About PlanMode - Financial Planning
COMPREHENSIVE PERSONAL FINANCIAL & RETIREMENT PLANNING This app provides you with a powerful tool for financial analysis needed to answer questions like- • How does my projected financial profile look? • Should I
COMPREHENSIVE PERSONAL FINANCIAL & RETIREMENT PLANNING
This app provides you with a powerful tool for financial analysis needed to answer questions like-
• How does my projected financial profile look?
• Should I start taking Social Security benefits at age 66 or wait for larger payments at age 70?
• When will I have enough capital to retire on my terms?
• What will be the bottom line impact of a new investment?
• Is buying a house is better for me than continuing to rent?
• Is my family protected for their needs if I am disabled or die?
PlanMode can help you analyze these and other situations. It is easy to use and its usage is limitless; you could use it to analyze almost any financial scenario which impacts just in the current year or many years to come.
KEY FEATURES
This app can-
• Prepare complete financial profiles, including-
- Current & projected income and expenses
- Bank accounts
- Retirement accounts
- Business & Investments
- Stocks & Bonds
- Insurance policies
- Real estate
- Mortgages & loans
- Cash management simulation
- Social security
- Income taxes
• Compare financial alternatives
- Unlimited what-if scenarios
• Prepare retirement profile automatically
- Determine lifelong capital needs
- Analyze liquid capital sufficiency
- Alternatives to fill capital shortfall
• Prepare disability profiles automatically
- Analyze cash flow sufficiency
- Alternatives to fill cash shortfall
• Prepare death profiles automatically
- Determine survivor’s capital needs
- Analyze income sufficiency
- Alternatives to fill capital gap
REPORTS & CHARTS
A complete set of financial statements is available for each scenario. PlanMode provides you with comprehensive analysis of retirement and other scenarios for lifetime capital needs and the capital available for its fulfillment. When capital resources are not sufficient PlanMode provides suggestive courses of action that may fill the shortcoming. The following reports are available for each profile scenario-
• Financial Profile Birdseye view
• Retirement Profile Birdseye view
• Income Statement
• Balance Sheet
• Cashflow Statement
• Supporting Information
• Capital Needs Analysis
• Pie charts for annual snapshots
• Line charts projecting full profile
All charts and graphs dynamically respond to your data.
COMPREHENSIVE PLANNING APP
PlanMode includes a number of features that can be found in high-end financial planning systems, such as-
• Profiles for singles and married spouses
• Planning span of up to 100 years
• Retirement profile and analysis
• Disability profile and analysis
• Survivor’s profile and analysis
• Automatic cash management simulation
• Detailed annual cash flow analysis
• Personalized data input items
• Customizable financial statements
• Ample graphs & charts for quick overview
• Scenario comparison for what-if analysis
• Export data to ExecPlan or Express
• Definable national & local income taxes
• Built-in USA income taxes
• Predefined product structures for-
• Individual Retirement Accounts
• Company Retirement Plans (401k)
• Self-employed Retirement Plans
• Mortgages
• Life Insurance
• Fixed & Variable Annuities
• Charitable Annuities
• Reverse Mortgages
WORLDWIDE INCOME TAXES
USA
US individual income tax computations are built-in and applied as applicable. State and local taxes can also be defined via built-in templates.
NON-USA
Non-USA individuals can turn the USA option off and activate a generalized version that allows you to define how income tax should be computed for national & local levels.
ABOUT US
Sawhney has been developing & supporting professional financial systems for over four decades. Our application, ExecPlan was the first commercially available such software in USA in 1976.
Previous Versions
Here you can find the changelog of PlanMode - Financial Planning since it was posted on our website on 2017-01-03 23:22:40.
The latest version is 5.5 and it was updated on 2024-04-23 08:47:53. See below the changes in each version.
