What is Planswell?
Planswell is an AI-driven financial planning platform that offers comprehensive financial analysis and personalized advice. The platform uses an advanced engine to predict retirement savings, create optimized draw-down strategies, consolidate debt to lower interest rates, recommend investment allocations, and determine appropriate insurance coverage. All these services are provided completely free of charge.
Users gain access to expert financial advisors in their local area who provide personalized guidance on implementing their financial plans. The platform focuses on making professional financial planning accessible to everyone while maintaining strict data security protocols to protect user information.
Features
- Retirement Planning: Predicts total savings at retirement age and creates optimized draw-down strategies
- Debt Management: Consolidates debt to lowest interest rates and reduces monthly payments
- Investment Optimization: Recommends allocation across account types to maximize retirement savings
- Insurance Analysis: Determines appropriate insurance coverage for income protection
- Advisor Access: Provides free consultations with local financial experts
Use Cases
- Planning for retirement age and income
- Consolidating and managing personal debt
- Optimizing investment portfolios for tax efficiency
- Determining appropriate insurance coverage needs
- Getting professional financial advice without cost
FAQs
-
How does Planswell protect my personal information?
Planswell uses advanced data encryption via secure servers on a private network and follows strict security protocols. They never ask for financial account numbers or social security numbers, and personal information is only shared with necessary business partners with user consent. -
Can I implement financial plans without using an advisor?
Yes, but some recommendations may require licensed professionals for implementation, such as insurance upgrades or mortgage refinancing. The platform encourages free plan reviews with advisors for optimal refinements.
