COMPREHENSIVE FINANCIAL PLANNING PlanMode is provided by the developers who invented the professional financial planning software with the commercial release of the first comprehensive financial & tax planning software in USA, ExecPlan. This app is for use by individuals for personal financial planning. It provides you with a powerful planning tool for answers to questions like- • How does my projected financial profile look? • Should I start taking Social Security benefits at age 66 or wait for larger payments at age 70? • When will I have enough to retire on my terms? • What will be the bottom line impact of a new investment? • Is buying a house is better for me than continuing to rent? • Is my family protected for their needs if I am disabled or die? PlanMode can help you analyze these and other situations. It is easy to use and its usage is limitless; you could use it to analyze almost any financial scenario which impacts just in the current year or many years to come. KEY FEATURES This app can- • Prepare complete financial profiles, including- - Current & projected income and expenses - Bank accounts - Retirement accounts - Business & Investments - Stocks & Bonds - Insurance policies - Real estate - Mortgages & loans - Cash management simulation - Social security - Income taxes • Compare financial alternatives - Unlimited what-if scenarios • Prepare retirement profile automatically - Determine lifelong capital needs - Analyze liquid capital sufficiency - Alternatives to fill capital shortfall • Prepare disability profiles automatically - Analyze cash flow sufficiency - Alternatives to fill cash shortfall • Prepare death profiles automatically - Determine survivor’s capital needs - Analyze income sufficiency - Alternatives to fill capital gap REPORTS & CHARTS A complete set of financial statements is available for each scenario. PlanMode provides you with comprehensive analysis of retirement and other scenarios for lifetime capital needs and the capital available for its fulfillment. When capital resources are not sufficient PlanMode provides suggestive courses of action that may fill the shortcoming. The following reports are available for each profile scenario- • Income Statement • Balance Sheet • Cashflow Statement • Supporting Information • Capital Needs Analysis • 8 pie charts providing profile snapshots in any year • 8 line graphs providing overall snapshot of the profile All charts and graphs dynamically respond to your data. COMPREHENSIVE PlanMode includes a number of features that can be found in high-end financial planning systems, such as- • Profiles for singles and married spouses • Planning span of up to 100 years • Retirement profile and analysis • Disability profile and analysis • Survivor’s profile and analysis • Automatic cash management simulation • Detailed annual cash flow analysis • Personalized data input items • Customizable financial statements • Ample graphs & charts for quick overview • Scenario comparison for what-if analysis • Export data to ExecPlan or Express • Definable national & local income taxes • Built-in USA income taxes • Predefined product structures for- • Individual Retirement Accounts • Company Retirement Plans (401k) • Self-employed Retirement Plans • Mortgages • Life Insurance • Fixed & Variable Annuities • Charitable Annuities • Reverse Mortgages WORLDWIDE INCOME TAXES USA US individual income tax computations are built-in and applied as applicable. State and local taxes can also be defined via built-in templates. NON-USA Non-USA individuals can turn the USA option off and activate a generalized version that allows you to define how income tax should be computed for national & local levels.
A great quick tool
Fast and to the point. Nice to have on your phone.
Good app, not sure it’s worth $20 per year
The one limitation I found odd in this app was that it ask if you have dependents, but didn’t ask the ages.
A decent app for overall picture of financial plan
Would be better if it provides ability to set expiration of certain expenses, for example kid’s college expenses.
Unbelievable!
What a great app! Does 95% of what I want it to do. reports are super and so is functionality. Inputs could be expanded a git to simply allow for additional fields to input groups of stocks, bonds, and retirement funds. Otherwise the app is very well laid out.
PLEASE FIX IPAD VIEW
The app doesn’t change orientation. I prefer working with a horizontal orientation vice a vertical orientation on my iPad Pro.
Needs a little help
There are only 2 options for tax portion of their planning...married or single. No options for head of household. With so many divorced households in that category, you would think they would include that. Basic software, but helpful.
Looks good, but....
It’s not very useful, when the app gets stuck on the number screen every time i’ve used it. Even tried downloading the app again to no avail.
Highlights of this version include- • New options at startup to explore app features with sample tutorials • Enhanced ability to compare financial alternatives • Expanded data input capability for variable annual values • Enhanced projected financial profile
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