WealthProbe by Cache Smart
Version: 3.x
System Requirements: Memory: 2 GB RAM, hard drive space: 200 MB, Operating System: Any Microsoft version of Windows 10 or higher.
Vision Statement: Our goal is to be the first name that comes to mind when people want a company they can trust to provide accurate retirement planning products at a reasonable price. We will answer questions and resolve issues quickly, while always treating our customers fairly.
Our Mission: Cache Smart was founded to produce highly accurate, easy-to-use tools to help people plan for and live their retirement years, regardless of their stage in life or economic status. We recognize that all individual situations and plans are unique, so we design our tools for maximum flexibility to accommodate any plan. Saving for retirement is a lot of work, and most people hesitate to fully enjoy their savings, afraid they will run out of money. Our tools help to answer the questions that enable our customers to minimize uncertainty, giving them the confidence to get the most out of their hard-earned retirement years.
History of WealthProbe: I’m Dean Larson, President and founder of Cache Smart, and I thought you might be interested in a short history of WealthProbe and how it came about.
In the past, I used Excel spreadsheets to give me a crude idea of how I was doing with my retirement plan. I soon realized I needed something more flexible, powerful, and easier to use.
I decided to look at what other retirement planning tools were out there. I found a few possible options, but they all came with limitations. The tools were generally not very flexible or sophisticated. Most depended on simple assumptions and generic rules-of-thumb. The tools that were more sophisticated were generally only available to users who allowed the software provider to manage their investments. That came at a price – typically, one percent of your total portfolio value per year. That adds up fast!
Plus, some of these providers wanted access to my account numbers and passwords before I could access their so-called “free tools”. Providing “the keys” to all my investment accounts for storage in a single place in the cloud made me very uncomfortable.
I have programming experience in a handful of computer languages (acquired mostly to support obtaining my physics degree and in subsequent jobs), so I decided to develop a retirement planning tool, written in a language much more powerful than Excel, for my own personal use.
Shortly after I started building it, I realized this whole thing would be very useful others, particularly given that most of us are now ultimately responsible for managing our own retirement plan. I founded Cache Smart in early 2021 and formed a team to continue development of the tool that we call WealthProbe.
As we built WealthProbe we made it very secure, accurate, and powerful while remaining flexible and easy to use. We are proud of what it is now.
Here is a sampling of capabilities you might find desirable:
1) The ability to do ‘what-if’ analysis — to change things on-the-fly in a scenario that is either currently being created or previously completed. You can change things by going backwards, forwards, and jumping between data sections.
2) A detailed and thorough treatment of IRAs (both inherited and not) in all their glorious permutations, combinations, and conditions – reflecting the recent SECURE Acts. WealthProbe simplifies this a lot by only asking for information based on your answers to a few preliminary questions pertaining to each IRA.
3) It includes the treatment of different types of real estate, allowing for mortgages and reverse mortgages.
4) Data entry is easy and results visualization intuitive so you can see the effects of changes you make and easily understand how they affect your retirement plans.
5) It is very secure – built to protect your financial information. We decided to keep WealthProbe downloadable so you can work from the comfort and security of your own home. Once you activate the license, you can unplug your computer from the internet and even store your encrypted data files on a storage device detachable from your computer for enhanced privacy and security.
The result of all this activity is today’s WealthProbe: a highly accurate, secure, easy-to-use, flexible tool capable of analyzing your unique financial situation. I hope you have enjoyed this brief introduction. Just know there is a lot more to WealthProbe – click here for a summary of its important features.
If you have any questions or issues pertaining to WealthProbe, please send them to us using the WealthProbe Contact form on this website.
