Money Tree's Financial Planning Software Blog

Carolyn Rothwell

Carolyn enjoys spending her time building Money Tree Software's brand and products. Her experience creating and delivering financial plans for a full-service financial planning firm and supporting advisors working to provide the best planning to their clients as a Money Tree support member has provided an excellent understanding of the importance of financial planning.

Recent Posts

Top 5 Things to Know about Taxes in Silver

by Carolyn Rothwell

Silver's tax method holds true to its focus on simplicity. Silver accounts for the expense of taxes by charging every dollar of taxable income for taxes using the provided tax rate. Planners are asked to provide the effective tax rate to use for the projection. The tax rate can set for pre- and post-retirement periods. Learn about the tax method, ways to calculate the clients's tax rate, and how the tax rate is applied to income sources and assets below.   

Silver - 2018 Tax Update Available Now

by Carolyn Rothwell

The 2018 tax update for Silver is available now. The latest version includes updated estate taxes, retirement plan contribution limits and Social Security estimates for 2018. 

Tax Cuts and Jobs Act & Financial Planning Software Updates

by Carolyn Rothwell

The Tax Cuts and Jobs Act (TCJA) was signed into law December 22nd. Tax law changes take effect January 1, 2018. A majority of the tax law changes applying to individuals are not permanent and are scheduled to sunset after 2025, reverting to the law in effect prior to the TCJA. The major changes to individual tax planning stemming from the new tax legislation are included below. Details of the tax laws can be found by reading the final bill and the Joint Explanatory Statement of the Committee of Conference.

The new legislation requires significant changes to the tax calculations in Money Tree's financial planning software, impacting the timeline for the 2018 tax update. The tax changes are the top priority for the software and development is underway.

Reflecting Investment Strategy Changes in TOTAL

by Carolyn Rothwell

TOTAL allows investment strategy changes to be reflected in a client's financial plan at any age thanks to the flexibility provided by the future change tables.

10 Most Popular Blog Posts of 2017

by Carolyn Rothwell

It's officially mid-December, and the end of 2017 is rapidly approaching. As we start to wrap-up the year, we wanted to share the most popular blog posts of 2017. This list includes the top 10 blog posts published this year, ordered by the number of views.

Silver's Retirement Capital Analysis Spending Needs

by Carolyn Rothwell

The Spending Needs amount on Silver's Retirement Capital Analysis is straightforward for single clients or when both individuals retire in the same year, but it is not as clear for couples when one individual retires and the second continues to work.

Silver begins the expenses upon the first retirement.  For couples, when an individual continues to work after the other is retired, the expense amount is reduced on the Retirement Capital Analysis by the net effect of his or her earned income. 

Tax Changes for the 2018 Tax Year

by Carolyn Rothwell

JANUARY UPDATE:  The Tax Cuts and Job Act was signed into law December 22, 2017.  The new legislation requires significant changes to the tax calculations in the software, which will impact the timeline for the 2018 tax update. The tax changes are the top priority for the software and development is underway.

2018 Retirement Plan Limits Announced by IRS

by Carolyn Rothwell

The IRS announced the retirement plan limits for 2018. The 2% cost-of-living index drove annual inflation adjustments for the 2018 tax year for most items, but it was not enough to bump up the contribution limits for IRAs / Roth IRAs.

Social Security Benefits Increase by 2% for 2018

by Carolyn Rothwell

Social Security Administration announced last week that benefit payouts will increase by 2% for 2018, raising the average benefit by about $27 a month.  This is the biggest bump in five years. 

Client Access and Report Enhancements in Silver - Available Now

by Carolyn Rothwell

Client access and reports updates are available in the latest release of Silver. 

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Planner Guides

Check out our free informational guides for advisors including:
  • Fundamental Financial Planning Interview Guide 
  • Making the Most out of Planning Engagements
  • Social Security: Choices Opportunities, and Decisions
  • Understanding Medicare Fundamentals

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