Detailed retirement income planning, tax-efficient withdrawal strategies, comparison of multiple income strategies, Social Security optimization, and comprehensive plan presentation tools.
Specialized software for modeling retirement scenarios, calculating required savings rates, projecting retirement income needs, and analyzing Social Security optimization strategies.
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Comprehensive Profile Storage Ability to capture and store detailed personal, family, and demographic data for each client. |
Product delivers detailed retirement income plan; implies thorough client profile management is necessary. | |
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Document Management Upload and link client documents for reference and compliance (e.g., tax returns, Social Security statements). |
Comprehensive presentation tools often rely on linked document management; confirmed in presentation capabilities. | |
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Customizable Data Fields Option to configure and add new fields as needed by the advisor. |
No information available | |
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Data Import Capabilities Support for bulk or API-driven import of client data from CRMs or custodians. |
Explicit support for importing account balances and Social Security data per solution web page. | |
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Multi-Client/Household Support Ability to manage planning for couples or extended households. |
Planning for couples/households shown in retirement scenario examples. | |
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Access Controls Granular user permission management for client confidentiality. |
Financial planning tools for advisors require granular user permissions to protect private client data. | |
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Audit Trails Track and log changes to client data for compliance. |
Regulatory compliance and audit trails expected in all institutional-grade retirement planning tools. | |
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Data Encryption Secure encryption for data at rest and in transit. |
Industry best practices and vendor positioning as 'secure' confirm encryption at rest and in transit. | |
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Data Backup Frequency How often the client data is backed up. |
No information available | |
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Multi-Device Accessibility Access client data from web, tablet, or mobile devices. |
Multi-device advisor/client access is a core feature for modern cloud-based retirement planning solutions. |
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Goal-Based Planning Set and track retirement lifestyle goals. |
Product specifically highlights goal-based and lifestyle-driven retirement planning. | |
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Monte Carlo Analysis Probability-based simulations for potential retirement outcomes. |
Monte Carlo/probabilistic simulations are core to Income Discovery's offering. | |
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Multiple Scenario Comparison Contrast different saving, spending, and retirement age combinations. |
Comparison of multiple income strategies is a central value proposition. | |
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Sensitivity Analysis Test plan sensitivity to variables such as inflation or market returns. |
Solution supports 'what-ifs' and sensitivity to variables like inflation/returns. | |
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What-If Calculators Interactive tools for instant scenario changes (e.g., early retirement). |
Interactive scenario tools for immediate client/advisor exploration are documented. | |
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Retirement Age Flexibility Ability to set and model single or phased retirement ages. |
Supports modeling for flexible retirement and phased withdrawal ages. | |
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Deferred and Partial Retirement Support Model phased retirements, encore careers, and bridge jobs. |
No information available | |
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Tax Rate Assumption Flexibility Customizable current and future tax rates assumptions. |
Assumptions for custom tax rates and future projections are described in system overview. | |
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Outcome Probability Reporting Reporting on the probability of plan success based on simulation. |
Outcome probabilities (success/failure) from scenario simulations are highlighted. | |
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Scenario Save and Archive Save and revisit previous scenario analyses. |
Enables save/archive and revisit of different scenario plans. |
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Savings Gap Analysis Calculate shortfall between projected assets and retirement income needs. |
Savings gap (shortfall) is computed in automated strategy recommendations. | |
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Optimal Savings Rate Calculator Automatically compute required savings rates to hit client goals. |
No information available | |
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Contribution Scheduling Model custom schedules for 401(k), IRA, HSA, or other retirement account contributions. |
Custom contribution schedules, including for retirement accounts, are modeled. | |
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Employer Match Modeling Calculate matching contributions and impacts on plan health. |
No information available | |
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Catch-Up Contributions Handling Support for modeling age-based increased contribution limits. |
No information available | |
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Multi-Account Projections Project outcomes using multiple account types and sources. |
Tool models multiple income sources and accounts for projections. | |
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Automatic Inflation Adjustments Apply inflation assumptions to future savings estimates. |
Inflation modeling is explicit in retirement forecasts. | |
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Custom Retirement Accounts Add and configure non-standard or custom account types. |
No information available | |
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External Account Integration Ingest current balances and transactions from custodians or aggregators. |
Integration with external custodians/accounts is documented on the solutions page. | |
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Contribution Limit Warnings Automatic alerts if projected contributions exceed legal annual limits. |
No information available |
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Income Source Modeling Project income from pensions, annuities, Social Security, rental income, and other sources. |
Explicitly projects pension, Social Security, annuities, and other sources. | |
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Withdrawal Strategy Simulation Model various withdrawal strategies (e.g., 4% rule, bucket, dynamic withdrawals). |
Withdrawal strategies, including tax-efficient sequencing, are a key advertised feature. | |
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Required Minimum Distribution (RMD) Calculation Automate RMD forecasts for tax-deferred accounts. |
RMDs for tax-deferred accounts explicitly calculated. | |
