Money Tree's Financial Planning Software Blog


Projecting Retirement Plan(s) Separately in TOTAL


by Carolyn Rothwell

Up to four retirement accounts can be projected separately in TOTAL, providing flexibility and control.  The default approach is to "pool" all the client's deductible retirement accounts into one report, and all the second client's  retirement accounts into a second report.


10-Year Cash Flow Detail - New Reports in TOTAL


by Carolyn Rothwell

New detailed cash flow reports are now available in TOTAL, allowing advisors to demonstrate year-by-year, line-by-line changes to income and expenses. The reports include a total age span of 10 years, broken into two reports each displaying a five year period.  The start age for the detailed cash flow reports defaults to client 1's retirement age and can be adjusted to start at any age


TOTAL - New Release Available Now


by Carolyn Rothwell

A new release of TOTAL is available now, featuring new detailed cash flow reports, allowing advisors to demonstrate year-by-year, line-by-line changes to income and expenses over a 10-year span. Learn about all the new features included in the latest release.  


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. 


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.


TOTAL Report Design Survey - Tell Us What You Think


by Carolyn Rothwell

The updated graphs in TOTAL's Easy Money and Golden Years have been available for just over a month. Advisors planning with TOTAL have shared varied reactions about the new look of the report graphics in Easy Money and Golden Years. We want to thank all of the advisors who reached out to us about the updated graphs took the time to share their feedback. We would love to know how the updated report graphics are working for you and your client presentations.


3 Types of Medicare Tax & Break Down Example in Golden Years


by Carolyn Rothwell

Medicare taxes are no longer comprised of a simple payroll tax for Americans with income exceeding certain thresholds. The Additional Medicare Tax and the Net Investment Income Tax were provisions of the Affordable Care Act of2013, increasing medicare taxes for higher-income Americans.    


Improved Graphs & Report Visuals -  TOTAL 2016 Summer Release (Part II)


by Carolyn Rothwell

The summer release of TOTAL adds new features and updates to improve your planning experience! This post focuses on improvements to the report visualsAn earlier blog post focused on the new feature to explore the Social Security Strategies available to your clients.  


New Social Security Strategies Feature - TOTAL 2016 Summer Release (Part I)


by Carolyn Rothwell

The summer release of TOTAL adds new features and updates to improve your planning experience! This blog post focuses on the new feature to explore Social Security Strategies available to your clients. A second blog post focuses on the improvements to the report visuals including the graphs, cover, dividers and illustrations.


Introducing TOTAL's Social Security Strategies and Redesigned Graphs


by Carolyn Rothwell

A summer release of TOTAL is now available which includes new features and updates to improve your planning experience. To help discuss Social Security claiming options with clients, a new Social Security strategies feature is now in TOTAL. TOTAL's Easy Money and Golden Years reports feature a new and improved look to enhance client presentations.

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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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