Fidelity Retirement Income Evaluator 

The Fidelity Retirement Income Evaluator^sm is a sophisticated Web-based planning tool designed to help advisors create and manage retirement income plans for their clients as well as build a more efficient and profitable retirement business model.  Through this  tool advisors can build stronger client relationships and capture a more complete picture of their clients' portfolios, including assets they manage and assets that are held-away. This functionality can help advisors build a more comprehensive plan for the client and also potentially grow their business through asset consolidation.

Depending on the complexity of a client's situation, the Fidelity Retirement Income Evaluator is flexible enough to allow advisors to create an income plan in as few as 15 minutes using default settings and estimates. Or advisors can spend additional time to build a more robust income plan by entering current and projected asset and expense information. Once client personal information is entered, advisors would begin building a retirement income plan by entering client-specific data related to their income, expenses and assets.

Once income, expenses and assets are entered, the Fidelity Retirement Income Evaluator runs at least 250 hypothetical Monte Carlo simulations to generate a printable retirement income plan report that estimates the likelihood the client will successfully cover his or her retirement expenses. Included in the plan is a year-by-year cash flow analysis, beginning at the client's expected retirement date and running through the end of the plan. The Monte Carlo simulations and the cash flow analysis allow the advisor to explore different scenarios and see the potential impact changes, such as delaying retirement or shifting asset allocation, may have on a retirement plan.

NaviPlan is an industry leading, easy-to-use financial planning program that performs fast financial assessments and has three levels of planning to meet the needs of all types of advisors.

Quickly engage clients and prospects
The Financial Assessment is a highly-effective relationship builder designed to facilitate discussion by providing instant analysis of your client's current financial situation.

Tailor recommendations to clients' needs
Three integrated planning levels, which range from simple to comprehensive, enable advisors to select the appropriate level of detail required for each plan

Get clients to take action
NaviPlan client reports serve as a roadmap to goal achievement and encourage action by showing clients each of their goals along with recommendations to achieve them.

Easy-to-use features include:

• Financial Assessment plus 3 planning levels
• Goal planning: retirement, education, major purchase, emergency fund
• Insurance analysis: survivor, disability, long-term care
• Asset allocation: user-defined or Ibbotson
• Net worth and cash flow management
• Tax calculations: income tax (average/marginal rates), estate, gift, and Generation Skipping Tax (GSTT)
• Basic estate planning
• Monte Carlo analysis
• Intuitive retirement distribution planning features and report
• Side-by-side 'what-if' comparisons and illustrations
• Planning Assistant™ identifies potential problems and opportunities
• Education database for college-specific expense calculations
• Professional reports and illustrations
• Supports planning for non-traditional (unmarried) couples
• Data import capabilities
• Plans can be promoted to NaviPlan Extended to do detailed cash flow-based analysis, advanced estate planning, small business planning, and stock option modeling
• Compatible with NaviPlan Central, a hosted (ASP) platform with a centralized database and compliance tools

Click here to view a comprehensive sample report