EISI RELEASES NEW APP
Winnipeg, Manitoba - Emerging Information Systems Inc., publisher of the NaviPlan and Profiles financial planning solutions, has launched a new financial planning software offering named NaviPlan Select. The new offering includes enhancements such as an Interactive Scenario Manager, which shows users a "what-if" strategy that could affect a client's portfolio. In addition, slider bars have been added to quickly change key assumptions on client goals. It also allows 360-degree-view client plans.
EISI offers NaviPlan Select in both desktop and Web-based formats. Prices begin at $1,395 for a one-year license, with discounts available for two-year licenses and affiliates. For more, visit www.eisi.com/naviplan.
AMERICANS SAVING FOR RETIREMENT, NOT COLLEGE
Bloomington, Ill. - Rising tuition fees and the uncertain state of the economy are causing more people to put their own retirement savings ahead of their children's college education.
A new survey from Country Financial found that the number of Americans who think college is a good financial investment plunged to 64 percent, down 16 points from last year and 17 points from 2008. The sentiment about higher education coincides with a shift in saving priorities. In a reversal from last year, most Americans say that their own retirement (43 percent) is more important than saving for their child's college (41 percent). Those who say they are unsure about what's more important increased four points to 17 percent.
Nearly one third (31 percent) of Americans borrowed money to pay for their education, 64 percent of whom have completed paying off their loans. Further, of those who borrowed, half say it had little to no impact on other life decisions like marriage or buying a home.
A majority (65 percent) say that parents should be responsible for paying part of their child's college. Eighteen percent believe parents should foot the entire bill, while 13 percent think parents should not pay for any college costs.
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