Introducing the Retirement Gap Analysis Calculator

The "Gap Analysis" calculator is a brand-new retirement needs/shortfaull illustration product by Trust Builders, Inc. It extends the functionality of the "Quick Gap" calculator (found in TRAK), adding numerous features.

(Note: This information may be downloaded in a printable PDF document by clicking here).

Overview

With over 22 years of experience in the financial-planning software industry, Trust Builder's Inc. has spent a year developing a tool specifically targeted at the retirement planning industry. The "Gap Analysis" calculator continues the legacy of TRAK:

• quickly enter the data in a logical, easy-to-understand manner;
• clear, concise user interface;
• reports that are easy to understand for your clients; and
• training and support on the software.

Leveraging the technology in the popular "Quick Gap" calculator, the "Gap Analysis" calculator allows for extended functionality that allows for the more complicated calculations, modeling more closely what is seen in real life. Designed to be a sales tool by informing clients of their financial situation for retirement, "Gap Analysis" users will be able to clearly, concisely communicate to their clients like never before.

Features

The features are too numerous to list here. Clearly laid out. Easy to understand. Quick to learn. The Gap Analysis calculator will sure to be popular with financial planners everywhere. Highlighting a few items that are certain to be popular:

• FERS/CSRS retirement plan calculations, including TSP, FEGLI illustrations, Catch-62. etc. (This calculator was developed in cooperation with Snow-Cap Inc., the leading educator of Federal benefits for both Federal employees and financial planners).

• With over 300 pension plans (including both defined contribution and defined benefit plans with the various options of the db plans) the calculator has a lot going for itself already. Additionally, defined contribution plans may easily be added to the software. (If you have a special situation, contact us and we will add it to the software for you for a small fee).

• Income needs during retirement may be the typical percent of income but also the percent of income may be tiered, allowing for modeling closer to what typically occurs--decreasing needs as a client (and optionally, the spouse) agree.

• Other sources of income, including retirement investments, part-time work, annuities and lump-sum values (such as life insurance) are easily taken into consideration in analyzing the retirement needs.

• Special distributions during retirement (such as special vacations), or the effects of a long-term care (LTC) and/or catastrophic event may easily be illustrated.

• View your client's retirement income source and compare it to their income needs--thereby showing their savings gap.

• Other charts and grids provide precise information in various layouts allow viewing the calculations in differing ways, allowing your client's to visualize it in terms that they understand.

Don't just read about what it can do--download a free 10 day demo now--and see why other financial advisors are excited about TRAK-Gap Analysis.

See a comparison between the features in TRAK's Quick Gap and TRAK-Gap Analysis by clicking here.