Money Tree's Financial Planning Software Blog


Illustrating Roth IRA Conversions / Rollovers in TOTAL


by Carolyn Rothwell

Converting a traditional IRA (or any other eligible retirement plan) to a Roth IRA is simple to illustrate in TOTAL by using the Monthly Additions/Withdrawals tab of the Asset Details input.  


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


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.


Entering HSA and FSA in TOTAL


by Carolyn Rothwell

Health Savings Accounts and Flexible Spending Accounts are common tax savings vehicles. This tech tip will walk through entering both types of tax-advantaged accounts in TOTAL. 


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.    


Report Selection - Creating Custom Report Sets in TOTAL


by Carolyn Rothwell

While planning requires detailed output to verify and confirm the planning model, the report the client sees can often be much shorter. Fewer pages can let you focus on the primary issues and keep your conversation with your client on track. TOTAL's custom report option offers the ability to create, save and use page collections to fit your presentation preferences.


Cover Page Customization in TOTAL (Easy Money & Golden Years)


by Carolyn Rothwell

Advisors can easily customize the information that appears on the cover page of TOTAL’s Easy Money and Golden Years reports.

The information planners can customize for the cover page includes:

  1. Cover Date
  2. Report Title
  3. Client Name
  4. Scenario Name
  5. Logo
  6. Advisor Information
  7. Cover Justification
  8. Report Font
  9. Font Heading Color

Capturing Business Income and Sale Proceeds in TOTAL


by Carolyn Rothwell

Businesses introduce several unique characteristics for planning purposes. Each business includes several factors:

- Business value and appreciation
- Spendable cash flow
- Taxable income

There are several ways to account for business values in TOTAL.  The most straightforward method is capturing the net value impact of the business as detailed in this post. 


2016 State Tax Rates - Update TOTAL's State Tax Settings


by Carolyn Rothwell

If you plan with TOTAL, its good practice to ensure the state tax rates are entered for all of the states your clients reside in and the rates are up-to-date each year. The Tax Foundation has a great resource for 2016 state tax rates.  The online edition of TOTAL includes a feature allowing Money Tree to populate the tax information for all states and territories available in the program's settings.  


Illustrate a Capital Loss Carryforward in TOTAL Planning Suite - Golden Years


by Carolyn Rothwell

If your clients' have a capital loss they are carrying forward, you can easily enter the amount of the loss into TOTAL Planning Suite. Golden Years will first use any capital losses to offset capital gains, then allow the allowable $3,000 capital loss to be deducted against ordinary income per year, and lastly, carry any remaining capital loss forward. 

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