14 DAY TRIAL // Finance Logix has introduced an interactive retirement planning application for iPhone called Retire Logix. The app has been designed with touch screen navigation in mind offering a forecast of an individual’s retirement situation through innovative sliders and charts.
Users of Retire Logix can easily change assumptions, including annual retirement spending, retirement age, social security contributions, asset values, inflation and other inputs via the “Money Capsule” visual display and “Retirement Timeline” charts.
These create a simple retirement projection displayed dynamically.
“As individual investors increasingly are using mobile devices and touch-screen technology for their everyday interactions, creating native financial planning applications for the iPhone will help them simply and easily plan for their financial futures,” said Oleg Tishkevich, CEO and founder of Finance Logix.
“As a nation, we are not prepared for retirement,” Tishkevich added.
“To help solve this major issue, we believe that mobile technology can help communicate in a simple way how financial planning concepts can help people prepare for retirement and encourage them to work with financial planning professionals to take ownership of their financial future,” the CEO noted.
Available as a free download from the iTunes App Store, Retire Logix is free to use for current Finance Logix financial advisor clients.
The app requires iOS 4.2 or later, and works with iPhone, iPod touch and iPad.
Finance Logix said that institutions and advisors working side by side with the company would be able to make the application available to their individual clients.
Any data that the investor inputs into the application can be uploaded into the Finance Logix client portal.
Finance Logix strongly believes that the ability to empower clients with innovative financial planning tools will help advisors better manage their relationships.
A video demonstration of the app can be found at http://www.youtube.com/retirelogix.