Overview
By modeling employment and other incomes today and throughout retirement, PlantechHub provides insight into decisions regarding employment changes, creates and analyzes guaranteed income through annuities and pensions, and estimates Social Security. This insight helps the client examine the impact of decisions on their cash flow, savings, and coverage of expenses before and after retirement. One key feature to consider when income planning is the impact of future employment especially for younger clients. The Employment Income data gathering process includes age based changes to allow for substantive changes to employment income as aspects of the client’s career change.
Employment Estimator
Employment Estimator
Employment Estimator
The Employment Estimator provides an at a glance view of a client's employment paycheck information and displays the impact of election and withholding decisions on take home pay. This includes a view of the current employment income, elections (HSA/FSA elections, employer sponsored plan additions), withholding, and estimated taxes.
Guaranteed Income
Employment Estimator
Employment Estimator
Annuity modeling for guaranteed income analysis offers annuitization, guaranteed withdrawal benefits, and direct distribution of the annuity over time. Plan results provide metrics, and graphs to support conversations around paying for goals and expenses with guaranteed income such as pensions and annuities.
Social Security
Actions and What If Considerations
Actions and What If Considerations
Social Security estimates are based on the current and future employment income provided in the plan. Estimates are impacted by employment, spousal benefit comparisons, and changes at death. The specific benefit amount can also be provided if the client has a more unique scenario.
Actions and What If Considerations
Actions and What If Considerations
Actions and What If Considerations
Actions allow adding new incomes and annuities to the plan or changing existing ones by scenario. What if Considerations allow stress testing of income sources such as the reduction of Social Security and pensions by stressors outside of the client’s control or temporarily leaving employment prior to retirement.