This page highlights the 2010 evolution of WealthTec® Suite. Please click here for a review of the extensive 2009 developments.
____________________________________________________________________________________________________

Various WealthTec Suite Tools

• Deferred Compensation Income Taxability in Synergy Now User-Defined. The portion of deferred compensation income that is subject to tax is now controlled by a user-defined variable. Previously, Synergy taxed this type of income in full.
   

• New Cash Flow & Estate Planner Report. A new Financial Assets & Cash Flow Summary report highlights key quantitative and graphical results. The numerical section displays the client's (or surviving spouse's) age at which financial assets are depleted (if applicable), along with the ending balances of financial assets and the cash flow deficit-funding loan. It also displays the present value of cash inflows and outflows. Graphs showing annual cash flows and financial asset tends are also included.
   

• Unrealized Gains in CRTs Now Reduced by Gains Triggered on Certain Trust Payouts. Capital gains triggered on CRT payouts in excess of ordinary income, qualified dividends, planned capital gains and tax-exempt income in the aggregate were not reducing unrealized gains in the trust. This fix affects the Cash Flow & Estate Planner, CRUT Planner, CRUT WRT Planner, CRAT Planner, CRAT WRT Planner, DeferredComp CRT Planner, FlipCRUT Planner and RP CRT Planner.
   

• Roth IRA Conversion Planner Distributions Consumed Has New Option. In the IRA DISTRIBUTIONS CONSUMED section you can now select "RMDs," in which case the consumption amounts in each scenario equal the after-tax required minimum distributions in the Baseline Scenario (over the period you define). These are distributions that are not reinvested in the taxable account.
   

• Assumptions Page Reference to Transfer Tax Laws In Effect Fixed. In numerous modules the Tax laws to apply - estate, gift & GST selection was not properly reflected on the Assumptions schedule. This has been fixed. Calculations were unaffected, and have always reflected the input selection made (i.e., this fix was essentially cosmetic).
   

• Roth IRA Conversion Planner Death Before RBD with Nonspouse Beneficiary Fixed. Prior to the fix, if the IRA owner died before reaching his/her required beginning date for RMDs and the beneficiary selection was "Nonspouse" the tool would blow up.