Financial advisors always need to assure themselves that investment recommendations are suitable for the client’s circumstances.
Investment institutions provide a panoply of products from which to choose. Too often, advisors rush to the investment supermarket without performing a cash flow analysis of the client’s situation. Frequently, clients are overspending and need to rein in their consumer consumption.
ProTracker Advantage® provides an easy-to-use cash flow template that readily reports the current surplus or deficit. Projected cash flows during retirement may be modeled.
One component of a retirement cash flow statement is a required minimum distribution (RMD) amount. ProTracker Advantage® has an extensive RMD calculator and tracking tool to support the advisor in preparing a cash flow analysis. Learn more about calculating RMDs.