This page highlights the evolution of WealthTec Suite in 2008. Click here for a review of 2007 developments.
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New Estate Planning Product!

WealthTec is proud to announce the availability of EzEP (as in "Easy Estate Planning"), its latest innovative planning tool. The new tool is ideal for building integrated estate planning illustrations efficiently. Highlights are found here.

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FOUNDATIONS

• AllocationPro Module Added. This system now includes asset allocation planning through the AllocationPro module, so you can use it in a soup-to-nuts planning approach that encompasses asset allocation, lifetime cash flows and basic-to-advanced estate planning.
   
• Social Security Section Added. You can enter Social Security benefits on the Sources of Income screen in a dedicated Social Security section. The program computes projected retirement and widow(er) benefits on the basis of your inputs for the primary insurance amount (PIA) and the benefit commencement date. The pre-existing Social Security category can be used for other types of benefits (e.g., disability income, children's benefits).
   
• Disability Income & LTC Insurance Tracking. New categories for income and expense associated with disability income and long-term care insurance policies were added to the Sources of Income and Expense screens.
   
• Postmortem Distributions Refined. For qualified plans and traditional IRAs with a surviving spouse beneficiary, the postmortem distribution schedule is based on the surviving spouse electing to treat the inherited account as his/her own, while naming a new nonspouse beneficiary. This serves to extend the postmortem distribution period.
   
• Second Instance of Sale to Grantor Trust Added. You can model two installment sales to grantor trusts. Each can be combined with an irrevocable life insurance trust for a turbocharged IDGT-ILIT structure.
   
• Contributions Refined. For qualified retirement plans, matching contributions are limited so that the total contributions in a given year do not exceed the Section 415 allowance (plus catch-up contributions, if applicable).
   
• Charitable Bequests From Bypass Trust Allowed. You can set up a charitable bequest from the credit shelter bypass trust upon the death of the surviving spouse. The balance of the trust is transferred to heirs.
   
• Debt Service Enhancement. You can model additional fixed annual principal payments in EstatePro. These are applied on a prospective basis, starting with the current year (or later if they relate to future debts). In addition, EstatePro accommodates up to 15 debts.

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AFFLUENCE

• AllocationPro Asset Class Expansion. Asset classes were expanded to 20 and new defaults were established for asset class labels, returns, standard deviations and inter-class correlations, all of which are based on long-term historical data. Several default model portfolios were added as well. Remember that you can change any of these and even establish your own template that loads automatically each time you launch the program.
   
• Social Security Section Added. You can enter Social Security benefits on the Sources of Income screen in a dedicated Social Security section. The program computes projected retirement and widow(er) benefits on the basis of your inputs for the primary insurance amount (PIA) and the benefit commencement date. The pre-existing Social Security category can be used for other types of benefits (e.g., disability income, children's benefits).
   
• Disability Income & LTC Insurance Simplified. FinancePro input screens 17-19 were eliminated and replaced with new categories for income and expense associated with disability income and long-term care insurance policies on the Sources of Income and Expense screens.
   
• Postmortem Distributions Refined. For qualified plans and traditional IRAs with a surviving spouse beneficiary, the postmortem distribution schedule is based on the surviving spouse electing to treat the inherited account as his/her own, while naming a new nonspouse beneficiary. This serves to extend the postmortem distribution period.
   
• Contributions Refined. For qualified retirement plans, matching contributions are limited so that the total contributions in a given year do not exceed the Section 415 allowance (plus catch-up contributions, if applicable).
   
• Debt Service Enhancement. You can model additional fixed annual principal payments in FinancePro. These are applied on a prospective basis, starting with the current year (or later if they relate to future debts). In addition, FinancePro accommodates up to 15 debts.
   
• Data Export-Import. AllocationPro data override existing data in FinancePro only to the extent a current portfolio is used in AllocationPro. This means, for example, that if you use only four current portfolios (out of a possible 20) in AllocationPro that you can start data entry in FinancePro at Asset 5. This opens up a lot more data entry capabilities in FinancePro when AllocationPro is also used. Similarly, importing AFFLUENCE data into FOUNDATIONS involves data transfers between FinancePro and EstatePro only, thereby simplifying the data import feature.

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WEALTHMASTER

• Financial Profile Asset Class Expansion. Asset classes were expanded to 17 and new defaults were established for asset class labels, returns, standard deviations and inter-class correlations, all of which are based on long-term historical data. Several default model portfolios were added as well. Remember that you can change any of these and even establish your own template that loads automatically each time you launch the program.
   
• Contributions Refined. For qualified retirement plans, catch-up contributions are added to the Section 415 allowance in determining total contributions.
   
• Negative Growth Rates Accepted. With the exception of employer stock, the Cash Flow & Estate Planner can accept negative growth rates.

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SYNERGY

• Contributions Refined. For qualified retirement plans, matching contributions are limited so that the total contributions in a given year do not exceed the Section 415 allowance (plus catch-up contributions, if applicable).
   
• Debt Service Enhancement. You can model additional fixed annual principal payments in Synergy. These are applied on a prospective basis, starting with the current year (or later if they relate to future debts).