Sentences with phrase «use retirement planning software»

I use retirement planning software to try to model the optimal way to draw down on someone's retirement assets, as well as to determine sustainable spending and required rate of return in retirement.

You can work out the numbers with your financial advisor or use retirement planning software like the Canadian Retirement Income Calculator.

Explore Info FORBES Retirement Guide calls it: «Simple, easy - to - use retirement planning software»

Not exact matches

Robo - advisors use the same software as traditional advisors, but usually only offer portfolio management and do not get involved in more personal aspects of wealth management, such as taxes and retirement or estate planning.

Robo - advisors use the same software as traditional advisors based on Modern Portfolio Theory, but usually only offer portfolio management and do not get involved in more personal aspects of wealth management, such as taxes and retirement or estate planning.

Financial planning software, or even simple Excel spreadsheets, can be used to determine if the client has enough money saved for retirement, or if the client has enough life insurance coverage, if the client's portfolio is well diversified and appropriately allocated given their risk tolerance and timeline to retirement.

Using marginal tax rates is not correct when inputting global tax rates into retirement and financial planning software.

, saying, «It is increasingly popular for retirement calculators and software to use a Monte Carlo style of analysis, leading retirees to select which plan has the best «probability of success».

The reason for this retirement income calculator is that you can manually use these estimates as input into other financial plan / retirement planning software programs.

You can also use the annual cash flow numbers from other financial planning software that doesn't do retirement plans very well, and enter (or integrate) these numbers into the retirement spreadsheet to complement these plans (that's how RP got started in 1996).

First, after making thousands of retirement plans since» 88, using just about every retirement planner every made, the bottom - line is there is no significant difference between making an educated guess and using the most detailed tax - calculating software available.

Most financial plan software vendors with Monte Carlo use it in their retirement planning modules.

• You can use annual cash flow numbers from other financial planning software that doesn't do retirement plans well, and enter (or integrate) these numbers into the retirement spreadsheet to complement them (that's how RP got started in 1996).

Using full - blown comprehensive and integrated cash flow - based financial planning software is not needed when one is either already retired, and / or is a few years away from retirement (and doing well).

For example, you can use annual asset values from retirement planning software.