Why does a RRIFmetic-produced plan take such a short time to create?
Very simply, all the data needed to source the plan is immediately quantifiable by the client from his own knowledge base…. salary, retirement age, existing capital, lifestyle (living costs), outstanding loans, an expected inheritance…. these are simple numbers to come up with. Once input, the program’s “reverse tax/goal-based” engine (see first FAQ) takes over and 3 seconds later…., the plan is done. No more tweaking or redefining the data to try and eliminate or reduce shortfalls/deficits! The plan solves exactly (optimizes automatically) the first time. Also, making simple ‘what if’ changes are a matter of seconds to invoke. A program which takes any longer than 10 seconds to solve just won’t get used for creative, ‘what-if’ (in front of a client or an audience) planning!
