Nest Egg Professional can plan your retirement using "Reality Retirement Planning",
an increasingly popular methodology which adjusts retirement spending estimates with age according to U.S. Bureau of Labor
statistics to allow people to realistically retire sooner with less accumulated wealth than conventional retirement planning
models.
Nest Egg Professional tests plans using Monte Carlo simulation, a technique that measures a plan's success rate by simulating its execution many times over many randomly selected periods in history. Nest Egg uses real market data to perform simulations, not simply random rate-of-return values like some methods use. Real historical data produces more realistic results because stock and bond markets move in cycles, not randomly.
The ROI Calculator also uses Monte Carlo simulation now to estimate the success rate of a proposed asset allocation.
Nest Egg Professional allows you to enter and maintain asset information by individual
asset, making cataloging net worth easier and more intuitive for you or your clients.
Nest Egg will also import/export asset information in this format from or to a text file, enabling easy transfer between applications.
A number of new algorithm options allow you to find more efficient ways to utilize retirement assets.
You can add dependents to more accurately model your tax liability, specify a subset of your tax-deferred assets to
use for a 72(t) (SEPP) account, and control Nest Egg's borrowing tactics to balance tax optimization with your ability to borrow money in retirement.
IRS tables (tax rate schedules, tax brackets, and standard deductions) have been updated for
2006. Performance statistics for asset types on the ROI Calculator have been updated through
the end of 2005.
You can customize the headers of printed reports with your company information, client information, and contact information for an individual consultant.
You can add password protection to selected plan files, adding a layer of privacy and client protection if you work in a shared file environment.
The Calculate Best Social Security Age button in the Interview now calculates both the age and the annual social security benefit that will maximize your Total Annual Income over your lifetime. Nest Egg uses
a single social security benefit amount at a certain age which you enter as well as your self-estimated ROI and life expectancy to calculate this estimate.
Financial Events can be temporarily disabled or enabled to allow easy comparison of strategy variations. There is also a Notes section in each event so you can append your own text description.
The Report will now show amounts on the Savings and Distributions
schedules in today's dollars as well as actual dollars.
A Loan Calculator has been added to calculate payments or terms for amortized loans.
The Graph now plots income and contributions, and can be rendered as a
line graph or bar chart.
Pie charts can be generated showing asset and tax category
allocations. All graphs (including the ROI Calculator) can be printed
or written to files as images.