FAQ’s
What are the System Requirements for Nest Egg Software – Desktop version?
Nest Egg Software will run on all Windows systems since Windows 98SE
WindowsXP is the minimal O/S required; Nest Egg v11.0 will work on Windows 2000 SP4 but needs GDIPlus.dll to be installed–GDIPlus.dll can be downloaded from
http://www.microsoft.com/download/en/details.aspx?DisplayLang=en&id=18909
There is a minimum of 18.0 MBytes required to install Nest Egg v11.0–6.0 MBytes to download SETUP.EXE and 12.0 MBytes to unpack and install EXE, Report, Help File and Database.
Very easy to install, very small in size, and works on ALL windows O/S’s since Windows 98SE, with GDIPlus.dll installed.
How do I plug in additional savings “prior” to retirement?
You put your “anticipated” savings in the balance sheet along with all of your other investments.
In the balance sheet you have 2 sections: cash & investments, and income sources.
Your cash is just that…cash or short term things like CD’s etc.
Your investments are your 401K, annuities, stocks, etc.
Income is Social Security, pensions, etc.
The balance sheet is a “place holder” if you will for all of your money. Then you will see the total amount of the balance sheet in the blue box which is the total of all of the line items in the balance sheet.
So for example, if you are not going to retire for 10 more years and you think you wil save an additional $10,000 per year, just put a new cash record in at $100,000 as additional savings. Or assume that $10K a year for 10 years, with interest growth is worth $110K or so at the end of 10 years.
Or show a lump sum of $100,000 in the income sources section with the start and end date as the same year.
You could also create several different cash line items like “savings assumption 1″, “savings assumption 2″ etc, then save them as different scenarios…then switch it up…toggle back and forth between the different scenarios. Each time you do that you have to change the corresponding overall value in the basket, so the program knows what interest rate, duration, etc. to apply to it.
What about my personal financial data, like bank accounts and 401K’s? I am not comfortable giving out that kind of information.
Of course you’re not, who would be? The software does not ask for any information regarding your account numbers or stuff like that.
You only have to put in the “values” of your various nest eggs into the balance sheet. Like how much money you have in your savings, 401K, stocks and mutual funds. All of the “values” of your different retirement savings accounts are put into the Nest Egg Software balance sheet, but not any other account information.
Security of your personal financial data is of the utmost importance to us.
All of your data resides on your computer and nowhere else.
The Database has 2 levels of protection: it is password protected to ensure that only the Nest Egg application can open the file in its native format, and, it uses a 128-bit AES encryption to enable complete privacy.
Your data is rock-solid secure on your computer.
Will this software replace any financial planning software previously used?
While our program is not designed to replace investment analysis software, you will find that the capabilities of this program extremely powerful.
Go ahead and trash all those clunky Excel spreadsheets you have been using for years.
Keep in mind that after you’ve created an initial balance sheet and income plan you will continue to update your Nest Egg Scenarios periodically. We suggest you update your data monthly, but as a minimum at least quarterly.
It is your Nest Egg and you need to stay on top of it.
How long does it take to learn to use Nest Egg Software?
We designed the software to be very simple to learn. After you view the online demonstrations of each module, you should be ready to go. However, we also have a user guide posted in our tools section that provides step-by-step instructions for our software.
You will also notice that as you mouse over most areas of the software screens, there are pop up tips to explain things in more detail.
Also by “right’clicking” your mouse you can pull up many options and actions.
If you need help, you can send us an e-mail at info@NestEggSoftware.com
Does your software include a needs analysis module?
No, but we have partners who are experts in reviewing your investments and making recommendations.
We offer a free portfolio analysis through our network of certified financial advisors.
Everyone needs a financial advisor. If you currently don’t have one, it’s about as smart as doing brain surgery on yourself.
Contact us at info@NestEggSoftware.com so we can help.