I plan on withdrawing early from my IRA before age 59.5. How do I do this?

You can withdraw early and tell the program whether or not you will be penalized on the withdrawal using the setting for 'Allow Early Withdrawals'. src="https://cdn.livehelpnow.net/clients/21145/kb/early1_56b6c031-82be-4640-971b-a61d547d62b6.png" id="9d4dae09-e1c2-4caa-9125-5cf15bbe235e" alt="early1" width="90%" height="auto" data-image="9d4dae09-e1c2-4caa-9125-5cf15bbe235e [...]

If my expenses decrease or my salary goes up before retirement how does the program take this into account since living expenses don't start until retirement?

Before retirement the program assumes that whatever you don’t save, you must have spent. So if your expenses are reduced pre-retirement, this means your contributions to investments must have gone up, which in turn means you should be increasing your https://support.mywealthtrace.com/21145/kb/article/106920/where-to-add-savingscontributions-to-investment-accounts" target="_blank Annual [...]

Where do I see how much life insurance I might need?

Under Scenarios > Insurance > Life Insurance the program will solve for how much of a life insurance payout you need in order to sustain your desired standard of living if one spouse or partner passes away. src="https://cdn.livehelpnow.net/clients/21145/kb/lins3_b0bb043b-8cea-4e0f-8301-457ccdf6b112.png" id="9404a009-793c-4ceb-b7cb-54769e254d34" alt="lins3" width="90%" height="auto" [...]

Can I see if it makes sense to buy long-term care insurance?

WealthTrace has long-term care scenarios where you can see what happens if you need long-term care and don't have insurance vs. having insurance. You can find this under Scenarios > Insurance > Long-Term Care Insurance. src="https://cdn.livehelpnow.net/clients/21145/kb/ltc3_70c9d253-599c-4c15-93b0-dbc4a1235c7c.png" id="b36252d4-fc14-46cd-ab68-308d48ae567e" alt="ltc3" width="90%" [...]

How do I add a company match for my 401(k) account?

You can enter a company match for contributions to a 401(k) plan as seen in the screenshot below. The match is based on a percent of your contribution. In the example below, the company match would be 0.5 * 15,000 = 7,500. The match is limited by the Max. Match (% of Salary). If the Max. Match is set to 25% and your salary is $100,000 per year, the company match cannot go over $25,000. [...]