
- Spousal
- Child
- Divorcee
- Family Benefit Maximums
- Earnings History
- Earnings Test
- Early Retirement Reductions
- Delayed Retirement Credit
- Re-computation of Benefits
- Off-set and Windfall Elimination
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Call (408) 725-7135 to schedule a demonstration of the software, or click here.
Back to FREE Consultation |
