PlanMode - Financial Planning 7.0

COMPREHENSIVE PERSONAL FINANCIAL & RETIREMENT PLANNING

This application offers a robust tool for financial analysis essential for addressing inquiries such as:

• How does my expected financial overview appear?
• Should I commence receiving Social Security benefits at age 66 or await larger payments at age 70?
• When will I have adequate capital to retire on my terms?
• What will be the financial impact of a new investment?
• Is purchasing a house a better option than continuing to rent?
• Are my family's needs protected in case of my disability or demise?

PlanMode assists in analyzing these and various other scenarios. It is user-friendly and offers limitless possibilities; you can utilize it to assess nearly any financial circumstance, whether affecting the current year or many years ahead.

KEY FEATURES

This app is capable of:

• Compiling comprehensive financial profiles encompassing:
• • Current and projected income and expenses
  • Bank accounts
  • Retirement accounts
  • Business and investments
  • Stocks and bonds
  • Insurance policies
  • Real estate
  • Mortgages and loans
  • Cash management simulation
  • Social security
  • Income taxes
• Comparing various financial alternatives with unlimited what-if scenarios
• Automatically generating retirement profiles, calculating lifelong capital needs, analyzing liquid capital sufficiency, and proposing solutions to address capital shortfalls
• Automatically creating disability profiles, evaluating cash flow adequacy, and suggesting measures to cope with cash shortages
• Automatically preparing death profiles, determining survivor's capital requirements, examining income sufficiency, and offering alternatives to bridge capital deficiencies

REPORTS & CHARTS

A complete suite of financial statements is accessible for each scenario. PlanMode provides a thorough evaluation of retirement and other scenarios, determining lifetime capital needs and available resources to meet them. In instances where capital resources fall short, PlanMode recommends potential actions to remedy the shortfall. The following reports are generated for each profile scenario:

• Financial Profile Summary
• Retirement Profile Overview
• Income Statement</ li>Balance Sheet < il>Cash Flow Statement < li upporting Information < li apital Needs Analysis < li Pie charts illustrating annual snapshots < li Line charts projecting full profiles
• All charts and graphs dynamically adjust to your data.

  COMPREHENSIVE PLANNING APPLICATION

  PlanMode offers a range of features comparable to high-end financial planning systems including:

  • < li Profiles for single individuals and married couples
  • < li Planning horizon up to 100 years< ul>< li Retirement profile along with relevant analyses< ul>< li Disability profile with relevant analysis< ul>< li Survivor's profile with relevant analysis< ul>< ul Automatic cash management simulation< ul>< li Detailed annual cash flow analysis< ul>< li Personalized data entry items< ul>< li Customizable financial statements<
    </ ul Ample graphs and charts for quick insights<
    </ ul Scenario comparison for what-if analysis<
    </ ul Data export functionality to ExecPlan or Express<
    </ ul Configurable national and local income taxes<
    </ ul Predefined product structures include Individual Retirement Accounts, Company Retirement Plans (401k), Self-employed Retirement Plans, Mortgages, Life Insurance,< l Fixed & Variable Annuities, Charitable Annuities, and Reverse Mortgages.

    WORLDWIDE INCOME TAXES

    USA:</strongrsalapproachwiththescopeof100years.RetirementprofileandanalysiscanbeautomaticallygeneratedaswellasdisabilityprofileandanExample profilecreatedwithdetailedcashflowanalysisandvariousfinancialstatements.ltprovidescomprehensiveinsightsandcomparisonofscenariosallowingforwhat-ifanalysis.ltisofferingflexiblevisualoverviewsalongwithextrataxconsiderationsandinsights.

    Sawhneyhasbeeninvolvedindevelopingandsupportinghigh-qualityfinancialsystemsfortwodecades.OurflagshipsoftwareproductExecPlanwasintroducedcommerciafyintheUSAin1976settingthegoldstandardinprofessionalfinancialplanningapplications.
    
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