Bob French

Recent Posts

Understanding inStream's Shortfall Analysis

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Using inStream's Document Management System

inStream has a built-in document management feature that allows you to save, upload, store, view and download documents and files that are relevant to your clients.  With this document management feature, you can keep a timeline of documents relating to your client.

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How to Talk to Clients about Monte Carlo Analysis

Talking to clients about a Monte Carlo analysis can be tough. Most clients, and frankly a lot of advisors, don’t really understand what the results actually mean. While it helps to understand the nitty-gritty aspects of the math, the basics are pretty easy to understand. Plus, if you find yourself talking to a client about the distribution curve you use to generate your returns, you’ve lost most clients.

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Why does inStream use Monte Carlo Analysis?

Monte Carlo analysis is a club, not a scalpel. It is an imprecise tool. That’s the good news. We don’t know what the future will hold, and we need an analytical method that recognizes that. The bad news is that it’s harder to talk about with clients. So how does Monte Carlo analysis help financial planning software account for uncertainty, and how do you talk about it with clients?

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When To Use a Safe Savings Rate Plan

Safe Savings Rate plans are great for clients that are saving to meet a future goal - especially if those savings to represent a good chunk of the money that will fund that goal. In other words, Safe Savings Rate plans are for folks who are in the accumulation phase, and not the decumulation phase of their lives.

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What is a Safe Savings Rate Plan?

Safe Savings Rate plans are a new type of financial plan that focuses on two crucial issues: how much should your clients save, and how will your distributions change over time. Planning should focus on what we can actually control, and also recognize the realities of how distributions move through time.

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Find Out How Much Your Clients Should Save with inStream's Safe Savings Rate Plan

inStream’s Safe Savings Rate Plan solves the most fundamental question for most clients – how much do I need to save? For younger clients, this is the factor that determines if they will meet their goals. If they save enough, a lot of problems simply go away, but if they don’t save enough, the money simply is not there. Aside from helping clients focus on what they can actually control, the Safe Savings Rate plan is designed to help advisors contextualize planning for their clients, and incorporate the dynamic nature of distributions.

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Pre-Retirement Income in inStream

The goal of inStream’s planning methodology is to make sure that your clients are on track – not to be a financial ledger. To do this, inStream focuses on the larger picture of your client’s situation, and accumulation phase day-to-day living expenses generally are not part of that. This means that we generally do not recommend including accumulation phase income or living expense goals in a Goals Based Plan. What actually matters in the accumulation phase is, well, the client’s accumulation – how much they are saving. We model your client’s planned savings through contributions made to specific accounts. inStream doesn’t care how your client is able to save the money they do, just that it gets into the portfolio. To see how to set up account contributions – see here.

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