PlanMode is a comprehensive financial planning app for do-it-yourself individuals.

A comprehensive personal financial and retirement planning app with a lifetime planning span. It provides you with a quick and easy way to prepare a financial profile and project it for lifetime. It can also transform the normal profile into a retirement scenario or adverse scenarios including death or disability of either spouse.

This app provides to with a powerful tool for what-if analysis with unlimited possibilities and options. Its design incorporates user feedback and wishlists for functionality and features from professional financial planners we have been serving for over four decades.

PlanMode is available for iPhone and iPad from Apple App Store and for Android devices from Google play as a free app. 

Finely Tuned Planning Concept Over Decades

PlanMode gives a touch of reality to the future projections by deploying a cash management feature. Once activated the automated cash management monitors your cashflow based on your defined needs for how much of idle cash is needed at all times. If years your income exceeds the expenses it reinvests a calculated amount based on your parameters so that you are left with close to your cash limits after taxes. Similarly, in the years your expenses exceed income, it starts to draw down on the invested cash to keep your balances as per your data entry. Another helpful feature is the automated comparison feature. This feature can provide you with the bottom line impact of one or more financial transactions on any of your financial scenarios. The comparison showing a net gain or loss is produced after automatically rerunning the scenario for its income, cashflow and tax implications over the entire planning. 

Key Features That Have Been Most Asked for

  • Financial planning for singles & married spouses ​​Financial planning for singles & married spouses
  • Planning span of up to 100 years
  • Retirement profile and analysis
  • Disability profile and analysis
  • Survivor’s profile and analysis
  • Detailed annual cash flow analysis
  • Automatic cash management simulation
  • Built-in US income taxes
  • Definable national, state & local taxes
  • Completely self contained to insure confidentiality
  • Customized and printable financial statements
  • Side by side comparison of alternative scenarios for what-if analysis
  • A variety of information export options

User Definable Taxes, Usa Taxes Built-in

US individual income tax computations are built-in and applied as applicable.

Non US individuals can turn this function off and instead activate a generalized version that allows you to define how your income tax should be computed on a national and local tax levels. ​The latter function is also available for US individuals for defining for items to be used in approximating State and City income taxes. You can also deploy tax brackets for any of these taxes if needed.

Custom Planning Tools

PlanMode provides you with a flexible planning platform for your current and projected financial analysis needs. It also includes a number of advanced templates to help you perform many types of pre-defined analysis that have been asked by our users over the years, including-

⦁ IRA-Roth conversion analysis
⦁ Compare two ages to retire in
⦁ Analyze options to maximize Social Security benefits
⦁ Compare a lumpsum payment vs an annuity
⦁ Will owning a home work better than renting one?
⦁ Compare taxable investment with tax-free investment

Custom Planning Tools can dramatically reduce the time and effort it might otherwise take to compare and analyze certain options. For example, take the case where you are a USA taxpayer and want to explore if converting your individual retirement account (IRA) into a Roth IRA can be beneficial in the long run.

In order to get a good feel for any benefit you may realize from such conversion you will need to perform long and tedious computations for each option to compare how your net worth changes over the years. You would want to analysis such options as-

⦁ convert the entire IRA to Roth this year,
⦁ convert over a period of 2, 5 or more years,
⦁ convert each year an amount up to the next tax bracket change, or
⦁ convert annually an amount to the top of the next tax bracket. 

With PlanMode you are presented the bottom-line impact of such a potential conversion under any pre-defined option with just a tap on it.

The what-if analysis provided by custom planning tools is comprehensively integrated with your financial profile. Thereby, it is dynamically interrelating the impact over the income, cash flow, expenses, taxes and other affected items. For instance, once you have a financial profile prepared you can use the custom planning tools to compare the lifetime bottom-line impact of retiring at any age versus another; just enter the two ages and tap on COMPARE.

Diversified Investment Analysis

PlanMode contains a myriad of data input formats to accommodate assets and investments so it can be properly weaved in the overall financial profile. The main input section provides formats to input data for bank accounts, retirement accounts, stocks, bonds, business, real estate and a variety of personal assets. In addition, the Expanded Data Input section provides for specific input for advanced assets and special-format items, such as-

  • Specific Isolated Cash Receipts
  • Specific Isolated Expenses
  • Amortized loans
  • Fixed Annuity
  • Variable Annuity
  • Charitable Annuity
  • Mortgage
  • Reverse Mortgage
    and more 

Interactive Planning

PlanMode is designed to work interactively as you enter a new item of data or modify an existing one. Its consolidated result window gives you an overall perspective of the scenario being developed. This result window can be tailored to your specific needs for any year(s) of your planning horizon.

PlanMode Fits Your Needs

If you are a tax professional it will enhance your analytical ability and make tax planning more efficient. If you are an independent individual looking for an easy to use tool to analyze the tax impact of a transaction, need a quick year-end tax estimation, perform a pre-tax-return-filing analysis, or review the impact of any other tax related investment decision, TaxMode will help you make more informed decision by providing a better understanding of all the possible income tax implications. TaxMode also provides you with a number of premium features should you needs go beyond quick calculations and simple planning. You can start with expanding the detail of what type of income, itemized deductions, credits and payments that can be entered and analyzed. Next you can utilize the automated comparison option that can help you quickly review the impact on one or more changes in data in a specific case. And with one simple click you can do a comparison of a case’s data for one year vs. another year.

Compare Options

PlanMode provides you a quick and easy way of determining the bottom line impact of a financial action or a transaction over the planning horizon of your choosing. It provides you with a static or a dynamic comparison mode. These modes can be activated or deactivated on the fly with one key touch.

You can also compare the cashflow and/or net worth difference of including or excluding an item of income or expense this year versus the next year, a lease verus a buy decision, a rent of purchase of house decision etc etc. Give it a two-minute test to see how well it works.

Analyze Scenarios

You can generate a number of financial scenarios based on the data you have entered up to that time. These scenarios include-

 ​Retirement profile and analysis 

 ​Disability profile and analysis 

 ​​Survivor’s profile and analysis

Dependable Support Team

PlanMode is designed, developed and supported in USA by Sawhney System. At Sawhney we have been satisfying professional financial planners software and support needs for over four decades. For the record, we produced the first comprehensive and integrated financial and tax planning software that was made commercially available in 1976. We have a dedicated team of professionals dedicated to serving and satisfying the software needs of financial planners.

Now Available for

iPhone & iPad and Android phones & tablets

Main screen where you enter applicable data. Each category has items in pull-down menus that are displayed as you tap on a category. In addition. Advanced tab provieds you with additional data categories.

Result can be seen in numbers or as charts and graphs for the entire planning span. All charts and graphs are dynamic in reflacting data values you enter or change as you make your entries.

PlanMode is completely dynamic. All results show in reports, graphs and charts are bottom line values after all computations. you can choose any format you like for interactive planning.