- Enhances & aligns seamlessly with any system. Reasonably Priced
- Statistical modeling adjusts for lifestyle, inflation, return variables
- Institutional-caliber tool for financial planners
Templates: It's what makes the Planner Pro Brief Introduction The Templates tab opens up the Planner's domain. From this section, Planners are able to control all the key variables, create customized formats, fine tune the plan and collaborate with clients. It is also the domain which only planners can understand and use.
Templates sets the Planner apart
This section for Key to "manual
- Clients enter data on lifestyle and budget
- Home page shows completeness of responses
- Client adds Planner
The numbers should be in similar balloons/callouts
Once a client agrees to share the data the Planner can upload client data, modify and fine tune the plan. Under planner supervision, client collects and enters data on retirement lifestyle and living expenses. Planner spends quality time collaborating with client to craft the ultimate retirement plan
Accessing client information and
managing plan
- Planner loads client data
- Generates and manages plan
The Heart of Planner Pro The key Planner tasks are all assembled here. Choose from a default selection of conservative, moderate or aggressive client risk/return profiles. Or, custom create a profile. Change the cost category specific inflation rates, life-style factors, investment rates of return or category expense values
Using Templates
- The Templates Tab
- Use standardized or customize your own template to reflect client's risk/return profile. templates.
- Change all the variable values in this section.
If you are planning to get married in the next 10 yrs overstate your expenses.
If your client is 69 yrs old and retires next year Enter your client's age as 64, retiring at 65. Now you will have a plan for the next 30 years which would mean till age 100 for the client, using the actual years. You can either leave it as that or if you wish to plan till age 95, reduce the lifecycle factors for the third age-band by about 33 - 45%, depending on how conservative or aggressive, respectively, you want to be in your estimation of expenses. Such an adaptation will have the same effect as a 25 year plan at age 70. If your client is 80 and spouse is 65
If your client's age is 80 with a spouse aged 65, enter the current age as 64, retiring in 65. reduce the life-style factors for the second band by 33% and the third band by 50%. That will ensure a plan which supports two people for 15 years and one person for an additional 15 years.
If your client will retire at age 65 and the home mortgage will be paid off when your client is aged 69 Reduce the life style factor for basic expenses in band 1 by about 25 - 30% from what you would have otherwise set it at. This will account for the fact that basic expenses will go down by an amount reflecting both mortgage payments typically at about 33% of our total income and that the client will be paying the full amount for the first four years.
If the home mortgage is paid off at age 77, then reduce the life cycle factor for basic expenses in the second band by about 30 - 40%
If your client has a Long Term Care policy Adjust downward the factors for healthcare in band 2 by about 20 - 30% depending upon the plan, to reflect possibilities of coverage for adult day care and home health care services. Adjust health care factors for band 3 by an additional 30 - 40% to reflect coverage for nursing home care coverage.
If your client has a good health insurance policy especially for good coverage of prescription drugs and out-patient care Reduce healthcare life cycle factors downward and/or reduce the inflation rate on healthcare. Remember that prescription drugs and outpatient care costs have increased at very high inflation rates in the last 20 years.
If your client does not have expensive leisure activities plannedReduce the inflation rate for leisure activities.
