WESTWOOD, Mass., May 9, 2014 /PRNewswire-iReach/ -- Financial planning technology leader OMYEN Corp. has released major upgrades to its Social Security Maximizer(TM) sotware. This release will benefit several thousand financial advisers that have signed up for this software since it was debuted about two months back. Major upgrades include planning for clients who are divorced, or widow/widower, and those who may have dependent children. The planning process has also been streamlined to easily add or select a client, and to create a finalized Social Security plan in just 3 clicks or taps. A short 3 minute video clip on the software provides a quick overview of the software.
According to the Centers of Disease Control and Prevention, approximately 900,000 Americans got divorced in the year 2011 compared to 2 million that got married. With the rising divorce rate especially among 55 and over age group, most financial advisers have divorced clients. Social Security Planning has a different set of rules for divorced clients. Widows and widowers also have have a different set of rules for Social Security benefits. The lack of easy to use software that can handle different client situations has made Social Security planning a difficult task for financial advisers. The new release of Social Security Maximizer(TM) allows financial advisors to produce an optimal Social Security plan for divorced, widow/widower, and dependent children benefits. "Several of my clients are either divorced or widows/widowers. This upgrade of the software allows me to help those clients too.", said Don Hartmann of Centennial, CO based Hartmann Financial Advisors. This enhanced version of the software is also availableFREEof charge to all financial advisors.
OMYEN has also announced free live training webinars on the software and Social Security planning. Advisors can signup for these webinars within the tool itself. These webinars are designed to be interactive, allowing advisers to ask questions and offer comments. "With thousands of financial advisers using the Social Security Maximizer for their clients, we want to build a forum for advisers to learn and share their experience on Social Security planning and this tool", said Dinesh Sharma, CEO of OMYEN Corp.
OMYEN has also streamlined the flow of Social Security planning in Social Security Maximizer. It is a simple 3-click process:
The "Maximize Benefits" feature for couples automatically runs different scenarios for benefits start ages and file and suspend strategies to come with the scenario that leads to maximum benefits over their lifetimes. The "Analysis Report" feature is to run different scenarios for a particular strategy. Finally, the "Specific Scenario Output" produces a report of projected benefits for the scenario that an adviser decides based on a client's needs. OMYEN is also working on adding other features into the tool. The next release will allow Windfall Elimination Provision (WEP) for federal workers and Government Pension Offset (GPO) for government workers. It will also allow the analysis of lump sum payment.
Integration With Other Planning Technologies
The Social Security Maximizer is also being integrated with the Wealth Planner(TM), OMYEN's comprehensive financial planning software. This will allow a finalized Social Security plan to flow into the overall retirement income plan. "With the implementation of Social Security plan and retiree healthcare expense plan from Retiree Healthcare Planner, OMYEN's Wealth Planner is the only financial planning software in the market that offers complete retirement income planning", added Sharma.
Client Education & Acquisition
OMYEN's Social Security Maximizer is a also a good companion to the Personal Financial Index (PFI)that advisors use for client education and acquisition. Advisers that are interested in getting clients in 55 - 65 age group may consider OMYEN's turnkey marketing and planning program on retiree healthcare. OMYEN also has a market leading technology for advisors working with retirement plans. Financial advisers use the Enterprise Retirement Planner for scalable creation of customized retirement plans for plan participants and a scorecard for plan sponsors.
The Social Security tool is readily available for use. Similar to OMYEN's other financial planning technologies, it works on all different computing devices, including hand-helds e.g. iPads, iPhones, and Android based devices. Financial advisers interested in using OMYEN's Social Security Maximizer tool can signup for free at www.omyen.com/users/freesocialsecuritysignup, or via live chat, or by emailing their request to email@example.com, or by calling OMYEN at (617) 4-OMYEN-1. Existing users can access the tool directly by going to https://www.omyen.com and clicking on the "Login" link.
About OMYEN Corp.
Based in Westwood, MA, OMYEN, a recognized innovator of intuitive and affordable technologies, helps financial advisers effectively acquire their targeted clients and efficiently create actionable financial plans. OMYEN's unique products include the Wealth PlannerTM for client centric financial planning and featuring the industry's first retiree healthcare planning capability, the Personal Financial Index® for client education/acquisition, Enterprise Retirement Planner for advisors working with retirement plans, and Client Information Center (an advisor branded client portal). Employers use OMYEN's intuitive financial education and communication platform to help their employees take charge of their finances. Most OMYEN technologies have been reviewed by FINRA and also approved by compliance departments of some large Broker/Dealer firms. For more information about OMYEN Corp., visit http://www.omyen.com.
Media Contact: OMYEN Marketing, OMYEN Corp., 617 366 9361, firstname.lastname@example.org
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SOURCE OMYEN Corp.