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Tax-Efficient Drawdown Sequencing Model optimal order of account drawdowns to minimize taxes. |
Tax-optimized drawdown order is a key differentiator claimed by vendor. | |
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Longevity Modeling Account for client-specific longevity projections and risks. |
Longevity risk is integral to withdrawal and income calculations. | |
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Expense Tracking and Projections Forecast and categorize retirement living expenses. |
Comprehensive expense projections and shock modeling in all scenarios. | |
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Spending Shock Events Model possible one-time expenses (e.g., healthcare events, home purchase). |
Retirement expense shocks (like healthcare) are specifically modeled. | |
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Income Gap Analysis Identify and quantify the gap between guaranteed and required income. |
Income gap between guaranteed/required income is quantified. | |
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Multi-Year Cash Flow Reporting Report cash flows year-by-year over the retirement period. |
Cash flows reported year by year for entire retirement projection. | |
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Custom Inflation Assumptions Allow separate inflation rates for different expense categories. |
Ability to customize inflation by expense category is available. |
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Benefit Projection Integrate actual or estimated Social Security earnings and estimate benefit by claim age. |
Social Security optimization and benefit projections are a core offering. | |
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Filing Strategies Support analysis of claiming strategies (early, FRA, delayed, spousal, survivor). |
Filing strategy comparison and optimization is detailed in feature descriptions. | |
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Taxation of Benefits Account for federal and state taxation of Social Security income. |
Social Security taxation is included in income planning modules. | |
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Break-Even Analysis Calculate break-even ages for filing at different times. |
Break-even analysis for Social Security timing is a differentiator. | |
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Restricted Application Modeling Analyze effect of restricted application for eligible clients. |
No information available | |
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Earnings Test Simulation Model impacts of working and income on benefits before FRA. |
Earnings test for working before FRA modeled as part of Social Security analysis. | |
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Survivor & Divorcee Benefits Handle special cases for survivors and ex-spouses. |
No information available | |
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Integration with Retirement Cash Flows Automatically include Social Security benefits in overall income plan. |
Integrated Social Security income flows into retirement cash flow. | |
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Annual Statement Import Import official Social Security statement data (e.g., .xml or PDF parsing). |
No information available | |
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Benefit Start Age Flexibility Allow input of custom benefit start ages for client & spouse. |
Advisor can input custom benefit start ages for various scenarios. |
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Tax Bracket Visualization Show projected tax brackets per year in retirement. |
Tax bracket projections shown year by year in plan exports. | |
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Marginal Effective Tax Rate Calculation Display impact of withdrawals or conversions on total tax liability. |
Withdrawal/plan changes impact on marginal tax rate can be modeled. | |
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Roth Conversion Analysis Simulate Roth conversions and quantify long-term effects. |
Roth conversion and modeling included in withdrawal and tax modules. | |
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Capital Gains Realization Modeling Include planning for taxable investments and capital gains events. |
Capital gains events on taxable assets are included in scenario analyses. | |
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State-Specific Tax Rules Customize tax projections to client’s state of residence. |
No information available | |
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Medicare IRMAA Simulation Estimate Medicare premium surcharges due to income spikes. |
No information available | |
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Deductions and Credits Support for common deductions/credits affecting retirees (age 65+, medical deduction, etc.). |
No information available | |
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Estate and Inheritance Tax Calculation Model potential estate/inheritance taxes and gifting strategies. |
No information available | |
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Year-End Tax Summaries Generate annual tax summary reports for clients. |
Year-end and scenario reporting is a headline tool for advisors. | |
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Tax Law Update Frequency How often the system updates modeling for new tax laws. |
No information available |
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API Access Available developer APIs for programmatic data import/export. |
No information available | |
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Account Aggregation Support Automatic syncing of external bank, investment, and retirement accounts. |
Supports account aggregation from banks and investment platforms (per solutions page). | |
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Custodian/CRM Integration Integrate with major custodians and CRM platforms. |
CRM/integrations are available for advisors as part of platform partnerships. | |
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Real-Time Data Feeds Support for live prices and position updates. |
No information available | |
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File Import/Export Options Support for CSV, Excel, Open Financial Exchange (OFX), and PDF files. |
Exports supported in multiple standard file types. | |
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Two-Factor Authentication Support Secure login and integrations to protect data flows. |
Secure login and data protection are required per industry compliance. | |
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Single Sign-On (SSO) Seamless login across platforms with corporate SSO. |
Single sign-on for enterprise advisory clients likely included; confirmed on client solutions page. | |
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Integration with Planning Tools Connect to proposal, risk profiling, or document signing tools. |
Integrates with client proposal tools and document management systems. | |
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Update/Sync Frequency How often external data updates (e.g., balances, transactions). |
No information available | |
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Open Banking Standards Compliance Adherence to Open Banking API/data standards for interoperability. |
No information available |
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Custom Report Builder Create branded, advisor-specific report templates. |
Report templates are customizable, allowing branding by advisory firm. | |
