Products

TRAK-Gap Brings “Clarity” to Federal Workplace Advisers

Advisers in the federal retirement marketplace now have a new tool to illustrate retirement savings shortfalls with “vivid clarity.”
Reported by Nevin E. Adams
The new TRAK-Gap Analysis calculator from Trust Builders, Inc., (formerly known as The Annuity People, Inc.) comes pre-loaded with illustrations for both the Federal Employee Retirement (FERS) plan and the Civil Service Retirement System (CSRS) plan, including calculations for the Federal Thrift Savings Plan (TSP), Federal Employees’ Group Life Insurance (FEGLI) and Catch-62, according to a press release from the Portland, Oregon-based firm.
The TRAK-Gap Analysis Calculator was developed with assistance from Federal Employee Benefits Specialists, Inc., a division of the Snow-Cap Agency. “We train advisers how to quickly capture a client’s benefits portrait, but we haven’t had an illustration tool for them to use to quickly and vividly illustrate whether their client was on target for a comfortable retirement or not,” said Judy Snow, president of the Snow-Cap Agency. “The TRAK-Gap Analysis Calculator fills that void for our advisers and their clients.”
Other Income, Distribution Impacts
The tool also illustrates other income sources, including:
  • retirement investments,
  • part-time work,
  • annuities and
  • lump-sum values such as life insurance
Additionally, special retirement distributions like special vacations or the effects of a long-term care (LTC) or some other catastrophic event, can be illustrated.
The demo can be downloaded at www.TRAKCentral.com/downloads.html
The Gap Analysis Calculator costs $295 and can be downloaded from www.TRAKCentral.com
Sample Gap Analysis calculator illustration graphics can be viewed in a PDF file or on the web site at www.TRAKCentral.com/GAP