How do I change the order in which funds are withdrawn from my investment accounts?

If the program needs to use investment income and/or principal it will use money from the Taxable & Tax-Advantaged accounts first, then Non-Qualified accounts, then Qualified Tax-Deferred accounts last. However, within those sections you can control the order of withdrawal by clicking on the re-order icon and then dragging and dropping rows as you see in the screenshot below. [...]

Does the input for Annual Living Expenses in Retirement include taxes?

The input for Annual Living Expenses in Retirement is before taxes, but the program calculates income and investment taxes for you, so do not add in those taxes there. However, taxes such as property taxes need to be entered by the user, either in this field or in the Goals & Additional Expenses [...]

I have an inheritance coming in the future that will not be taxed. How do I enter a 0% tax rate for this in the Additional Cash Inflows section?

You can change the tax rate for an Additional Cash Inflow to any tax rate you want. See the screenshot below. You can edit the value in the dropdown box by directly typing into it. src="https://cdn.livehelpnow.net/clients/21145/kb/ctax1_b2fbc9f6-413f-46e9-ae6c-feacc6d1a3c9.png" id="f1ed153a-ad75-4f82-b86c-9b9a7ccf368e" alt="ctax1" width="90%" height="auto" [...]

My linked accounts are not updating and there is a red exclamation point next to them. What do I do?

Click on the warning symbol you see below. src="https://cdn.livehelpnow.net/clients/21145/kb/warning1_15ddd8d6-fd7d-42dc-aab2-1a38839ac2c4.png" id="7f022f2d-2b63-4524-8ec4-6dffac37f48f" alt="warning1" width="90%" height="auto" data-image="7f022f2d-2b63-4524-8ec4-6dffac37f48f Usually you will just be asked to re-enter your login credentials and the accounts will synch again. If you encounter an [...]

How are capital gains calculated? Where do I change capital gains assumptions such as cost basis and the percent of the return due to capital gains?

WealthTrace uses the First In First Out (FIFO) method along with the cost basis of an investment account. to determine if capital gains taxes are owed. FIFO means the program assumes the first shares bought are the first shares sold. This means all of the withdrawal in excess of the basis is considered taxable when it is sold. The cost basis declines by the amount of the withdrawal and then once [...]