What Makes RetireWare Different from Other Products

Question:

I am looking at getting a planning software that helps calculate retirement but also shows clients their net worth. Why would I use RetireWare rather than other products? Which version would you suggest I use?

Answer:

RetireWare is unique in the following ways:

1. Focus on long-term planning: this product is to plan the financial aspect of retirement.
2. Sophisticated mathematics: detailed projections of assets and income, accurate income tax calculations, Monte Carlo simulation, odds of success, risk management (assessment of post-retirement risks such as longevity, inflation, market returns, sequence of returns, long-term care needs, etc.).
3. Five components: detailed retirement, quick retirement calculation, investor profile, budget and net worth.
4. Data entry: easy and quick data entry, organized logically using a clean tab interface.
5. SaaS: web-based software as-a-service.
6. Collaborative: you can provide account access to your clients. They get a simplified version and can view their plan online and enter their own data.
7. Engagement: although you can generate reports with RetireWare, it's more engaging for users to access their account and see their plan online. 
8. Easy to update: by regularly updating (using a quick update wizard), you can keep the plan fresh and provide a road map to retirement to your clients.
9. Social media: links to allow users to "spread the word" about you on their social networks.
10. News: you can broadcast messages or news to your user group (such as market commentary, current events, upcoming seminar, reminders, etc.) that they'll see when they login to their account.
11. Customization: when your users login, they'll view your profile that can be customized with your logo and colour scheme.
12. Design: clean design and user interface (see our tutorials: http://www.youtube.com/user/retireware).
13. Results: detailed results with numerous charts and tables.
14. Dashboard: once you do a plan, you get a dashboard view of the results.
15. Other tools: over a dozen other stand-alone calculators.
16. Help: comprehensive help and product support blog.
17. Canadian-based: federal and provincial income tax, RRSP, TFSA, jurisdiction-specific LIF, pensions, etc.
18. Data security: no possibility of data loss or breach on local PC; the data is stored securely in our encrypted database.

If the collaborative features are something you would use, then I would recommend the Professional Collaborative version, otherwise the Professional version that gives you 50 files, but no collaborative features.

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Written by RetireWare / Equisoft