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 [...]

Can I view investment projections, such as projected balances, by each investment account?

Yes, you can view several projections broken out by each investment as you can see in the screenshot [...]

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. Then create an income stream in the Additional Cash Inflows section. See the example [...]

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 [...]