How can I model an inheritance and specify where the money will go?

Enter a cash inheritance as a cash inflow in Cash Flow Inputs for the year it is received. You can assign the inflow to a specific destination account. The funds will be added to that account and assumed to be invested on a pro-rata basis using the account’s existing investment mix. For more information, see the [...]

Where should I enter accelerated RSU vesting?

Enter the value of the vested restricted stock units as a taxable cash inflow in Cash Flow Inputs for the year they vest. Because RSU vesting is generally treated as ordinary taxable income, it should not be entered as an investment account contribution. What happens after vesting may need to be modeled separately: If the shares are retained, increase the balance of the appropriate investment [...]

What should I do if I can’t log in?

If you use a password manager or browser password plug-in, try entering your password manually. In some cases, password tools can interfere with the login process. If that does not resolve the issue, please contact https://www.mywealthtrace.com/contact-us" target="_blank Support so our technical team can review [...]

Understanding Standard Deviation and Correlation in Monte Carlo

Monte Carlo analysis in WealthTrace models how your plan performs across a range of possible market conditions. Two key inputs that drive these results are standard deviation and correlation. Standard Deviation (Volatility) Standard deviation measures how much returns can vary from the average. For example, if an asset has: Average return: 8.5% Standard deviation: 17.3% Most years will fall [...]

How does account linking work in WealthTrace?

When you link an account in WealthTrace using Yodlee or Plaid, you are giving WealthTrace a secure, read-only connection to your financial institution, like your bank, brokerage, or retirement account. Here’s how it works: Link your account – On the WealthTrace dashboard, click the plus sign next to Investment Accounts and select the option to link an account. Select a connection provider – You [...]