Golden Years provides detailed yearly distribution and tax analysis for the retirement years. Golden Years helps you counsel your retired or pre-retired clients about cash flow, distribution and tax implications. It focuses on income, expenses, asset growth, disbursements, and taxes.
Cash-flow-based projections are ideal for complex client situations, including clients with high wealth or complicated taxes, or whenever tracking all the details of cash flow are important for a highly thorough analysis.
By carefully analyzing the clients' cash flow income sources and expenses including taxes, the projection illustrates the impact cash flow shortages and surpluses have on the clients' assets. Detail how the clients' assets change over time due to account earnings, additions (from scheduled additions or cash flow surpluses), and withdrawals (from scheduled withdrawals, RMDs or cash flow shortages). The result is an illustration of the amount of capital available at any time, the amount of funds used for the clients’ retirement, and how long the funds last.
TOTAL's cash-flow-based reports capture all the details of a client's financial situation by tracking year-by-year cash-flow projections. Cash-flow-based projections are ideal for complex situations, including clients with high wealth or complicated taxes, or whenever tracking all the details of cash flow are important for a highly thorough analysis. Learn about the key assumptions used in goal-based planning and cash-flow-based planning.