#What is money guide pro how to#
#What is money guide pro software#
#What is money guide pro plus#
#What is money guide pro free#

On RightCapital’s G2 page, one user mentioned, “The customer service is the best, quick responses, and if they don’t have a feature you ask for, they forward all requests to their developers.” One user noted they liked best about RightCapital, “The immediate help we can get from the support team when we are stuck on how to model something. Median inbound answer time under 90 seconds Some stats we share about the RightCapital support team: Here is what MoneyGuidePro reported about their client support team on their website:Ĥ.8/5 average customer satisfaction scoreĪt the time of this post, according to the user surveys collected on G2, the overall quality of support is rated as 8/10 for MoneyGuidePro vs. Another says, 'Sometimes it is a bit hard to navigate because it’s not intuitive if you don’t want to go step by step.”

One user notes, “It's a little tricky to learn at first - there are so, so many layers”. Some MoneyGuidePro reviewers on G2 comment on the difficulty of getting started.

#What is money guide pro free#

Support and training (including our webinars) are always free and our help center is intuitive and well-organized. The onboarding specialists will make plenty of time for follow-up calls if you would like some extra support as you get started. RightCapital advisors are usually comfortable working within our platform in less than a month. RightCapital also has the following features that are not available within MoneyGuidePro:Īdvanced Social Security optimization such as government pension offset, windfall elimination provision, etc.

A G2 user notes a dislike of MoneyGuidePro is the “Lack of ability to explore tax impact of certain strategies”. While MoneyGuidePro has Roth conversions, it lacks the interactivity and visual outputs. RightCapital also includes future tax projections including sample tax forms such as the 1040. The biggest difference you’ll see between RightCapital and MoneyGuidePro when it comes to tax-planning is that RightCapital offers an interactive Roth conversion tool that makes it easy to visualize the impact of conversions on items such as IRMMA surcharges and increases to taxable Social Security. To fund any deficits, RightCapital also considers drawing down and selling assets, which produce unique tax scenarios. RightCapital notes all income sources and how each of them is taxed. These additional inputs and tools provide more control for the advisor to help clients with their specific financial situations.

#What is money guide pro software#

That’s why RightCapital includes budgeting, and debt and student loan management tools built within the software to envision a client’s entire financial picture, and accounts for clients’ spending habits such as when they are spending more than they make within a given year. In reality, people’s lives are much more complex. MoneyGuidePro assumes that clients are not spending more than they make in a given year. For example, in MoneyGuidePro, there is minimal consideration of pre-retirement income and expenses. RightCapital considers more data sources than MoneyGuidePro does.

#What is money guide pro plus#

Beyond that, goal-based planning isn’t particularly useful for say, a 30-year-old.” With RightCapital, advisors have the flexibility to use goal-based planning, cash-flow planning, plus modified cash-flow planning. A user on Reddit also notes, “MGP is great for pre-retirees and retirees.

According to this article by industry expert Michael Kitces, goal-based planning “puts the cart before the horse” and may result in hard conversations with the client about needing to create more realistic goals. There are some major differences between RightCapital and MoneyGuidePro, the main one being that with MoneyGuidePro, advisors must use the goal-based planning approach. MoneyGuidePro functionality Planning approach