I have the Individual version of WealthTrace and I own an annuity that will later convert to income payments. How do I model this?

The best way to model this type of annuity is to enter an investment in the Non-Qualified Tax-Deferred section where the principal and interest cannot be used. src="https://cdn.livehelpnow.net/clients/21145/kb/annuity1_825748e8-7eae-4294-a4a4-304c104cd4d4.png" id="753b4a7f-3115-4a61-bfee-e3585786f892" alt="annuity1" width="90%" height="auto" data-image="753b4a7f-3115-4a61-bfee-e3585786f892 [...]

When I add a new house purchase under Other Assets & Liabilities do I also need to add the costs for the sale under Goals and Additional Expenses and do I need to add the sale of the house under Additional Cash Inflows?

When adding a lialbility the program will ask you if you want to also add this to the Goals & Additional Expenses section. If you select Yes, the program will automatically add the payment for you as an expense in the Goals & Additional Expenses section. If you select No, but want it as an expense, you must manually add it to this section. If you plan on selling an Asset, you must add [...]

How do I tell the program that I would like a certain amount left at the end of the plan to leave to my family?

The best way is to enter the amount you would like left over as an expense in the Goals & Additional Expenses section. src="https://cdn.livehelpnow.net/clients/21145/kb/inher1_5e056108-9c9f-489c-9b1f-2a10306b4379.png" id="28a6ed00-4e2b-48a0-be1f-898fbf5f25f1" alt="inher1" width="90%" height="auto" data-image="28a6ed00-4e2b-48a0-be1f-898fbf5f25f1 [...]

I can't find where to tell the program I will have a Roth IRA conversion. Where is this done?

You must have an investment set up with an 'Account Type' of Roth IRA. You can then add the conversion information in the 'Annual Contribution' section as you see in the screenshots below. In this example this person is converting a manually entered dollar amount by year. Note that the program will add an inflation adjustment to these entries. For example, if it is 2024 and you enter a $10,000 [...]

Should I include taxes for Annual Living Expenses In Retirement?

No, this would be double-counting because the program calculates taxes for you each year in [...]