WealthDefender's
RetirePilot offers a comprehensive and powerful enterprise class retirement
planning analytics package in iPhone app format. It allows you to enter
retirement-relevant personal information and goals, and add your current
investment allocations by asset category on the Profile page. After
launching this app, it asks the users for a few basic details such as Date of
Birth, Retirement Savings, Current Annual Income, Current Annual Spending,
Expected Retirement Age and Retirement Spending.
After the input
of all required information, you can follow two options: analyzing the current
status of your retirement savings, or get recommendations on how to optimize
the allocation to reach your retirements goals.
When you choose
the "None" option on the Optimize page and select Analyze, the app
simply quantifies the probability of successfully fulfillment of your financial
retirement expectations. If this probability of success is too low for comfort,
you can ask RetirePilot to calculate an adjustment to any of the following to
bring your probability of success up to any level you specify: Asset
Allocation, Initial Investment Balance, Pre-Retirement Income, Pre-Retirement
Spending, Retirement Spending, Retirement Income, or Retirement Age. By
selecting Analyze, you can see how these would need to be adjusted in order to
meet retirement goals.
System requirements:
- Compatible with iPhone, iPod touch, and iPad.
Requires iOS 4.2 or later.
- Internet connection is required for the apps to work.
Cost: Free
Developers’ website: http://www.levineservices.com
About Developer - Levine Services, LCC:
The principal has been designing and implementing
risk and finance optimization software solutions for over 20 years. His
expertise includes investment and portfolio optimization, risk management, trading
systems, and technology delivery. Dr. Levine has published three finance books
and is working on a fourth. He holds Doctorate of Finance, Postgraduate
Diploma, Masters of Business Administration, and Bachelor of Science Economics
degrees from University of California-Berkeley, SMC University, Baruch College,
and New York University.
