Press Release: Financial Technology Startup OnTrajectory Launches

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PRESS RELEASE

Contact: Founder & CEO, Tyson Koska

410-530-3646 – Questions@OnTrajectory.com

Financial Technology Startup OnTrajectory Launches

 

By Carl Potak – New York – OnTrajectory.com is a financial technology startup offering an easy-to-use, high-fidelity financial planner that maps users’ income, investments, and expenses in an interactive graphical display.  Users can easily aggregate their financial data to visualize a simulation of their financial future.  The free option is suitable for most users, however, the Power Plan offers users the ability to define their plan more ‘granularly’ and is also free until July 1, 2016.

Sign-up is easy and requires users to answer only four quick questions to get started.  From there, users can continue entering monthly and yearly data.  The more data they enter, the more accurate their future trajectory will be.  

Most investment and retirement calculators are standalone and  focus on a specific data point, however OnTrajectory allows dozens of different data points to be calculated together for a more inclusive view of how these aspects can affect your finances.  For example, OnTrajectory can help people with college payment calculations, retirement planning, or mortgage planning, and see how they affect their overall financial standing.  Of OnTrajectory’s largest competitors that are focused on multiple data points, a large proportion of them are complex to use,  don’t offer a free option, and/or require time-consuming signup processes. OnTrajectory differentiates itself from these competitors and addressed those key issues by providing an easy-to-use, high-fidelity, free option with a quick and simple signup process.

The software is friendly to folks with families and allows for the additions of spouses and/or dependents to their trajectory. Additional features allow people to create savings plans, goals for future purchases, designate unexpected emergency funds, and run different financial simulations for any “what if” financial questions they think of. For more advanced simulations, OnTrajectory also has Monte Carlo and Historical analyses.

OnTrajectory encourages people to become financially knowledgeable and successful so they can retire on time or even have an early retirement.  This is promoted through their blog Money Matters by OnTrajectory.

Since launching in November 2015, OnTrajectory has grown to over 1,100 users and is catching on quickly.  In fact, OnTrajectory was just featured in a February 9th 2016 article called “These Are The Best Retirement Calculators” in Time.com’s Money Magazine.

OnTrajectory‘s team currently consists six people. Of the six, CEO Tyson Koska and two other technical co-founders from the financial industry are the software engineers working behind-the-scenes.  The team also has a serial entrepreneur, Director of Marketing Carl Potak, Director of Community Relations Daniel Kahn, and Video Producer Christopher Yeiser.

Financial journalist Darrow Kirkpatrick from CanIRetireYet.com had this to say: “The initial setup was simple. The user interface is very attractive and intuitive. It feels like they’ve achieved a low barrier to entry… OnTrajectory is in the sweet spot that appeals to me. The site has a slick look and many nice touches.”  Barbara Friedberg, another financial journalist, is the founder of Barbara Friedberg Personal Finance and author of “Invest and Beat the Pros.” She endorsed OnTrajectory saying: “[It’s a] very consumer friendly and useful tool… Concept is great… I like that it’s not necessarily just a retirement tool… graphs, charts easy to interpret.”

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OnTrajectory: Features and Functions

See Where Your Money Is Taking You

moneyEyeOnTrajectory does not seek answers to questions like, “How much do I need to retire?” or “How much do my kids need for college?” It addresses a simple, central concern: “What’s my financial trajectory?” i.e. Are you on course for economic independence – or will you financially crash and burn? Here’s how we do that:

 

  1. Enter your unique Income, Expense, and Savings/Investment Items
  2. Set Age Ranges for each item, as necessary
  3. Enter unique criteria, including Tax and Growth Rates, for each individual Item or Range
  4. Create Expense Groups for budget tracking

Interactive Modeling & Simulations

mindChangePeople are visual, and they like to change their minds. OnTrajectory supports both of these very human traits – here’s how:

  1. Visually-engaging and interactive graphs
  2. Plot your Goals on future dates or for hypothetical rates-of-return
  3. “Exclude” items instantly for easy “what-if” analysis
  4. Visualize the effects of Inflation while working in “Today’s Dollars”
  5. Compare Average Growth, ‘Monte Carlo’, and Historical analyses all at one time

Start Simple & Refine Over Time

refineOther financial tools (online Retirement Calculators, Investment Simulators, etc.) love to set your goals for you. What’s more, they lack a way to track your progress toward achieving them. OnTrajectory provides a persistent, historical view that adds value to your data the more you come back. Yes, it’s super-simple to get started, but as your situation becomes increasingly complex, so does the information OnTrajectory can provide – here’s how:

  1. Track and save a History of your total progress and project it against your Trajectory
  2. Calculate individual Savings/Investment balances for any future-date
  3. View and analyze all underlying data
  4. Store your unique scenario through a secure connection to our server

More to Come

We are constantly adding new features and fine-tuning existing modules. We hope that OnTrajectory will become an indispensible part of your financial planning and that as we grow, so will you!