News
NaviPlan simplifies retirement and estate planning
Dave McClure's latest software review for WebCPA.com, called Evolution, Not Revolution, In Estate/Retirement Planning, describes how NaviPlan is removing some of the complicated aspects of retirement and estate planning.
"NaviPlan allows advisors to complete a Financial Assessment in minutes, is flexible enough to meet the needs of a wide range of clients, and is scalable through its application service provider platform."
According to McClure, the Baby Boomer generation is influencing some of the planning tactics employed by advisors. This generation is less responsive to complex reports, and is more interested in simple processes that enable them to participate either with their advisor or in the comfort of their homes via the Internet.
In response, the latest version of NaviPlan is offering easier means of creating and displaying scenarios, and more client-friendly action-oriented reporting tools.
Significant enhancements to the NaviPlan product line in v10.1 include:
- NaviPlan Extended has been simplified to include the pre-planning Financial Assessment level plus 2 analysis levels, which dramatically reduces data entry
- Both NaviPlan Standard and NaviPlan Extended are now available on the NaviPlan Central ASP platform
- Pre-set scenarios facilitate sophisticated retirement distribution planning and side-by-side What-if comparisons both onscreen and in printed reports
- Retirement distribution scenarios can be augmented with system-generated strategies that automatically calculate 100 percent coverage for any goal
- A new Retirement Distribution Summary client report helps advisors educate clients at or nearing retirement about savings strategies and potential risks
Writes McClure : "The newly released Version 10.1 offers a number of improvements to [NaviPlan Standard, NaviPlan Extended, and the NaviPlan Central platform], including an emphasis on retirement distribution scenarios aimed at meeting increasing demand from retirees.
"From simple goal setting and What-if scenarios to stock option modeling and business planning, NaviPlan offers a very flexible and scalable solution that keeps pace with the ever-evolving needs of the accounting industry."
Read the full review at WebCPA.com.
