The Bloodhound LifePlan™
LifePlan™
Everyone Should Have One
LifePlan™ helps you decide how much to save toward retirement, how to invest those savings, when to retire, and how to manage your financial affairs prior to, and after, retirement.
Key Advantage: Leverage Bloodhound's easy-to-use financial planning tool to determine if your assets will last as long as you do.
Basic Information
Start With Some Basic Information
LifePlan™ will help you assemble a long-term financial plan that starts with the gathering of basic information.
Key Advantage: Easily update your analysis without having to re-enter static information.
Tax-deferred Investments
Flexibility to Specify Investment Types
Investments such as IRAs, 401(k)s, and 403(b)s can be easily specified including individual capital additions/withdrawal strategies.
Key Advantage: Easily test distribution alternatives, amounts, tax implications, order of withdrawal and other decisions involving distribution.
Non-earning Assets
Alternative Investment Classes
Non-earning assets (e.g., art, homes, cabins, automobiles, boats, and planes) can be input along with their individual growth rates. The details of thier financing can be specified. Interest expense can be flagged as qualifying for tax relief or not.
Key Advantage: Easily enter the details of acquiring or disposing of often overlooked assets.
Income & Expenses
Ability to Adjust Over Time
LifePlan™ allows you to adjust your income and expenses over time because lifestyles and needs generally do not remain constant.
Key Advantage: Set up separate, detailed schedules for you and your spouse to improve calculation accuracy.
Income Taxes
Pre-loaded Tax Tables
Bloodhound's LifePlan™ comes with pre-loaded with user editable tax tables and calculates annual tax payments based on each year's earnings and/or capital gains.
Key Advantage: Benefit from periodic tax law and 401(k) limit updates.
Cash Flow Analysis
Cash Inflows/Outflows, Capital Additions/Withdrawals, Asset Appreciatiion/Depreciation
Gain perspective through a detailed year by year analysis of cash inflows and outflows. Capital withdrawal rates are calculated as are the values of your earning and non-earning assets.
Key Advantage: Learn when you're likely to run out of money.
Sensitivity Analysis
Will Your Plan Work?
A sensitivity analysis can be automatically run on key variables to test for the impact of various assumptions on plan results. With it, you can easily see what happens if you were to work an additional few years, or change asset allocations, or save more in the years preceding retirement.
Key Advantage: View snapshot views of your plan's performance under various life style scenarios.
