A lot of advisors want to know what base assumptions our teams uses in eMoney Advisor Advanced Planning. I have taught this many time in trainings but here is it is in list form to help empower you to do more plans to empower your clients to make informed financial decisions.
Please understand these are “base” assumptions or defaults. We customize this based on clients financial situation, geopgrahic locaion, goals among other things.
An overview of our Assumptions
- Taxes
- Use 1040
- Longevity
- Age 90
- Return
- By assets
- Inflation
- 3.5%
- Planned Obsolescence
- Technology
- Disability
- 5 years out
- Long Term Care
- Age 70
- 7 years
- $48,000
- Life Insurance
- 5 years out
- Selling House
- 6% variable
- $1,500 fixed
- Social Security
- Show all assumptions and let the plan dictate it.
- Understand it
- HealthCare
- $1,500 a month for a private policy for two
- $2,000 a month for a family of four
- $500-$1,000 a month forever
- Medicare Sup, Prescription, Copays
- Medicare stop gap
- Spend Year end Cash
- Probate 1%
- Onboard client site
- Return based “by asset mix”
- Our models
- Client may view and make changes to data
- Budget worksheet
- This matches our worksheet on our website
- All reports
- If you start to pick and choose it leads to more issues
- Vault client is able to upload files
- Social Security at FRA
- Retirement 65
- Longevity 90
- No fees
Decision Center
- Every time
- Premature death
- Asset allocation
- Irregular market
- Increased Expenses
- Increase inflation
- Not Retired
- Save more
- Retire at different ages
- Social security at ages
- Debt payment strategies
- Based on Clients Needs
- Buy/sell house
- Annuity
- Disability
- Long Term Care
- Health Insurance
- Human Life Value
- Needs Analysis life Insurance
- Education dedicate vs cash flow
- Education 529
- Roth vs trad
- What if social security went away
- Debt management strategies
The Rule of 3
The Rule of 3: A test in fortitude. In life, patterns often emerge that can help you make better decisions and assess how to use
Swatting the BATS: Big Annoying Tasks
The Embarrassing Backstory A few years ago, I was sitting on the couch with my wife Amanda watching TV. Out of nowhere, a bat came
Beratung Swag
Fans of Our Brand If you have ever flown to Pittsburgh from another airport, you will notice something at your gate. At least one person
The Beratung Book Canon
Our “Canon” is the list of books we believe everyone should read. Loosely following the model set by the Bible Canon, we have broken our
Maximizing Your Reading Investment
Since my childhood, I’ve been drawn to self-help and motivational books. There’s a certain magic in the way they can reshape your thinking and open
Repetition Leads To Retention
My wife, friends and former business partner will tell you I have a tendency to say the same things over and over and over again.
