Tuesday, November 9, 2010

MoneyGuidePro financial software available free to eMag subscribers

A few simple keystrokes today can put you on the road to reaching your financial goals.

Subscribers to the free monthly May-Investments eMag can now gain free access to the MoneyGuidePro financial-planning software that May-Investments uses to help clients prepare for the financial challenges that lie ahead in life.

“I want to give loyal readers a reward for subscribing,” says Doug May, owner and chief investment officer for May-Investments. To begin using MoneyGuidePro, subscribe to the eMag at http://www.fund-scout.com/ (don’t forget to reply to the confirmation message you will receive so that you will be added to the mailing list), then send an email to May-Investments Retirement Concierge Lisa Mauser at http://www.blogger.com/Lisa@gjstocks.com asking for access to the software. You will receive information about how to access MoneyGuidePro.

May says eMag readers can use MoneyGuidePro to update their retirement plans and determine the amount of money they need to save and invest now in order to meet retirement needs or other financial goals.

MoneyGuidePro is an extraordinarily comprehensive financial-planning tool – much more comprehensive than the free financial-planning tools available online – and it is fairly easy to use if clients have complete, up-to-date records of their financial assets.

“I would encourage people to try it on their own and give it a shot,” May says.

MoneyGuidePro uses personal, financial, and investment data supplied by the user and develops a set of calculations based on the information. The program also uses a series of scales to determine the relative importance of several variables in the individual’s profile, such as willingness to save more or delay retirement.

The program uses personal data and preferences to calculate various options, which it presents in a range from “Ideal” to “Acceptable.” For example, based on an individual’s profile and resources, the program might determine that 65 is an “ideal” retirement age, but 67 would be an “acceptable” retirement age. MoneyGuidePro lets users create various scenarios to determine how certain changes in their goals or financial strategy might affect their likelihood of reaching their financial goals.

Finally, MoneyGuidePro can produce a customized report outlining the user’s chance of reaching financial goals and suggesting changes that might help the user reach those goals more effectively.

The program resides online and can be accessed from any computer with an Internet connection. May says data that users enter into the program is private and securely stored; it cannot be seen by anyone except the user and May-Investments staff.  

May-Investments weekly educational workshop on Tuesday, December 14, will focus on how the online planning tool works.

It’s a great deal. Sign up for a free subscription to the eMag and receive May-Investments’ fun and informative electronic magazine each month, plus gain free access to one of the top financial-planning tools available today. Visit http://www.fund-scout.com/ to get started.