Financial Planning Applications
Here are links to some of the major commercial financial planning applications available.
If you are not a retirement planning professional and need only to make some rough estimates about a client’s retirement planning situation, there are retirement planning calculators that you can use instead of a financial calculator or a spreadsheet. Click here to access a list of them.
DISCLAIMER: All calculators and aids mentioned are intended to be used solely as examples and for educational purposes within this course. Their mention here does not imply a recommendation to use them in client interactions. Always consult with your firm or company to identify approved tools for client use.
Life expectancy is used in the retirement planning analysis.
Life Expectancy Calculators
You can use these life expectancy calculators to discuss the topic with prospective and existing clients.
Inflation assumptions are used in retirement planning and life insurance planning.
Information on Historical Inflation
You can use this information to discuss inflation and select an appropriate inflation rate for a prospective or existing client’s planning assumptions.
Information on Inflation During Retirement
The traditional assumption on inflation in retirement is that a retiree’s spending increases with inflation. Some research indicates this assumption may not be true. Below are some papers and articles that provide insight into this view.