Trust Builders, Inc.

Comparison of the Quick Gap and TRAK-Gap Analysis Calculators

The Quick Gap calculator (previously known as the "Pension Calculator") has long been one of the most popular calculators included with TRAK. New this year (2007) is TRAK-Gap Analysis calculator, which is available in both a stand-alone version and also as an option in TRAK, with additional functionality.

So why create a brand new calculator? For several reasons.

First, in response to the numerous features requested for the Quick Gap calculator that just could not be fit in the format that the Quick Gap utilizes. Included in these are items are Long Term Care illustrations, various tiers of income during retirement, etc.

Second, the need to calculate the federal retirement plans (FERS & CSRS). The data for these plans is simply too complex to be entered in the layout of the Quick Gap data screens.

Layout

The Quick Gap calculator uses the instant-calculation design found in many of the TRAK calculators: data on the left, calculations on the right:

The TRAK-Gap Analysis calculator data input is designed with tab-pages allowing for additional information and data-input screens are clearly categorized:

While the design is different, those familiar with the Quick-Gap calculator should quickly become comfortable with using the Gap Calculator. Also note that both calculators use the same database meaning if a Quick-Gap calculation has been made, the client data will already be available in the Gap Calculator.

Features

Below is a comparison of the features found in both calculators:

Retirement Plans
Features:
	Over 300 public retirement plans
	Create custom defined contribution retirement plans
	Custom defined benefits plans may be added¹
	FERS/CSRS retirement planning (including TSP, FEGLI, Catch-62, etc.)
Other Accounts
	Additional Savings Accounts
	Known Income Accounts
	Lump Sum/Cash Infusion
Retirement Needs
	Calculate both client and spouse retirement needs/plans
	Calculates additional savings needed for retirement
	Tiered income-models
	Custom distributions during retirement
	Illustrate Long Term Care (LTC) Needs
	DB Buy-Back Illustration
	Minimum cash balance at life expectancy
Other Items
	Save data to client's file
	Number of illustration pages	6	8
	Instantly see effects of data changes
	Instant "What-If" analysis
	Number of reports (not including Pension Max)	13	15
	Pension Maximization Illustration²

See for yourself!

Take a look for yourself--at no cost! See how the additional features in TRAK-Gap Analysis will allow you to better serve your clients. Click on the button below and see for yourself.

1. Private defined benefit (or complex defined contribution plans) retirement plans may be added upon request for a small fee. Contact support for more information.

2. Available as an additional add on.

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What TRAK users are saying

I wish more of those in financial services would use it to better assist our clients!
S. Brannon
Hartford Equity Sales Company

I wish to heck I'd known about this tool a lot earlier.
John L. Olsen, CLU, ChFC, AEP
Software Advisor at Financial

You cannot work in the 403(b) market without TRAK.
Gary Rogers
Personalized Financial Service

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