When does the program update new tax brackets and tax laws?

The program is updated at the end of every year with new federal tax brackets. If there is a major change in federal tax rules at any time during the year, we will update those changes as soon as possible when they go into [...]

Why do my cash inflows and expenses start in the second year of the plan when I am 60 today? I will be 62 in two years, and I set the Start Age to age 62. I would think these cash flows would start in the third year of the plan.

It is very important to understand the assumptions the program is using for cash inflows and expenses. The following logic applies to any input that uses the Start Age to determine when an inflow or outflow occurs. Let's say you have entered a Start Age for an Additional Cash Inflow of 62. The Primary User is 60 today (which is 10/7/2021) and turns 62 on 6/10/2023. In planning year 1 the user is [...]

I have the multiple plans feature and I want to start with a copy (duplicate) of my base plan. How do I do this?

To copy a plan click the ‘Duplicate’ icon as you see below. You can then create a 'Plan Name' and modify the duplicated plan. src="https://cdn.livehelpnow.net/clients/21145/kb/dupl1_db1e0106-9ad9-452e-b244-375dc0991a4e.png" id="4709e844-23fa-4d1a-9efd-9241b075d21f" alt="dupl1" width="90%" height="auto" [...]

How do I model a CD (certificate of deposit)?

CDs should be modeled in the Additional Cash Inflows section. When the CD matures the money will flow into the taxable accounts pro-rata based on their balances at that time. The CD below matures one year from now (it was bought a year ago). The owner paid $10K for the CD and it returns $15K two years later, which is roughly a 2.5% annual yield. [...]

How do I add the multiple plans feature so I can save more than one plan?

Go to your username at the top right and select "Subscription & Payment'. Then select the toggle for 'I want to run and save multiple plans'. Enter your payment information again and click Update Payment Information. src="https://cdn.livehelpnow.net/clients/21145/kb/mplans1_4fef019a-0e8b-4fd1-843e-fb4bcc79c92e.png" id="9295fed0-3ef2-4529-a19d-c9e3a9e5e15f" alt="mplans1" width="90%" [...]