Which statement about the Needs Analysis Tool is true?

• A. It can be used by clients directly
• B. It is limited to advisors/planners
• C. It only evaluates retirement needs
• D. It calculates real-time tax impacts for all states

Answer: (B)

The Needs Analysis Tool is a planning workspace used by financial professionals to map a client’s financial needs—covering areas like retirement, education, debt payoff, insurance, and emergency funds—and to see how different inputs affect cash flow and overall plan outcomes. Because it’s built to model and adjust the plan, access is intended for advisors/planners who interpret the results and present them to clients through reports or a client portal. Clients typically review the outputs rather than manipulate the tool themselves. The tool looks at more than retirement, evaluating multiple needs rather than a single focus. It also doesn’t provide true real-time tax impacts for all states, since state-specific tax modeling is complex and not generally real-time across every state. So, the statement that it is limited to advisors/planners is the accurate one.