Understanding inStream's Shortfall Analysis

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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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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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