Still River Announces Monte Carlo Model for Retirement Income Planning.

HARVARD, Mass. -- Still River Retirement Planning Software announced today two new versions of RetirementWorks(R) II, the retirement income and distribution planning package introduced last year. One version uses Monte Carlo analysis to test financial plans under randomized mortality and investment experience, as well as with randomized medical expense costs, long-term care requirements, and high inflation scenarios. The other new version combines Monte Carlo analysis with other stochastic modeling techniques to provide a faster-computing model more suitable for internet use.

These models supplement, but do not replace, the existing RetirementWorks(R) II model that uses non-stochastic scenario testing. Licensees can choose which of the three models suits their needs best.

"This is, quite frankly, a debatable point," observes Chuck Yanikoski, Still River's President and chief software designer. "Everyone agrees that when one is doing planning for retirees, mortality, investment, and other risks need to be taken into account. Monte Carlo models were the first ones on the scene capable of doing that. This does not make them the best, but it does give them a certain cachet. Unfortunately, Monte Carlo modeling can easily be misapplied, and results can be hard to interpret. By adding this option to a model that is already, and by far, the most robust available in terms of analyzing the financial needs of the elderly, we can now offer financial companies and advisors the best of both worlds. And, I might add, at a reasonable cost."

Still River Retirement Planning Software, Inc., leading producers of software dealing with retirement plans and retirement planning, is located in Harvard, MA. For more information, please visit our website at www.StillRiverRetire.com, call Chuck Yanikoski at 978-456-7971, or e-mail [e-mail].