Money Tree's Financial Planning Software Blog


Retirement Plan Required Minimum Distributions (RMDs)


by Mark Snodgrass

Advisors often call in with questions about how to recognize RMD's in their financial planning software. Each program calculates RMD's, with their own ways of displaying. 

In the article provided, Money Tree Software president Mark Snodgrass goes over the various RMD rules for a variety of retirement plan types and where to go in each program to see those distributions. 


 

Retirement Plan Required Minimum Distributions (RMDs)

By Mark Snodgrass


Coming Soon to TOTAL Desktop - Capital Projection Graph


by Alexander Long

In the near future, Money Tree is looking forward to releasing a new feature for the users of the desktop edition of TOTAL: a retirement capital projection graph. 


TOTAL - Report Calculation Overhaul


by Alexander Long

The development team here at Money Tree is overhauling the calculation engine used in TOTAL. These changes are affecting some report pages before others so that the development team can make all the necessary changes while still being able to regularly update the program for bug fixes and some new features.


Silver Online - Client Access Walk-Through


by Alexander Long

The Client Access Portal in Silver Online gets updated frequently. This post was originally written June 28, 2018. It has been updated to cover information for the current Client Access Portal as of August 1, 2018. 

This article will go over the various sections in Silver Online pertaining to the Client Access Portal, which clients will see as the Secure Wealth Review when logging in.


Financial Information Categories - A Communication Perspective


by Mark Snodgrass

Communicating effectively with clients about the finer details of their finances can be a difficult task. Not only can it be difficult to get clients to feel comfortable sharing the personal details of their financial information, but the amount of information needed to create the best plan can make it easy to miss some important parts of a financial plan. 

 

In the article below, Money Tree Software president Mark Snodgrass provides his insights on various categories of financial information to help organize the information and determine what is important for a client's financial plan. 


Facts, Estimates, Objectives, Assumptions and Parameters

By Mark Snodgrass


Best Practices - Mortgage Payments in Silver


by Alexander Long

The question of how to handle mortgage payments in Silver comes up fairly often so this post is being updated to properly reflect the program as of July of 2018.  Handling mortgage payments incorrectly can lead to unintended consequences for a client's financial plan.  Find out what those consequences are and how to avoid them by following our tips to handle mortgages correctly in the post below. 
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Silver Online - Client Access Alerts


by Alexander Long

With our most recent update to Silver you probably noticed the bell icon labeled "Alerts" in the top right. This is part of our continued improvements to the client access side of Silver Online. With this new feature, advisors can better track when clients login to a provided Client Access Portal or if they've made a number of certain changes to their plan. Starting off, the alerts are limited to tracking whether or not someone logs into their Client Access Portal, and if they've made any changes to their total investments. For more information on Silver's Client Access click here.


Holiday Hours - Closed Wednesday 7/4 for Independence Day


by Alexander Long

 


Silver Online - Helping Clients Use the What-If? Screen


by Mark Snodgrass

Advisors using Silver Online may choose to allow clients access to the What-If? system within the client portal. This powerful tool allows clients to make certain changes to their planning assumptions and quickly see the effects on their retirement capital projection.


Tax Reform in TOTAL - Qualified Business Income Deduction


by Carolyn Rothwell

TOTAL, Money Tree's in-depth financial planning software, now includes the Qualified Business Income (QBI) deduction available to taxpayers engaged in a qualified trade or business.  The new provision introduced in the recent tax reform allows a deduction for up to 20% of QBI from sole proprietorships, limited liability companies (LLCs), S corporations, partnerships, real estate investments, trusts, and estates. 

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