SunGard has released MyRetirement, an analytic tool that helps advisors answer the question many clients ask: “How much can I safely spend during retirement?”
“MyRetirement helps advisors clearly communicate the tradeoffs between clients’ chosen investments, establish confidence levels in meeting retirement goals, and determine a safe withdrawal rate to sustain clients’ standards of living throughout their retirement years,” SunGard said in a release.
A web-based component of SunGard’s WealthStation Financial Planning, MyRetirement “combines probability tools with Monte Carlo analyses to illustrate annual withdrawal rates from multiple model portfolios at different probabilities of success.”
The tool presents the information in chart and table formats to help clients better understand:
- Pre-retirement and retirement portfolios
- Retirement cash flow
- Projected assets at retirement
- Asset conversion to retirement income
- Retirement budget, retirement income, and current net income comparisons
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