WealthTec Suite Developments
New Tools and Enhancements to Existing Products
This page highlights the 2010 evolution of
WealthTec®
Suite. Please click here
for a review of the extensive 2009 developments.
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Various
WealthTec Suite
Tools
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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.
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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.
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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.
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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.
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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).
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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.
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