The Retirement Analysis Kit

The Retirement Analysis Kit (TRAK) is retirement planning software designed to assist advisors in engaging and motivating clients towards retirement readiness. According to the vendor, TRAK offers clear and transparent analyses for various retirement strategies. It caters to financial advisors, retirement advisors, 401(k) advisors, 403(b) advisors, and federal retirement advisors across different industries.

Key Features

TRAK Retirement Planning Software: The vendor claims that TRAK is an innovative retirement software aimed at helping advisors engage and motivate clients towards retirement readiness by providing clear and transparent answers and analyses for common retirement strategies.

401(k) Solutions: According to the vendor, this feature aims to engage participants through personalized education that motivates them to take action. It also provides comprehensive one-on-one retirement planning for 401(k) participants.

403(b) / 457 Solutions: The vendor states that this feature calculates pension benefits, survivor options, and pension maximization for 403(b) and 457 plans. It also illustrates savings strategies specific to 403(b) and 457 plans as part of a holistic retirement plan.

Federal Retirement Planning Solutions: According to the vendor, this feature includes all-inclusive federal benefits calculations, covering FERS, CSRS, and CSRS Offset. It also integrates TSP (Thrift Savings Plan), FEGLI, and Federal Long-term Care.

Participant Gap Report: The vendor claims that this feature provides a rapid and visual analysis of a client's retirement needs, considering their retirement plan, Social Security, and additional assets and incomes.

Contribution Analysis Report: According to the vendor, this feature helps participants understand the impact of increasing their contributions on take-home pay and retirement goals.

Paycheck Analysis: The vendor states that this feature recreates a client's paycheck to illustrate how increasing 403(b) or 457 contributions will affect take-home pay.

Batch Processing: According to the vendor, this feature allows advisors to generate meaningful reports quickly, illustrating participants' contributions and their impact on retirement readiness.

Roth Conversion: The vendor claims that this feature illustrates how a Roth conversion affects clients' current and future retirement savings.

Split Annuity: According to the vendor, this feature calculates the income that can be generated from a lump sum value through a split annuity.