PlanMode Financial Planning 5.0

PlanMode is a comprehensive financial planning app developed by the creators of ExecPlan, the first commercial financial and tax planning software in the USA. It is designed for individuals seeking personalized financial planning solutions.

With PlanMode, you have access to a powerful tool that can help you answer important financial questions such as projecting your financial profile, making decisions about Social Security benefits, planning for retirement, evaluating the impact of investments, assessing the benefits of buying a house versus renting, and ensuring your family's financial protection in case of disability or death. The app is easy to use and offers limitless possibilities for analyzing various financial scenarios.

Key Features

PlanMode offers the following features:

• Complete financial profile preparation, including income and expenses, bank accounts, retirement accounts, business and investments, stocks and bonds, insurance policies, real estate, mortgages and loans, cash management simulations, social security, and income taxes.
• Unlimited what-if scenarios for comparing financial alternatives.
• Automatic preparation of retirement profiles to determine lifelong capital needs, analyze liquid capital sufficiency, and explore alternatives to fill capital shortfalls.
• Automatic preparation of disability profiles to analyze cash flow sufficiency and explore alternatives to fill cash shortfalls.
• Automatic preparation of death profiles to determine survivor's capital needs, analyze income sufficiency, and explore alternatives to fill capital gaps.

Reports & Charts

PlanMode provides comprehensive reports and charts for each scenario:

• Income Statement
• Balance Sheet
• Cashflow Statement
• Supporting Information
• Capital Needs Analysis
• 8 pie charts providing profile snapshots in any year
• 8 line graphs providing an overall snapshot of the profile

All charts and graphs dynamically respond to your data, providing visual representations of your financial situation.

PlanMode is a comprehensive financial planning tool that includes advanced features found in high-end financial planning systems. It caters to the needs of singles and married couples, allows planning for up to 100 years, provides retirement, disability, and survivor's profiles and analyses, offers automatic cash management simulations, detailed annual cash flow analysis, personalized data input items, customizable financial statements, and ample graphs and charts for quick overviews.

The app also offers scenario comparison for what-if analysis, the ability to export data to ExecPlan or Express software, definable national and local income taxes (including built-in USA income taxes), and predefined product structures for various financial instruments such as retirement accounts, mortgages, life insurance, annuities, and reverse mortgages.

Worldwide Income Taxes

For users in the USA, PlanMode includes built-in US individual income tax computations. State and local taxes can also be defined using built-in templates.

For non-USA users, the app provides a generalized income tax computation option that allows you to define how income taxes should be computed at national and local levels.