Advizr Boosts Software with Retirement Financial Planning

The firm is adding a wave of new features designed to help advisers develop holistic and simplified financial plans for their retiree client base. 

Advizr is enhancing its financial planning platform with retirement-focused components to help advisers simplify the creation of financial plans for their retiree base.

The new Retirement Income Planning set of features will allow advisers help their clients maximize their Social Security start age in consideration of other asset types and distributions. It could also demonstrate current and recommended coverage for disability, Illustrate value of retirement accounts given an event that necessitates long-term care at a chosen age, as well as proposed value of said accounts given the purchase of additional LTC insurance coverage.

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The platform will also provide one-click expense estimation for budgeting drawn directly from actual spending habits of clients. Variable, fixed and indexed annuities modeling will also be part of the enhancement. Moreover, the platform will allow for designing income distribution strategies with the ability to control the account distribution strategies for retirement goals.  

“Extending our platform’s advanced functionality to cover Social Security optimization and income distribution strategies was a natural progression,” says Hussain Zaidi, Advizr’s CEO  and co-founder. “With that, most of this functionality has always been under the hood, as our greatest focus has always been on user experience and that will never change. We are determined to help our advisers deliver more engaged financial plans, and we believe the mix of planning functionality and smart design is critical.”

ICMA-RC Publishes America Saves Web Resource

A new online resource provided by ICMA-RC seeks to help savers working for public employers evaluate and realize their long-term financial goals. 

ICMA-RC is recognizing America Saves Week, which will take place February 27 to March 4, 2017, by publishing an educational website for novice investors working for public-sector employers. 

The website (www.icmarc.org/AmericaSaves) seeks to “help public sector employees reflect on their 2017 savings and retirement goals, and learn useful tips on spending responsibly.” The site contains educational resources, including a video about savings strategies, an infographic about responsible spending, and an easy-to-use savings calculator. Additional resources include ICMA-RC’s interactive “Your Future Animated” feature and the America Saves #ImSavingFor photo contest.

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“The first few months of the year is the perfect time to evaluate one’s savings and use this opportunity to review where you are and make changes as appropriate,” suggests Alex Hannah, managing vice president, marketing and communications. “The resources we have created for America Saves Week tie in to our focus on helping public sector employees make sound financial decisions about their future.”

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