BOSTON, March 21, 2017 /PRNewswire/ -- The complexities of divorce are in constant evolution and never simple. Divorce agreements are long-term decisions. Divorcing spouses need to understand how each person will fare financially over the long-term under any proposed divorce settlement. Settlement agreements include the division of regular and retirement account assets, disposition of the couple's current home, future housing arrangements, alimony payments, custody arrangements and child support.
Today, Laurence Kotlikoff, Professor of Economics at Boston University and President of Economic Security Planning, Inc., introduces a unique, powerful, and objective tool, Analyze My Divorce Settlement, divorcing couples can use on their own or with a professional to reach fair divorce settlements and limit settlement disputes. Kotlikoff has successfully launched sophisticated personal financial planning software (www.esplanner.com) and Social Security software determining the best strategy to collect the highest benefits (www.maximizemysocialsecurity.com).
With Analyze My Divorce Settlement users enter data for the proposed settlement agreement and the software compares, on a side-by-side basis, each spouse's future finances. This includes this critical bottom line––what each spouse will get to spend on a sustainable basis after meeting fixed expenses. The results present an accurate picture of the living standard each spouse can maintain after the divorce.
Analyze My Divorce Settlement uses the patented Economic Security Planning Computation Engine, which The Washington Post described as "…the deepest and most powerful financial planning engine."
The software is extremely user friendly, comprehensive and appropriately detailed. It incorporates all aspects of any proposed settlement and considers future wages, self- employment earnings, federal income and payroll taxes, state income taxes, Social Security retirement, divorcee spousal, and child benefits, Medicare's Part B premiums, housing expenses, special expenses (like college tuition), special receipts, and more.
While Analyze My Divorce Settlement can't say what's fair, it can provide a clear comparison of both spouse's post-divorce living standards for any proposed settlement. The tool can also help couples and their advisors develop alternative proposals. And, it can help find win-win settlements––settlements that lower combined taxes and generate the highest lifetime Social Security benefits so each spouse can enjoy a higher sustainable living standard.
Analyze My Divorce Settlement costs $149 for an annual license. The company also provides a service where trained staff enter the data, run the program and present the results.
Contact: Laurence Kotlikoff, 617-834-2148, email@example.com
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SOURCE Economic Security Planning, Inc.