Overview

A Sales System that Helps Advisors Chart Retirement Courses for Baby Boomers

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.

• Analyzes a client's needs, income and assets
• Assists advisors in determining appropriate policies, annuities and other planning options
• Also includes a detailed consumer brochure showing how concerns shift during retirement

Impact's Retirement Road Map 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.

Impact's 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.