Money Tree's Financial Planning Software Blog


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. 


TOTAL - New Version: QBI Deduction, Increase Rates on Tax Data Items, Joint Misc. Insurance Ownership


by Carolyn Rothwell

The latest release of TOTAL, Money Tree's in-depth financial planning software, features three new options available within the plan data section. 

  1. QBI Deduction - Reflect the Qualified Business Income Deduction available to your client with a new option under Tax Details.
  2. Increase Rate of Tax Detail Items - Set Tax Detail items like Schedule D Capital Gains (Losses) to increase (or decrease) with a new Increase Rate option available for each tax detail item and future change. 
  3. Joint Miscellaneous Insurance - Capture jointly held Miscellaneous Insurance policies with a new joint insured option.

TOTAL: Planning Data - Future Change Table Amounts & Increase Rates


by Carolyn Rothwell

TOTAL, Money Tree's in-depth financial planning software,  captures details of clients' situations with the ability to add future changes at any age.  Future change tables are available throughout the planning data, allowing amounts to be changed, started or stopped anytime.  The future change tables also allow the associated increase (or decrease) rate to be changed. 

This blog post will break down and illustrate the relationship between the client's age, dollar amount, and the increase rate for the future change tables. 


Upcoming System Maintenance - Friday 5/11 at 6 PM PT


by Carolyn Rothwell

On Friday, May 11th system maintenance will begin at 6 PM PT (9 PM ET).

Scheduled maintenance will take place Friday the 11th starting at 6 PM PDT (9 PM EDT).  The online editions of Silver and TOTAL will be temporarily unavailable.


How Will the Tax Reform Affect my Tax Return? Answer Clients' Questions with TOTAL


by Carolyn Rothwell

Next week's tax filing deadline marks the last year of filing under the prior tax rules. With the 2017 tax returns filed or nearly filed, it's time to move away from the previous laws and focus on the impact the tax reform changes. The tax rule changes add a valuable discussion point when creating new or updating existing financial plans for your clients and prospects. Clients will be universally interested in understanding how the new tax law impacts their financial situation. Below are highlights of the tax rule changes which pertain to common tax situations. 



TOTAL Online 2018 State Tax Update - Opt In by Friday, April 20th


by Carolyn Rothwell

TOTAL, Money Tree's in-depth financial planning software, includes both federal and state income tax rates for detailed tax calculations.  TOTAL Online includes a feature allowing Money Tree to populate the tax information for all states in the program's settings.  State tax information for 2018 ready to send to participating TOTAL Online customers.  Please see a related blog post, State Income Tax Data for 2018, for details about the 2018 state tax changes. 


Additional Features of TOTAL's 2018 Tax Update


by Carolyn Rothwell

While TOTAL's 2018 tax update focused on ensuring tax law changes were built into the financial planning software, additional noteworthy changes are available in the most recent version.  


Traditional CPI (CPI-U) vs. Chained CPI (C-CPI-U) & TOTAL's Tax Projections


by Carolyn Rothwell

The new tax law uses the Chained Consumer Price Index for All Urban Consumers (C-CPI-U), instead of the Consumer Price Index for All Urban Consumers (CPI-U) to adjust for inflation. The change to tie inflation to the Chained Consumer Price Index is one of the few provisions applying to individual taxation that is permanent.  The Chained CPI provides a lower inflation measurement by adjusting for "substitution bias" which accounts for consumers choosing a substitute good available for a lower price.


Demonstrating the Impact of the Tax Cuts and Jobs Act on Clients' Financial Plans


by Carolyn Rothwell

Demonstrate the long-term impact of the Tax Cuts and Jobs Act on clients' financial plans in TOTAL by comparing sunset vs. no sunset options, and both the short-term effect by comparing financial plans using the current tax law vs. prior tax law.

TOTAL's cash-flow-based approach, Golden Years, completes a detailed tax calculation each year, proving an ideal planning platform for evaluating the effects of the tax law changes.  

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