Las Vegas, October 20, 2005 - Impact Technologies Group, Inc. (Impact), a provider of financial sales software
for the banking, capital markets, and insurance industries, today launched Retirement Road Map, an innovative
sales system that offers financial advisors a complete planning solution for the baby boomer marketplace.
The product focuses specifically on retirement distribution planning by helping advisors develop a sound
financial plan based upon assets and income their clients will have through their retirement years. The
announcement was made during Impact's fall user group event in Las Vegas.
Retirement Road Map provides a complete marketing program for advisors to create a custom retirement distribution plan for their clients. The product analyzes a client's needs, income and assets and assists advisors in determining appropriate policies, annuities and other planning options.
Retirement Road Map also includes a detailed consumer brochure designed to help advisors market their services. "The brochure shows how concerns shift during retirement-planning for retirement is very different than planning during retirement," said Maxey Sanderson, vice president, product development, Impact. "Decisions at the start of retirement impact an overall financial plan for the balance of the client's life."
The software is designed to help baby boomers answer questions such as, 'Do I have enough money to retire? Will I run out of money? How do I map out a retirement strategy? How will I know if I am staying on track?' It is one of the first products available that helps advisors focus on the boomer marketplace and distribution planning, which is growing at an astonishing rate.
Calculating retirement resources is particularly challenging, as some information is provided as monthly income at retirement, and other information is in terms of investment or asset values today. Retirement Road Map calculates known retirement incomes, social security, pensions, annuities, etc., compares that to the retirement needs, and then calculates the value today necessary to make up the difference. As a result, there is a single number to compare to assets or investments. Impact makes complex calculations easy to understand so clients can make important decisions. Retirement Road Map shows a strategy for each year of retirement to assure predictable income while maximizing investments.
According to the U.S. Census Bureau, 76 million baby boomers live in the United States, making up more than a quarter of the total U.S. population. The U.S. Social Security Administration indicates the number of retirees will double in the next few years, while the number of workers paying into Social Security will drop by more than a third.
Retirement Road Map is an add-on application to Impact's web-based financial sales and collaboration platform, PlanLab®. PlanLab automates the financial sales process across an enterprise, from initial fact finding to financial plan generation, enabling financial advisors to work more efficiently with clients and close more sales. With PlanLab, advisors can assist clients in defining financial goals, collect and analyze relevant information and model planning scenarios as well as generate customized proposals.
Impact Technologies Group, Inc. (Impact) provides software and services to financial institutions in the banking, capital markets, and insurance industries. Founded in 1981, Impact provides innovative sales, communication, and planning tools that facilitate the sales process and help advisors and their customers make informed decisions by presenting complex financial concepts and calculations in a sensible format. Developed with a firm understanding of sales psychology, Impact's solutions are built on the Microsoft® .NET Framework and deliver integrated, easy-to-use technology that streamlines the financial sales process. For more information, visit www.impact-tech.com.
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Neal Stein
Inline Technology Marketing
321.253.8225
nstein@inlinetechmarketing.com