NaviPlan improves efficiency of retirement planning

Significant changes made this year to both NaviPlan Standard and NaviPlan Extended have resulted in a flexible, easy-to-use planning platform for addressing individual goals and complex scenarios.

"EISI has created a retirement and estate planning capability in a toolkit that stretches from standard planning to advanced scenarios and even to an online resource for smaller firms, all within the NaviPlan brand and updated for 2004," writes Dave McClure for the Accounting Today article called " Software Review: Clients benefit in retirement plan software war".

NaviPlan Standard is the easy-to-use goal-based planning tool for the independent or occasional planner who needs a quick tool to assess and address retirement, education and major purchase goals. Within NaviPlan Standard is the option to select a subset of the tools available so that the planner can create a plan—such as a retirement plan—in minutes.

NaviPlan Extended, which is renown in the industry for its sophisticated tax engine, is the cash flow-based planning tool for the upper 20 percent of professionals who need to address more complex scenarios such as wealth management in retirement. NaviPlan Extended rates as both flexible and comprehensive for planning tasks, using bracketed federal and state income tax rates, advanced estate planning capabilities, powerful stock option modeling, and detailed tax treatments that incorporate AMT calculations.

A healthy estate planning capability makes NaviPlan essential for the accounting firm that is dedicated to both financial planning and estate planning, writes McClure. "EISI set out to become the benchmark standard in financial planning, and has largely accomplished that goal by expanding the scope and simplicity of its integrated planning products. "