ndsTool™, Income Needs Calculator

This is the successor to the original DOS MPlan (the name MPlan and M-Plan now belong to the Mobius Group) program that has been used by financial planners since 1984. This version only deals with income needs - typically retirement and educational needs. 

ndsTool is a income needs analysis program designed to assist you in helping your clients meet their objectives. This program looks at income, expense, assets and liabilities. You enter current cash flow and expenses, assets, liabilities and insurance policies and ndsTool will calculate the shortage or surplus.

This program differs from many other programs (including the original MPlan Retirement Needs Analysis) in how it looks at your client's objectives and planning possibilities. Many program ask "How much do you need to save to meet your retirement objectives?" While the question is right, it assumes that the additional savings requirement can be met by spending additional dollars.

Questions:

Where will the additional income come from?
What expenses have to reallocated?
What about educational expenses?
How will educational expenses impact your client's retirement plan.

The ndsTool analysis is summarized on a one-page report (one of about 20 reports that you can request together or separately) which spans the period beginning today and ending with the death of your client or client's spouse, whichever is designated to survive the longest.

During this planning period, income is balanced against expense. If income exceeds expense, the surplus is credited to savings. If planned expenses exceed income, withdrawals are made from asset accounts to meet required income needs. If assets are insufficient, the program will identify the amount of any shortage including the additional amount (increased savings or decreased expense) required.

The basis of the ndsTool program is that any estimated shortage may be overcome only by using a combination of four possibilities:

a) increasing the planned retirement age;
b) increasing the average rate of return on investments;
c) increasing current income and and allocating the increase to savings; or
d) decreasing current expense and allocating the decrease to savings.

Asset entries include: Taxable / Tax-Free /Tax-Deferred / Tax-Qualified / Roth IRA -- Each asset is assigned its own tax bracket, appreciation rate and income rate of return.

Income categories include: Taxable / Tax-Free / Subject to FICA Tax -- In addition each income  item entered has a start date & stop date and inflation rate. Payments are always entered as modal.

Expense entries include: Start date & stop date, modal payment and inflation rate. College expenses are really a function of retirement planning and are merely entered as an expense to begin and end like all other expenses.

Asset Allocation entries include: Enter five major assets allocation codes. Each major code may contain up to four sub-codes. These codes may differ for each client.

For information and complete description, download the BETA (test) demo version (after September 15, 1998).

The demo will give you 60 days to discover the possibilities of ndsTool. There are several sample files to help you get started. You are not however limited to merely using the sample data. Merely press the NEW Button and enter your own information.

ndsTool is priced at...

$200 for New Users
$125 for Registered Owners of our Combo 2 or Combo 3 packages