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RetirementWorks®
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Still River's RetirementWorks® is the toolbox you need to help your clients save, plan for and
enjoy their retirement years. Equipped with powerful and precise calculators, RetirementWorks®
takes you through assessing future retirement income needs to optimizing retirement plan contributions
to determining plan distribution and withdrawal levels - and much more.
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Assess Future Retirement Income Needs
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Perform a basic retirement needs analysis, estimating the new monthly savings required to provide adequate retirement income in the future
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Perform basic financial calculations, such as present and future values, cost of delay, internal rate of return, amortization of mortgages and other loans, annuity payment calculations, and life expectancy
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Estimate Social Security retirement benefits, and compare the impact of beginning benefits at ages 62 to 70
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Optimize Retirement Plan Contributions
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Compare future fund accumulations under a hypothetical cash flow and rate-of-return scenario for two different plan/product structures
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Allocate assets among among investment categories based on financial ability to afford investment risk using the Econometric Risk Capacity Asset Allocation Model.
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Allocate account assets among stock and bond categories based on expected future contribution and withdrawal levels using the unique Econometric Monte Carlo (EMC) Asset Allocation Model.
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Approximate a Federal 1040 tax return for one or two years
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Recalculate a paycheck after adjusting for changes in pre-tax retirement plan contributions, either separately or in conjunction with a 1040 analysis that will solve for a pre-tax amount
that results in a zero federal tax refund
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Optimize pre-tax vs. after-tax contributions for maximum retirement savings
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Optimize contributions to IRAs vs. Roth IRAs, optimize rollovers from IRAs to Roth IRAs, and determine eligibility for both
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Calculate maximum contributions to Section 457 plans
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Determine Plan Distribution and Withdrawal Levels
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Calculate how much should be withdrawn from savings and investments every month during retirement using our needs-based approach to post-retirement withdrawals. The system takes into account changes in expenses that are likely to occur over time
and mortality risks for one or two retirees.
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Determine how much of retirement savings and investments should be converted into annuity payments to ensure solvency if clients live to very old ages using needs-based annuitization strategies that
allows clients to specify cash amounts to be reserved for future medical costs, bequests to heirs or other purposes.
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Determine which specific assets to liquidate first to meet retirement income needs.
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Calculate 72(t) distributions for clients who begin plan withdrawals before age 59 1/2
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Compare options available to qualified plan participants who are eligible for lump sum distributions, including proper handling of Net Unrealized Appreciation (NUA).
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Calculate Required Minimum Distributions from qualified retirement plans
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Incorporating the newest legislative changes, RetirementWorks® provides you with the tools to provide your clients with superior service throughout their lives
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Download Demo
User's Guide
Sample Reports
Pricing
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