Every retiree would like to know how their plans will work. If they could take a retirement test drive of their plans, they could have more confidence in the future. Retirement Test Drive is one of PlanLab®’s programs for just that purpose. It performs a detailed cash flow analysis incorporating expected incomes and expenditures and uses assets as you designate, for some of the expenditures as part of your plans. No software can accurately predict the future, but Retirement Test Drive lets you see how your plans, including your best assumptions and your objectives, might work.
Advisors who helped their clients establish a retirement investment strategy based on time horizons, have clients who feel more secure this October. The economic crisis of 2008 has many retirees very concerned over what adjustments to make in their retirement plans. The Dow Jones has gone from over 14,000 in October 2007 to under 10,000 at the start of October 2008. Advisors’ phones are ringing with retirees wanting to know, “What do I do?” or “Should we reduce our retirement income?” But, advisors who helped their clients invest using time horizons and retirement phases are telling their clients, “No need to make any changes. Your retirement strategy was built to allow riskier investments to have plenty of time to recover – your plans do not have to be adjusted up and down with market changes.”