Money Tree's Financial Planning Software Blog


Converting a Rental into a Residence in TOTAL


by Carolyn Rothwell

Converting a rental into a primary residence is not a function built into TOTAL, but can be modeled thanks to TOTAL's flexible plan data. The steps include "selling" the rental at the time of conversion to stop the income, expenses and taxes associated with the rental property, making adjustments to the tax reports to offset any taxable gain from the "sale", and lastly "purchasing" a residence which offsets the cash flow proceeds from "sale" and adds the residence to the clients net-worth. 


Top Client Services: Retirement Income & Financial Planning


by Carolyn Rothwell

As we all know, there is much uncertainty surrounding the DOL fiduciary rule, which is due to take effect in less than two months. Regardless of if the DOL fiduciary rule is delayed, or a new rule is written to replace or even eliminate the current rule, the trend of advisors working to provide clients with more value, care, and transparency will continue.

A white paper by Nationwide and InvestmentNews Research explored how the DOL fiduciary rule might influence business models in the financial advice industry. When advisors were asked which services would provide clients the most value after the DOL fiduciary rule, retirement income planning and financial planning development garnered the top spots. The survey also asked which services would provide the most value to the firm after the DOL fiduciary rule and reported differences between the services value to the firm and value to the client.


The Ins & Outs of Stock Options in TOTAL


by Carolyn Rothwell

TOTAL's in-depth planning provides the ability to enter Incentive Stock Options and Non-Qualified Stock Options, including the grant price, strike price, appreciation rate and dates. The financial planning projections determines the cost and value of exercising options and selling stock and reports the amount and type of income subject to taxation. The tax effects will be estimated automatically. Restricted Stock Options can also be handled in the system by entering an option as a NQSO and setting the strike price as $0.


Current Asset Allocation Override Option in Silver


by Carolyn Rothwell

Silver is all about keeping planning simple, and a new option makes reflecting a client's current asset allocation even easier.


FAQ: Updating Desktop Editions of Money Tree Software


by Carolyn Rothwell

The process of updating the desktop edition of your financial planning software is designed to be quick and easy. Frequently asked questions and answers relating to the update process are included below


2017 Tax Updates Available Now for Silver and TOTAL


by Carolyn Rothwell

The 2017 tax updates for Silver and TOTAL are available now. The latest version includes updated income taxes, estate taxes, retirement plan contribution limits and Social Security estimates for 2017. 


Holiday Hours - Closed Monday December 26th


by Carolyn Rothwell

Money Tree will be closed Monday, December 26th to allow us to spend extra time with our friends and families.  We wish you a Merry Christmas and we look forward to working with you when we return with regular support hours on Tuesday, December 27th. 


10 Most Popular Blog Posts of 2016


by Carolyn Rothwell

It's officially December and the end of 2016 is rapidly approaching. As we start to wrap-up the year, we wanted to share the most popular blog posts of 2016.

First is a list of the top 10 most viewed posts published in 2016. A second list includes the top 5 posts by topic that received the most views during the year regardless of publishing date, including older but still popular posts.


Giving Our Thanks to You & Holiday Hours


by Carolyn Rothwell

We thank you for your tireless work helping improve people's (financial) lives and your support of our financial planning software. We hope you have an enormous amount to be thankful for this holiday season and enjoy a happy Thanksgiving holiday.  

Our office will be closed Thanksgiving day. If you need support or sales, please leave us a message by calling 877-421-9815 or send us an email.  We will return Friday with limited hours (8:00 a.m. - 12:00 p.m. PT) and back to our regular hours next week (6:30 a.m. - 5:00 p.m. PT) to help support your planning.  


Social Security Planning One Year After BBA


by Carolyn Rothwell

A year ago today the Bipartisan Budget Act (BBA) of 2015 was signed into law. The rule changes moved to simplify the system and close what are now being called “loopholes." The simplified rules mean that once an individual files for any of their Social Security benefits, they are deemed to have filed for all Social Security benefits for which they are eligible. Suspension of benefits will allow for Delayed Retirement Benefits to begin to accrue. However any benefits based on the wage earners benefits are also suspended, and when benefits are re-filed there are no retroactive benefits available.

One Year Later...