Money Tree's Financial Planning Software Blog

Multiple Inherited IRAs in TOTAL

by Alexander Long

With the most recent update to TOTAL Planning Suite, the Inherited IRA feature has been updated to allow users to enter multiple Inherited IRAs. Each inherited IRA will have its own report page, so they can be entered in any pattern to illustrate even the most complex system of inherited IRAs.

Scheduled Maintenance - Saturday 7/27 at 9 AM PT

by Alexander Long

Scheduled maintenance will take place Saturday, July 27th, starting at 9:00 AM PDT (12 PM EDT) and lasting until 2:00 PM PDT (5 PM EDT). During this maintenance window you will be unable to access TOTAL Online or Silver Online.

Retirement, Market Uncertainty, and Monte Carlo

by Mark Snodgrass

Twenty years ago, Monte Carlo probability based methods found a place in the financial planning profession as advisors began to use these stochastic simulation models to show clients how different retirement strategies might be expected to perform under dynamic stresses of many varied potential economic and market driven futures. The advantage of probability based analysis over straight line deterministic illustrations lay in Monte Carlo’s ability to convey risk and volatility as unpredictable facts of financial life, and offer a technique to contrast and compare the risks and benefits of various planning options.

Money Tree Software Going Paperless!

by Accounting
We’re excited to announce that we are furthering our continuing efforts to be green by switching to paperless invoicing!  

State Income Taxes Updated for 2019 on TOTAL

by Alexander Long

2019 state tax income tax information is now available.  If you plan with TOTAL, Money Tree's in-depth financial planning software, it's standard practice to ensure the state tax rates are entered for all of the states your clients reside in and the rates are up-to-date each year. The Tax Foundation is an excellent resource for 2019 state tax rates.  

Both our online and desktop versions of TOTAL include a feature allowing Money Tree to populate the tax information for all states in the program's settings.  In the State Tax Settings section of each program there are inputs to adjust the tax data for each state. The "Reset All State Tax Settings" will clear any custom or out-of-date state tax information and fill it with current information on record at Money Tree.

In Online edition of TOTAL there is the "Allow Money Tree to Update State Tax" checkbox. If that box is checked, then Money Tree will automatically update the state tax information once per year, shortly after the information is updated.

This year, Money Tree will update the state tax information for all electing users one week from the posting of this blog: Tuesday, May 14.

Spring Silver Special

by Sales Team

Spring is here. It's a great time to add financial planning software to your advisor tool belt. Initiate a deeper financial conversation with your clients. Big-picture financial planning in minutes! 

Click here >>

If you have not found the right financial planning solution for your practice, or would like to explore additional options, start fresh with a new 30-day trial for spring.

Simply call our sales team (877-421-9815 ext. 4), or drop us a note at if you have questions.

RMD Start Ages in TOTAL - 69, 70, or 71?

by Alexander Long

In TOTAL there are 3 possible ages that RMDs appear on reports: 69, 70, or 71. This start age is dependent on the date the report is generated and the individual's date of birth. It can be difficult to explain how these situations arise without first looking at how report years work in TOTAL:

Scheduled System Maintenance Window - Friday 2/8 at 6 PM PT

by Alexander Long

To ensure Money Tree is delivering the best online experience, there will be some brief scheduled maintenance starting about 6 PM PT on Friday 2/8. While this important work is performed, some software functions may be briefly unavailable. 

2019 Tax Updates in Effect for Silver and TOTAL

by Alexander Long

With the new year, the IRS has released its adjustments to taxes in 2019. No major laws were passed affecting 2019 earnings or deductions; the IRS only made standard adjustments to index for inflation. Since the changes were much simpler, updating to reflect the changes has proven to be quicker this year. Both Silver and TOTAL are now updated to reflect these adjustments.

Annuities in TOTAL

by David Winslow

Annuities in TOTAL are typically represented as either Tax-Deferred Assets or as Other Income.  Adding annuities to a plan is easy and even complex annuities can be modeled with TOTAL’s powerful features. 

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