Michael Lonier, RMA, is a lifetime financial planner who specializes in retirement income management. He uses the RMA method to develop a Retirement Policy Statement Allocation from the household balance sheet as the basis of a lifetime plan for savings, investment, and household risk management.
Through his association with the Retirement Income Industry Association (riia-usa.org), a non-profit organization dedicated to research and thought leadership for retirement planning, he has developed a software tool, R-MAP Planner (www.rmap-planner.com), for managing household risk exposures and resource allocation based on the household balance sheet, not on the arbitrary allocation formulas or questionnaires used by the investment management industry.
Mike will be talking about the Retirement Management Analyst (RMA) planning method and will show how his software tool, RMAP-Planner is used in the planning process. RMAP provides a framework for building expected annual future income and expenses, shows annual cash flow for the full remaining accumulation and retirement horizon, automatically calculates funded-ness, the household balance sheet, and provides a baseline retirement policy allocation to Upside, Floor, Longevity, and Reserves based on the balance sheet. The planner can adjust the RPS allocation and overlay it on a model portfolio. RMAP also provides a floor-builder function for creating ladders of nominal and TIPS bonds, CDs, STRIPS, and income annuities. It is a powerful tool that automatically generates the Retirement Policy Statement based on the input of key client data.
Participants should expect to gain an understanding of the RMA method, the Retirement Policy Statement, and how a software tool like RMAP-Planner can assist the planning process.
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