I don't often plug products, but I think that RetireEasy is offering the 'holy grail' solution that many of you have been waiting for...
...the software enables users to enter myriad combinations of assets and income including pensions, isas, and business and property interests.
The service is likely to prove popular with retired accountants, although it is simple enough for anyone to use.
Research carried out by RetireEasy.co.uk suggested 59% of men aged 50-70 take all of the financial planning responsibility in their households.
The company behind it have built in almost every conceivable “if” and “what”, enabling you to personalise your own “spreadsheet”.
If their future was financially secure, RetireEasy found the majority of people would spend more.
The RetireEasy LifePlan modeling enabled us to look ahead 15, 20 or even 40 years. It did make me feel more confident. I realized that we would be OK, that we have choices and options.
I have just had a first run through inputting my data. The program works really well - even with my iPad running off a shaky 3G connection! The user interface is clear and simple
I've been running RetireEasy for a few weeks now and have to say as a financial advisor, I am hugely impressed... entering information is easy and caters for simple financial arrangements right through to more complex ones.
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RetireEasy is the UK’s only independent retirement planning tool. LifePlan gives you an overview of all of your assets – including investments, pensions, savings, business assets and properties – and the income you will receive after liabilities such as debts, mortgages and income tax. It is not just a snapshot, but shows you how your finances will evolve throughout your retirement.
With Premium LifePlan you can model a Lifetime Mortgage, create and compare up to 10 scenarios of your financial future, radically reduce life insurance costs through a Life Assurance Premium Checker and you can print user-friendly narrative reports.
RetireEasy was established in 2011 and has helped thousands of users to understand their finances throughout retirement and adjust their plans to ensure that their money will last.