· The 2010 Edition is now available. Avoid imitations. Click here to order.
· MOST RECENT UPDATE:
The latest edition is the May 24, 2010 version.
If
you already have a paid 2010
edition and want to upgrade, send
me a message with your name and email address and
that you want the update.
New Features for the 2010
e Edition (May 24/2010):1. You can now save and print your own regulatory advisor information on the cover page.
2. An error message -that occurs when downsizing your home and have no existing mortgage- has been fixed.
3. If you have the April 4th version, you can use the same scenario file, otherwise you need to import the scenario files.
New Features for the 2010d Edition (April 4/2010):
1. A
new section has been added to the Cash Flow page. You can now enter your
“Home” (primary residence) information such as market value, mortgage info
etc. Then you can ask the ORC to analyze the effects of A. downsizing your home,
B. renting part of your home, C. selling your home and moving to a rental unit,
or D. any combination of A, B, or C. You
can also click on the “optimize” button for ORC to optimize the
“stop-loss” selling of your home and moving to rental unit for maximum
lifelong income.
2. Mortality:
The life insurance “needs analysis” calculations have been enhanced and
improved. It now accounts for the “worst” and “unlucky” outcomes (your
choosing), include your home as part of your net remaining assets amd also
automatically include any mortgage liabilities on your home
3. The
Zone analysis chart has been improved to clearly indicate a description of the
zones. The calculation also includes any existing variable annuities that you
might have entered on the VA page
New Features for the 2010c Edition:
1. The User Guide now includes input information forms as well as a step-by-step guide to preparing a retirement plan.
2. Risk Profile: A new page added to show the short term and long term outcomes using three different asset mixes. This can help you select a suitable asset mix that you can tolerate the volatility in the short term, while keeping in focus the long term outcome. It can create a dialogue with your client as to what asset mix can work for best for various scenarios (worst case, unlucky, median and lucky). Since everything is based on client's actual aftcast, you may not decide to discard using the dim-witted risk questionnaires.
3. On the mortality table, when calculating the support required for survivors, the amounts were indexed to 3% annually. Now, you can now enter your own indexation percentage between 0% and 5%.
New Features for the 2010 Edition:
1. Emergency Funds Required: This is a new feature on the "Cash Flow" page. It gives you an estimate of how much emergency funds you might need to set aside.
2. Mortality Risk: This new page calculates how much insurance you need, age by age, based on your estate, liability, support and retirement shortfall needs.
3. Morbidity Risk: This new page calculates how disability and long term care can affect your retirement finances.
4. I added a new chart to the Chart2 page. It shows inflation adjusted unlucky income.
Also, the charts on this page now depict the total required income (as opposed to only the income from portfolio, VA and life annuities in the previous editions).