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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.

Financial calculators and simple illustrations are one-sided solutions. All financial problems and solutions occur within the total financial situation of a household. Financial calculators and simple financial illustrations only consider a limited set of factors – just the factors that are relevant to the particular calculation. A cash flow analysis considers not only the benefits of the solution, but also the costs of the solution.

Many estate planners, as well as estate planning software, only show one side of the picture. The emphasis is on how much estate tax will be saved, and/or how much more the heirs will inherit. After all, that is the side of the picture almost every higher net worth individual is concerned.
What about the other [...]