New Income Solver Solution Proves Flaws in Retirement Advice

LEAWOOD, Kan., May 18, 2016 /PRNewswire-iReach/ -- Innovator and industry disruptor Retiree Inc. has announced the launch of Income Solver, a specialized retirement income software for financial advisors that enables them to optimize strategies for income withdrawal management, resulting in more money for clients in their golden years.

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"For years, conventional wisdom has led advisors to distribute clients' income first from taxable accounts, then from tax deferred accounts and finally from tax exempt accounts," said Retiree, Inc. founder and managing principal Bill Meyer, who is also CEO of Social Security Solutions creator of the SS Analyzer tool for professional use. "Our research has proven incontrovertibly that the status quo approach is sub-optimal. To correct this huge and important gap, we have created the Income Solver solution – which brings powerful technology and a decade of academic research to help advisors manage the right components and ultimately generate extended portfolio longevity for clients."

The research, conducted by well-known author and speaker Dr. William Reichenstein, CFA®, an endowed professor at Baylor University and head of research for Retiree Inc. and Social Security Solutions, shows that a tax-efficient withdrawal strategy, coupled with optimization of the client's Social Security income, can enable the client to keep more of their hard-earned money. Meyer calls this the "get more" amount – and says that with proper coordination the difference can be astounding.

MULTIPLE SCENARIOS TO SHOW CLIENTS

Taxes can significantly reduce savings. While portfolio structure and investment selection are important, advisors can provide clients with additional value – "advisor alpha" as many in the industry dub it – through the use of Income Solver, which marries the best practices of wealth management, tax logic, asset location, rebalancing, and Social Security optimization. 

The Income Solver software enables advisors to manipulate key variables such as:

•     Spending and withdrawal
•     Asset management parameters and investments
•     Social Security strategies
•     Income, cost and tax thresholds
•     Environment settings for taxes and capital markets

Financial professionals can:

•    Utilize charts, graphs and tables that dynamically show current and prospective clients the results of various withdrawal strategies 
•    Deliver withdrawal strategies that are tax-efficient by optimizing drawdown to marginal tax rates
•     Illustrate the impact of various phases of retirement, or one-time-events on client portfolio
•     Generate basic and advanced scenarios
•     Brand reports as well as personalize for each client.

COST EFFECTIVE WAY TO ACHIEVE ADVISOR "ALPHA"

The Income Solver software allows advisors to dynamically calculate, illustrate and present the value they bring to their clients' portfolios through:

•     Asset allocation and rebalancing
•     Asset location management
•     Withdrawal sequencing and which holdings to liquidate
•     Social Security optimization and Medicare coordination
•     Roth conversions
•     Withdrawing to dedicated tax brackets

Income Solver, which includes the industry-leading SS Analyzer tool, is available to advisors at three levels:

•   Basic – Income Solver with the basic level of SS Analyzer - $1200/year
•   Plus – Income Solver with the Plus version of SS Analyzer, including claiming strategies and diagnostics - $1550/year
•   Premier – Income Solver with the Premier version of SS Analyzer, including claiming strategy analysis and case support - $1900/year

For advisors who currently subscribe to SS Analyzer, Income Solver is available for just an additional $900/year.

ADVISOR BETA TESTERS GIVE THUMBS UP

Advisors who have participated in the beta test of the application say they have been able to significantly increase the longevity of clients' portfolios compared with available financial planning software.

"Income Solver fills a critical gap not provided by current software."  Bill Martin, CFA®, Chief Investment Officer at INTRUST Wealth and Retirement, a multi-billion dollar advisor with offices throughout the Midwest.

WEBINAR OPPORTUNITY AND VIDEO FROM BILL MEYER

For a short overview of the new Income Solver solution, watch this video interview with Bill Meyer:  

https://vimeo.com/165633982

Financial professionals interested in learning more about effective use of Income Solver can attend a free webinar with Retiree, Inc. CEO Bill Meyer on:

•     Wednesday, May 25^th, at 1:00 p.m. EST
•     Register at: https://attendee.gotowebinar.com/register/3334702593225769986
   

ABOUT BILL MEYER AND TEAM

Bill Meyer is the founder and managing principal of Retiree, Inc. and CEO of Social Security Solutions. The firms deliver software for developing Social Security claiming strategies as well as retirement income distribution strategies. Meyer and his team deliver advice and education about Social Security retirement benefit claiming strategies and tax-aware retirement withdrawal strategies to consumers and financial professionals. They leverage their expertise, research and technology to help financial advisors and individuals determine the best strategy for meeting their overall retirement goals. Meyer has a track record of successfully developing products and services in executive leadership roles at H&R Block, Advisor Software, and Charles Schwab. Dr. William Reichenstein, CFA®, heads up research activities; he holds the Pat and Thomas R. Powers Chair in Investment Management at Baylor University. 

To learn more about Income Solver, including the opportunity to try it free, visit www.IncomeSolver.com.

Media Contact: Leslie Swid, Impact Communications, 913-649-5009, [email protected]

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SOURCE Retiree, Inc.