Has anyone tried uploading/importing account positions into Wealth Planner? I tried uploading an excel file but it didn’t allow me.
Approximately 60% of advisors include healthcare planning as part of their overall retirement planning process with clients, but advisors often lack information to make accurate judgments to address clients’ health concerns. The Retiree Healthcare Planner developed by GoWealthPro, a MA-based company, estimates both the client’s longevity and geographically adjusted healthcare expenses. The planner was developed using publicly available health statistics and input from doctors and specialists who helped as- sess risk factors. The tool asks clients to input approximately 15 pieces of information (e.g., smoking, activity level, weight, family- health history) and from those, it projects the clients’ expected longevity. In addition, the planner takes into account the timing of healthcare costs, weighting costs more heavily toward the end of the clients’ life. As such, the output gives year-by-year estimates of healthcare costs, allowing advisors to match cash flow against costs. Such a tool could help advisors better navigate their older clients’ health concerns by making sure the client has adequately funded their healthcare, given their individual situation.