Start counting the pennies now!
People say retirement is the ugliest word in the language. However, if you are wise you can do what you like to do best even after the retirement. So, planning plays the crucial role here. If you need guidance, this review would certainly help you.
RetirePilot is an iPhone app that helps people to plan their assets so that they may not struggle financially when they retire. After launching this app, it asks the users for a few basic details such as Date of Birth, Retirement Savings, Current Annual Income, Current Annual Spending, Expected Retirement Age and Retirement Spending.
After inputting all these information, user can ask the app to optimize. If the user selects ‘None’ here, RetirePilot would simply display the probability of successfully meeting his retirement goals. If he is not happy and want to improve it, he can ask the app to make the needed adjustments to raise the success rate. There is an ‘Analyze’ section, to see these data graphically represented.
This app is not really that easy to use. It would be a bit hard for those non-tech savvy users. And it doesn’t have any Help or Information section to guide. Moreover, users cannot access any area of this app without Internet connection. I can’t figure out the need of Internet connection for the app of this kind.
Apart from these few downsides, RetirePilot would be a handy tool for those who want to stay safe during their productive years. This app was developed by Levine Services, LLC, a leader in the financial software area. As RetirePilot is currently running 1.0.1 version, one can expect it to overcome these issues in upgrades. RetirePilot is compatible with iPhones and iPads running iOS 4.2 or later. As this app is available for free, users can certainly give it a try.
Rating: 7/ 10