- Map client’s current cash flow, expenses and taxation position.
- Demonstrate multiple scenarios with different financial options along with taxation implications.
- Show possible future changes in their reality and their implications.
- Tax Module immediately calculates approx. tax liability including the impact of a financial strategy on taxes on Social Security income.
The SIPS Cash Flow and Tax Module allows for concise presentation of information uncovered in the discovery process with client. You will itemize all sources of income, categorized by type, as well as documenting outflows for all expenses. This makes for a clear snapshot of surplus income or indeed shortfalls necessary to maintain ones lifestyle.
By simply selecting the use tax module button the SIPS Cash Flow and Tax Module will calculate any potential tax liability based on the relative tax schedule and the sources of income and available deductions.
The SIPS Cash Flow and Tax Module allows you to show side by side the impact of a new financial strategy on income and tax liability. The format is very easy for your client to see the results of a redistribution of their retirement funds.
The SIPS Cash Flow and Tax Module allows you to demonstrate multiple scenarios in a single document. In this case, we are looking at a future financial position if a spouse passes.