I entered a date of 3/31/2040 for when an expense I entered will end. How does the program handle this expense in the final year, 2040?

Expenses that end on a date will be pro-rated for the year. WealthTrace uses calendar years, so if the expense is $10,000 and ends on 3/31/2040, the total amount for this expense in the year 2040 will be (90/365) * 10,000 = [...]

How are taxes on investment growth for taxable investments paid?

If the primary plan participant has not yet retired, the program assumes that taxes on dividends and interest are paid for out of salary. During retirement, these taxes are taken out of investment growth. Capital gains are treated [...]

What is the order of how income and investments are used for expenses in retirement?

When the primary plan participant is retired, expenses are funded in the following order: Salary from a spouse/partner who is still working Required minimum distributions Deferred compensation payments Income from entries in the Additional Cash Inflows section Social Security Pensions Investment growth and principal from taxable and tax-advantaged accounts first, then non-qualified accounts, and [...]

How do I view required minimum distributions (RMDs) that I do not use for expenses?

You can view the excess RMDs (over and above what's used for spending) by looking at the amount transferred to taxable accounts as seen in the screenshot below. RMDs that are not spent are only transferred to accounts labeled as 'taxable,' and are distributed pro rata to these accounts based on their balances at the time. [...]

When I have an expense, which sources of income are used to cover it first? What about investment assets?

The order is as follows: Additional Cash Inflows Social Security Pensions Required Minimum Distributions (RMDs) Deferred Compensation Taxable/Tax-Advantaged Growth Taxable/Tax-Advantaged Principal Non-Qualified Tax-Deferred Growth Non-Qualified Tax-Deferred Principal Qualified Tax-Deferred Growth Qualified Tax-Deferred Principal This is usually the most tax-efficient way to withdraw money. You [...]