Firm Unveils Retirement Planning Program

August 23, 2005 ( - A financial planning firm has released a new retirement readiness Web application.

A news release from said that the product offers:

  • annual updates that recognize changes to IRS/Social Security limits, laws and retirement plan structures,
  • educational material via the Web site, and
  • the monthly CompassClub newsletter with tips, ideas, resources and guidance.

To determine a user’s optimum savings path, the program first asks for annual salary, future pay hikes, current age, years of service, personal annual plan contribution, current account balance and planned retirement age.

The program also uses recommended defaults of:

  • Pre-age 65 assumed investment return – 8%
  • Post-age 65 assumed investment return – 6%
  • Annual plan fees and expenses – 2.25%
  • Life expectancy at age 65 – 23 years

Users can order Compass  here .