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Retirement Planning > Spending in Retirement > Income Planning

Osaic Revamps Retirement Income Planning Tools

By John Manganaro

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Osaic, formerly Advisor Group, is partnering with IncomeConductor to launch two enhanced versions of its retirement income planning system, dubbed NextPhase Pro and NextPhase Plus.

Some 600 advisors currently use the original NextPhase solution with their clients, according to the firm.

Moving forward, NextPhase Plus will offer advisors and their clients automatic retirement income plan calculations provided by the original NextPhase platform, complemented by new features including Social Security optimization and risk management alerts.

NextPhase Pro will offer the same features as NextPhase and NextPhase Plus, with added Roth conversion modeling, required minimum distribution projections and tax overlay. NextPhase Pro will also provide individualized health care cost projections and calculate income-related monthly adjusted surcharges to Medicare premiums.

NextPhase Pro and NextPhase Plus will be available to all Osaic-affiliated financial professionals on a subscription basis. In addition to offering the software, Osaic’s retirement income consulting team supports NextPhase subscribers with building and analyzing client cases, uncovering planning opportunities and providing recommendations for implementation.

Osaic, a portfolio company of Reverence Capital Partners, supports about 11,600 financial professionals with wealth management solutions and technology.

Credit: Shutterstock

John Manganaro

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