Money Tree's Financial Planning Software Blog
Tags: Holiday Hours
To help advisors discuss the importance of Social Security claiming strategies with clients, a Social Security optimization feature is being added to Silver Financial Planner!
This new feature will allow advisors to explore five primary Social Security claiming strategies. New reports will compare the lifetime benefits of the available strategies, and the strategy selected by the advisor will be fully integrated into your clients' retirement projections. The filing strategies will be included on the "What If?" for instant side-by-side comparisons illustrating the impact of Social Security filing actions on the overall success of clients' retirement plans.
State tax rates for 2015 have been updated for TOTAL Online customers who opted to allow Money Tree to update the state tax information. You can review the state tax information by going to Settings and State Tax in TOTAL Online.
For TOTAL Planning Suite (desktop edition) customers, now is a great time to update your state tax rates if you haven't already. Learn more from our May newsletter Tech Tip: Entering State Tax Breakpoint.
Tags: TOTAL Online
TOTAL Online includes a feature allowing Money Tree to populate the tax information for all states and territories available in the program's settings. We have the most recent state tax information for 2015 ready to send to our participating TOTAL Online customers.
Tags: TOTAL Online
Required minimum distributions start at age 70.5, but they can be reported in Money Tree's TOTAL Planning Suite (Easy Money and Golden Years) as starting at age 69, 70, or 71 depending on a couple of factors. The first factor is the client's birth date, and the second is the date of the projection.
Did your clients wait until this week to file their taxes? If so, they are not alone. According to IRS data, nearly 13% of taxpayers wait until the final week of tax season to file, and the more taxpayers earn, the more likely they are to be a part of that 13%. While clients owing taxes might have financial incentives to wait, the majority are simply busy and do not carve out the time to prepare taxes until the deadline is upon them. Considering taxpayers filing a Form 1040 spend an average of 16 hours on their returns, it’s not a big surprise so many taxpayers wait until the deadline.)
Tags: Financial Planning
2015 Technology Tools for Today Annual Conference - Advisor's Edition
February 12-14 | Hilton Anatole | Dallas, TX
We are helping sponsor the 2015 T3 Advisor's Edition conference, which was listed as one of “The 8 Best Conferences for Financial Advisors in 2015” by Michael Kitces. This conference is geared towards new technologies available to financial advisors and we will be sharing our latest developments, including TOTAL Online. Money Tree's Donnie Carpenter, CFP® will be on a panel discussing financial planning software.
On Friday, February 13th TOTAL Online and Silver Online will be down for maintenance from 4:30-5:30 PM PST
(7:30-8:30 PM EST).
Money Tree needs to perform a maintenance item that require TOTAL Online to be down for a short period of time and have tried to schedule it during a time when it will have less impact on our customers. We are taking steps leading up to Tuesday to limit this downtime to be as short as possible.