A few key highlights:
- Your Personal Financial Dashboard
- Account Aggregation
- Your Personal Balance Sheet
- Retirement Planning
- Probability of Success using Monte Carlo Simulation
- Social Security Optimization
- Tax Efficient Withdrawal Strategies
- Budgeting and Debt Management
- College Debt Pay-Down Strategies
- Simplified Reporting with Graphics
- Collaborative Planning (with your Planner)
Give It a Try Yourself!
Our financial planning software is state-of-the-art technology, client-friendly, and has many benefits. You can access this software yourself and begin your financial planning journey for no cost and no obligation. Simply do it yourself! If you need help, then we can talk.
Click on the image below and you will be taken to a sign-up screen for the RightCapital financial planning software. Your data is secure and you will be provided private login credentials.
Once you establish your login credentials, you will be able to begin your data entry and perform some basic financial planning. See our Help Video. When you are ready for heavy lifting financial planning, we offer fee-only services to help you out in a variety of situations such as Retirement Planning…
What Can You Do with Our Financial Planning Software?
Your Personal Financial Dashboard
Imagine, even with dozens of accounts, you can view all the data in a single dashboard! That is the beauty of an account aggregator!
Need an update on your household balance sheet? Pronto! It’s there automagically on your personalized dashboard.
- Account Aggregation
- Household Balance Sheet
With your home computer and our software’s electronic dashboard, you are able to seamlessly retrieve and update your account information. From the privacy and security of your home, you can review balances from your various bank accounts, credit unions and many of the financial brokerage institutions. All the information gets rolled up into your dashboard summary.
View a simple bar graph that shows the sum of all your assets, liabilities, and your Net Worth. You can track this on a yearly basis to see if you are accumulating wealth or taking on too much debt.
Studies show that people who have written goals are much more likely to achieve them. Setting goals in our financial planning software is a snap. You can set individual goals and joint goals for husband and wife. Start tracking your way to success!
An easy to use budgeting tool can aggregate accounts from over 8,000 financial institutions, making it easy to see all your transactions in one place. The software also performs automated expense categorization, with allowable user changes. Create and monitor your cash flows with ease!
Many Generation X, Y, and Baby Boomers have at least one thing in common – a need to eliminate debt! The debt management tool can be a very valuable tool for reaching your goals. See how eliminating debt can help you reach your financial goals!
Reports with Graphs You Can Actually Understand
Finally, a software output report that is easy to read and understand. You can print out or store electronically. Track your yearly progress toward your goals.
Our Financial Planning software now has an “app” that you can download to your smartphone. You can do simple things like check your balances, review action plans, etc. using the app while you are on the go.
With our financial planning software, we are able to model various retirement scenarios such as different ages, different Social Security claiming strategies, upsizing or downsizing a home, relocation, and much more. Embedded in the software are tools such as Monte Carlo simulation, Social Security optimization, and systematic stress testing to analyze different economic factors. All with very quick response time and graphic visuals.
- Probability of Success
- Scenario Comparisons
- Social Security Optimization
Instead of focusing entirely on investment yields, we also emphasize the probability of success in meeting your overall retirement objectives. We use Monte Carlo simulation to perform the probability analysis. Monte Carlo is a tool that can model multiple return variables that occur in the stock market instead of just a single average return variable.
Understanding your retirement scenarios can be very helpful to your decision making. Should you downsize your home, take the lump sum pension, or retire sooner? We can look at all of that and more. We typically run 4-5 scenarios for a Retirement Plan.
If you are married, coordinating and maximizing Social Security benefits may be the single most important decision of your retirement plan. Our software can project the differences of different claiming strategies and the impact on your overall Plan.
Retirement Tax Planning
- Optimal Withdrawal Strategies
- Roth Conversions
As part of your Retirement Plan, we will illustrate optimal withdrawal strategies, comparing the sequence of withdrawals from taxable, tax-deferred and tax-free accounts both with and without Roth conversions. This information alone may save you tens of thousands of dollars in taxes during your retirement time horizon.
When is the right time? How much do you convert? What is the tax consequences? How will this impact your Legacy planning? These are the types of questions we can help answer!
- We will analyze your asset allocation across all your accounts
- We break down all your investments into market sectors and investment styles
- You will clearly see the difference between your taxable, tax-deferred, and tax-free assets
- See the impact of altering your asset mix on your Probability of Success – in real time!
College Debt Pay-Down Strategies
If you are like many with large college debt to pay-down, it’s a real struggle balancing that commitment with saving for a new home or retirement. We can help you analyze the various college debt pay-down strategies that are best for your specific situation.
- Compare between current loans and a proposed plan
- Review repayment options on an interactive flow chart
- Devise proposed Repayment Plans based on your loan timing, career choice, and loan consolidation
- See the impact of your student loan repayment plan on your retirement projections
A Key Differentiator of our Financial Planning Software
If you elect to have a Financial Planner work with your data, we will be able to do “collaborative reviews.” Whether you are sitting across the table or across the country, we are able to show you various financial scenarios and the potential impact on your bottom line, interactively. We can change inputs factors on the fly and you see the results!