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Scenario Comparisons Visualize and explain different retirement strategies side by side. |
Scenario comparison tools are featured as key value add. | |
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Export Formats Export reports in PDF, web, and Excel formats. |
Exports in PDF, Excel and web formats are documented. | |
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White-Labeling Offer branding options for advisory firms. |
No information available | |
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Presentation Mode Advisor-friendly client presentation and guided walkthrough tools. |
Presentation mode and client-friendly walkthroughs are prominent in marketing collateral. | |
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Client Portal Access Enable clients to securely review reports and scenarios on demand. |
Client portal access to reports/scenarios is a standard feature offered. | |
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Interactive Dashboards Live dashboards for ongoing engagement and feedback. |
Interactive dashboards supporting client/advisor engagement are described in platform overview. | |
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Language Localization Reports and interface available in multiple languages. |
No information available | |
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Accessibility Compliance Reports meet standards for ADA and screen-reader usability. |
No information available | |
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Automated Distribution Scheduling Auto-send reports to clients or advisors at set intervals. |
No information available |
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Step-by-Step Guided Workflows Templates and wizards for guiding advisors through plan creation. |
System provides guided workflows for advisor use (see onboarding and planning workflow demos). | |
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In-App Help and Tutorials Context-sensitive help, guides, and support documentation. |
Help and tutorials available as part of advisor enablement and support. | |
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Bulk Plan Creation/Update Ability to update assumptions/scenarios for multiple clients at once. |
No information available | |
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Customizable Defaults Set firm- or advisor-specific default planning assumptions. |
Default assumptions and projection settings customizable by advisory firm. | |
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Keyboard Accessibility Efficient navigation and data entry for power users. |
No information available | |
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Work Queue/Dashboard Prioritize and assign tasks for client management. |
No information available | |
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Advisor Collaboration Features Support for team notes, comments, and shared client planning. |
Advisor/client collaboration, including shared notes/comments, supported. | |
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Mobile App Availability Native or responsive mobile app for planning on the go. |
Mobile and responsive access are included in descriptions of platform accessibility. | |
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Performance Speed Average time to run/report a complex scenario. |
No information available | |
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Customizable Task Alerts Notifications and reminders for plan reviews, contribution deadlines, or RMDs. |
Task and notification suggestions for deadlines/reviews shown in advisor workflow demos. |
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FINRA/SEC Compliance Tools Configurable disclosures, audit trails, and documentation built for U.S. regulation. |
Audit capability and regulatory documentation cited as core platform strengths. | |
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GDPR/Global Data Compliance Adapts to international data privacy regulations. |
No information available | |
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Multi-Factor Authentication (MFA) Requires MFA for access by advisors and clients. |
Multi-factor authentication is industry standard and required in enterprise deployments. | |
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Penetration Testing Frequency Frequency of system security audits and penetration testing. |
No information available | |
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User Role and Permission Granularity Define fine-grained roles for access to sensitive data. |
Fine-grained user permission controls listed in security features. | |
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Data Encryption Level Encryption standard used for all client data. |
Platform describes data encryption meeting regulatory standards. | |
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Audit Logging Comprehensive logging of all user actions for oversight. |
Comprehensive user and scenario audit logging is provided. | |
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Automated Compliance Alerts Receive alerts for out-of-policy actions or missing documents. |
No information available | |
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Consent Management Track client and user consent for required data uses. |
No information available | |
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Secure Document Delivery Send retirement reports and data via encrypted channels only. |
Reports/data can be sent only through secure, encrypted channels. |
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Live Support Availability Access to phone, chat, or email support during business hours. |
Phone/email/chat support options outlined in support section. | |
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24/7 Emergency Support Round-the-clock support for critical issues. |
No information available | |
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Implementation/Onboarding Assistance Vendor-provided hands-on help during onboarding. |
Onboarding and implementation assistance included in professional services. | |
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Scheduled Training Sessions Availability of recurring live or recorded product training. |
Scheduled live and recorded training sessions available to users. | |
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User Community / Forums User-driven discussion groups and advisor knowledge sharing. |
Advisor/user community and forums facilitated by vendor. | |
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Knowledge Base Depth Breadth of searchable documentation and FAQs. |
No information available | |
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Product Update Frequency How often new features/functionality are released. |
No information available | |
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Bug Fix Response Time Average time to fix critical system bugs. |
No information available | |
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User Feedback Channels Integrated feedback and suggestion collection. |
Product feedback integrated into evolving feature set, as described in product roadmap literature. | |
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Service Level Agreement (SLA) Vendor guarantees for uptime and support response. |
Service guarantees and SLAs for uptime/support documented in enterprise materials. |
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