Under Account Assumptions for the retirement account, you have three options for early withdrawals as seen [...]
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126 ArticlesIn the Cash Flow Distributions section, the result of subtracting the 'Total Taxes & Tax Penalties' and 'Total Expenses' lines from the 'Total Income, Investment Growth & Cash Inflows' line does not equal the 'Surplus/Deficit (Net Change in Portfolio)' figure. Why is this?
This is due to showing projections in today's dollars. The 'Surplus/Deficit' row is calculated by subtracting the ending balance from the beginning balance of investments. This calculation takes into account the purchasing power lost due to inflation. This will not always tie out with the method of subtracting all expenses from income because that calculation does not take into account the [...]
My salary will vary significantly over the next few years. How do I handle this?
Before retirement, the program only needs to know how much you save each year. So if the extra money will be saved, the best way to handle this is to enter it each year in the Additional Cash Inflows section as you see in the image below. In this example, there are two years where the salary changes significantly. This excess salary will be added to taxable accounts on a pro-rata basis, based on [...]
What happens if I set a return manually for an investment?
If you manually enter an annual return for an investment account, that number will replace the return normally pulled from the asset class or holdings you’ve assigned.For example, if you have assigned your account the “Growth Stocks” asset class, overriding the return means the system will ignore the default return for Growth Stocks and use the number you entered instead.Keep in mind, if you [...]
I want to find the optimal Roth conversion strategy.
Roth Conversion OptimizationRoth Conversion Optimization helps you decide how much to convert from pre-tax retirement accounts (like a Traditional IRA or 401(k)) into a Roth account, and when to do it. Converting can be powerful because it turns pre-tax savings into tax-free growth, but it also creates taxable income in the year(s) you convert—so the “best” plan is usually about balancing taxes [...]
Why did my Monte Carlo results drop so dramatically?
It’s likely you have a “lockout” of funds that cannot be used when you need them. This is usually the culprit when Monte Carlo results seem to be way too low. This also can occur when Qualified Tax-Deferred accounts, such as IRAs, cannot be used before age 59.5. This is the default, but can be [...]
How do I delete an investment account?
Go to Cash Flow Inputs > Investment Assets and select the investment account you want to delete. Click or press the trash can image to delete [...]
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 [...]
I linked an account but now want to unlink it for security reasons. I would like to keep all of the information that is there, such as the asset class, balance, etc. How do I do this?
An account can be unlinked permanently from Yodlee while still keeping the information. See the screenshot [...]
How do I change my WealthTrace password?
Click your username at the top right, then go to Account Information. You can change your password as you see [...]