By Apps Rocket
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Retirement Dashboard, The Retirement Planning and Savings Application.
Have you ever thought you need to start planning for retirement? Or maybe you have a retirement savings plan, but don’t pay attention to it too much. Maybe you are approaching retirement and are thinking about organising the finances for the big day. Or maybe you are looking after the retirement planning for other people.
Wouldn’t it be great if you could play around with scenarios for all the cases above?
Retirement Dashboard is an innovative App, which visually shows the projected value of income from savings against required retirement income.
It also estimates the value of your savings in the future in a good, average or bad market.
Retirement Dashboard empowers you to select the probability of a good market and a bad market depending on the level of your confidence.
The easy input screen requires no training for you or your family to start to use Retirement Dashboard. And if you have any questions you can always reference the full glossary at a touch of a button.
You can save all your scenarios for future reference. All saved reports can be accesses quickly.
Retirement Dashboard has a clear report screen that enables you to view all the output of your calculations.
You can also email the report to family, friends or financial advisors at a touch of a button.
Retirement Dashboard is very easy to use and with great look and feel, it helps you start your retirement planning.
Retirement Dashboard has the following features:
-2 x Graphical Charts
-Text result Report View
-Projected Future Value of Retirement Savings
-Calculate Desired Income at Retirement
-View the likely value of your investment in a good or bad market
-Selection of investment style types
-Ability to choose good and bad market confidence levels
-Easy and Intuitive Data Input
-Save your Retirement Reports
-Open your Saved Reports
-Email Your Results
-Automatic Currency Support (the currency will change with the device’s International settings)
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What's New in Version 1.4
- iOS 5.1 Update
Don't Spend Your Money!
As I approach retirement age, I have been exploring a number of apps and calculators to make me feel better about my retirement income. This is nearly the most expensive and it is the least useful. It is overly simplistic and has no ability to account for pension, social security, or any of the other significant variables that impact retirement. Save yourself $5 and don't purchase this app!
Do not recommend
I would get RetirePlan instead. This one is good in many respects but has one fatal flaw.
Ability to customize investment returns based on risk factors.
Shows ranges of outcomes and probabilities.
The fatal flaw:
The amount needed for retirement is a simple and inaccurate 20x the desired income (then adjusts for inflation). In other words it assumes 5% withdrawals per year. The amount needed should vary based on retirement age.