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Time & Money, LLC Announces New Cash Flow Calculator Designed to Plan the Best Use of Retirement Funds
Cash Flow Calculator Emphasizes Accurate Fund Prediction Over Retirement Investing
May 18, 2010
BOUNTIFUL, UTAH — Financial literacy service provider, Time & Money, LLC, announced today the addition of a new retirement prediction component of its Master Plan software program called the Retirement Cash Flow Calculator. The new Cash Flow module comes in response to concerns by Time & Money co-founders, Peter Jeppson and Alan Williams, about the dangerous emphasis by other financial “experts” on retirement investing over accurate retirement prediction. The Cash Flow analysis module of the Master Plan software is designed to help users predict how much money they will need in their future and helps them determine how much money to withdraw each month from various assets by understanding how many years the money within those assets will last.
“This puts the emphasis on predictability,” said Alan Williams, Time & Money, LLC co-founder and the company CEM. “Rather than pushing people to just throw money at investment products, the Cash Flow Calculator helps consumers see what their assets will be worth in the future and how long they will last. Armed with this knowledge, people are more likely to make different choices about how they will build retirement funds and where they will actually put them. Perhaps some money could go into a 401(k),” Williams continued, “but using the calculator may help future retirees see that having rental property to help fund retirement, for instance, will actually be a more reliable and long-lasting source of income well into the retirement years.”
The Retirement Cash Flow calculator can predict how long funds will last based on the following three types of assets that can be used to fund retirement:
1) Interest Only Payments: These are funds where only the asset’s interest is used for retirement. The principal providing the payment stream is not itself utilized. Examples include savings accounts and investment portfolios large enough to generate a revenue stream.
2) Fixed Monthly Amount: This is an asset or capital investment that will provide a fixed monthly amount to a retirement cash stream. Examples include rental properties, pension plans, Social Security, annuities, T-bills, bonds, etc.
3) Principal and Interest Spend Down: These are accounts where both the principal and interest are utilized as a source of retirement cash. Examples include IRAs, Roth IRAs, savings accounts, 401(k) accounts, etc.
In addition to the Cash Flow Calculator, the Master Plan software also includes a Retirement Worksheet designed to help users predict how much money, in total, they will need to have saved by the time they choose to stop working. This information, when combined with the other spending, debt, and tax-saving modules of the Master Plan software, helps users more accurately predict what their entire financial picture is going to look like, from debt elimination, to tax reduction, to retirement savings maximization.
For More Information
For more information about the Master Plan software and the Retirement Cash Flow Calculator, available through the MyMonePlan online community, contact Time & Money, LLC 1403 South 600 West, Suite A, Woods Cross, Utah 84010, www.moneymastery.com, www.mymoneyplan.net, (888) 292-1099.
Time & Money LLC is a Utah-based financial literacy services provider specializing in the financial education of individuals, families, and corporations through financial mentoring products and services. Time & Money, LLC is not licensed in Securities trading and will not give stock market buy-sell or investment advice, and no one is authorized to do so in its behalf.
