Cost of Delay

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It is all too easy for clients to put off starting their savings plans. Use this tool to demonstrate why they need to start NOW and what increased costs they will experience by delaying. "Cost" can mean different things to different people and this tool lets you decide how best to express cost for each client.

Working Area with Graph
In this example, the 5 year delay in a 20 year savings plan means that the monthly investment amount must be doubled to achieve the goal. Clicking Description quantifies the additional savings needed as $55,947.   (By changing Solve to Investment Return you can easily determine that if the monthly investments are not increased, a return of over 20% is required for the 15 year delayed period - clearly implausible.)

The lower 1/3 of the screen is the Input area, the upper 2/3 is the Results area.  See results as you work!

The calendar icon next to Invest. Period. is the Time Format control, which permits selection of how time will be expressed on the Graphs and Tables: elapsed, date or client's age. Customize the scenario to your client's age or today's date!

The blue calculator icon next to Accumulated Value is the Present Value/ Future Value calculator. It's a snap to adjust your client's goals for inflation or convert a Future Value to current dollars for comparison purposes! If desired, transfer that number to the input area with a click.

The yellow calculator icon next to Invest. Return is the Weighted Average Return Calculator. Use this to quickly calculate the weighted average return of existing or proposed multi-investment portfolios. Transfer the number to the input area with a click. (In addition to printing the results, you can print a blank worksheet for use in assembling the necessary information.)

Use the Selectable Solutions™ feature to Solve specifically for the cost of delay expressed as:
  • higher periodic invetsments required
  • higher (riskier) required investment returns
  • larger portion of other savings at time of start
  • how much they miss their goal
No more "trial and error" planning. Enter the parameters you have and Solve for what you need!
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