How does the setting Rebalance Investments Annually work?

If the setting 'Rebalance Investments Annually' is set to Yes, the balances of accounts in each investment section will be rebalanced back to their share that existed at the beginning of the first year. For example, let's say you have two investment accounts in the Qualified Tax-Deferred section. The first has a starting balance of $500,000 and the second has a starting balance of $400,000. The [...]

I plan on withdrawing early from my IRA before age 59.5. How do I do this?

You can withdraw early and tell the program whether or not you will be penalized on the withdrawal using the setting for 'Allow Early Withdrawals'. src="https://cdn.livehelpnow.net/clients/21145/kb/early1_56b6c031-82be-4640-971b-a61d547d62b6.png" id="9d4dae09-e1c2-4caa-9125-5cf15bbe235e" alt="early1" width="90%" height="auto" [...]

If my expenses decrease or my salary goes up before retirement how does the program take this into account since living expenses don't start until retirement?

Before retirement the program assumes that whatever you don’t save, you must have spent. So if your expenses are reduced pre-retirement, this means your contributions to investments must have gone up, which in turn means you should be increasing your https://support.mywealthtrace.com/21145/kb/article/106920/where-to-add-savingscontributions-to-investment-accounts" target="_blank Annual [...]

Where do I see how much life insurance I might need?

Under Scenarios > Insurance > Life Insurance the program will solve for how much of a life insurance payout you need in order to sustain your desired standard of living if one spouse or partner passes away. src="https://cdn.livehelpnow.net/clients/21145/kb/lins3_b0bb043b-8cea-4e0f-8301-457ccdf6b112.png" id="9404a009-793c-4ceb-b7cb-54769e254d34" alt="lins3" width="90%" height="auto" [...]

Can I see if it makes sense to buy long-term care insurance?

WealthTrace has long-term care scenarios where you can see what happens if you need long-term care and don't have insurance vs. having insurance. You can find this under Scenarios > Insurance > Long-Term Care Insurance. src="https://cdn.livehelpnow.net/clients/21145/kb/ltc3_70c9d253-599c-4c15-93b0-dbc4a1235c7c.png" id="b36252d4-fc14-46cd-ab68-308d48ae567e" alt="ltc3" width="90%" [...]