PlanMode - Financial Planning version 5.5
Updated At: 2024-01-07
Changes: Highlights of this version include-
• Enhanced projected financial profile
• Enhanced ability to compare financial alternatives
• New options at startup to explore app features with sample tutorials
• Expanded data input capability for variable annual values
• USA income taxes updated for 2024
PlanMode - Financial Planning version 5.4
Updated At: 2023-08-20
Changes: Highlights of this version include-
• New options at startup to explore app features with sample tutorials
• Enhanced ability to compare financial alternatives
• Expanded data input capability for variable annual values
• Enhanced projected financial profile
PlanMode - Financial Planning version 2.8
Updated At: 2021-09-16
Changes: High-impact graphic presentations added while maintaining existing displays and reports. It includes-
. Multiple presentations to view a plan from different perspectives
i. Retirement perspective with a Level-of-Preparedness gauge
ii. Birdseye view of the entire planning span
iii. Numeric perspective
. All graphs enlarge when tapped and can be set as the default view
. All reports and graphs can be emailed as PDFs
. New enhanced numeric keypad for quick input
PlanMode - Financial Planning version 2.7
Updated At: 2021-07-26
Changes: Enhanced formats for financial projections and high-impact graphic presentations . It includes-
. Multiple presentations to view a plan from different perspectives
i. Retirement perspective with a Level-of-Preparedness gauge
ii. Birdseye view of the entire planning span
iii. Numeric perspective
. All graphs enlarge when tapped and can be set as the default view
. All reports and graphs can be emailed as PDFs
. Data input expanded to account for post-retirement business income
PlanMode - Financial Planning version 2.5
Updated At: 2021-04-20
Changes: Enhanced formats for financial projections and high-impact graphic presentations added while maintaining existing displays and reports. It includes-
. Multiple presentations to view a plan from different perspectives
i. Retirement perspective with a Level-of-Preparedness gauge
ii. Birdseye view of the entire planning span
iii. Numeric perspective
. All graphs enlarge when tapped and can be set as the default view & emailed as PDFs
. For USA users app is updated for 2021 US taxes
PlanMode - Financial Planning version 2.2
Updated At: 2021-02-26
Changes: New high-impact graphic presentations added while maintaining all existing displays and reports. It includes-
. Multiple presentations to view a plan from different perspectives
i. Retirement perspective with a Level-of-Preparedness gauge
ii. Birdseye view of the entire planning span
iii. Numeric perspective
. All graphs enlarge when tapped and can be set as the default view & emailed as PDFs
. For USA users app is updated for 2021 US income taxes
PlanMode - Financial Planning version 2.1
Updated At: 2021-02-15
Changes: Substantially enhanced version with new high-impact presentations while maintaining all existing displays and reports. It includes-
. Multiple presentations to view a plan from different perspectives
i. Retirement perspective with a Level-of-Preparedness gauge
ii. Birdseye view of the entire planning span
iii. Numeric perspective
. All graphs enlarge when tapped and can be set as the default view & emailed as PDFs
. For USA users app is updated for 2021 US income taxes
PlanMode - Financial Planning version 1.49
Updated At: 2020-12-22
Changes: This update includes-
. Modified data entry for advanced items. New 1-step entry on enhanced input panel
. Ability to retrieve last saved plan while in Quick Plan Startup menu
. Modified main result display. Default view now displays two profiles: First Year of the plan and the Year Prior to first Retirement Year. It can be changed in Settings
PlanMode - Financial Planning version 1.48
Updated At: 2020-11-13
Changes: This update includes-
. Modified data entry for advanced items. New 1-step entry on enhanced input panel
. Tax update for USA 2020 income tax. Income taxes for other Countries and States can be approximated with the built-in templates
. Ability to retrieve last saved plan while in Quick Plan Startup menu
. Modified main result display. Default view now displays two profiles: First Year of the plan and the Year Prior to first Retirement Year. It can be changed in Settings
PlanMode - Financial Planning version 1.45
Updated At: 2020-01-16
Changes: This update includes-
. Tax update for USA 2020 income tax. Income taxes for other Countries and States can be approximated with the built-in templates
. Ability to retrieve last saved plan while in Quick Plan Startup menu
. Modified main result display. Default view now displays two profiles: First Year of the plan and the Year Prior to first Retirement Year. It can be changed in Settings
