You can edit the asset class for any holding by going to Cash Flow Inputs > Investment Accounts. You can assign one asset class to a holding or even assign a mix of asset classes. The application will remember this change going [...]
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168 ArticlesI have a lump sum pension coming and I want it all to go to an IRA I own. How do I specify that a cash inflow will go to a single investment account?
The default for a cash inflow, if the money isn't spent on expenses, is to go into taxable accounts proportionally based on their balances at that time. But you can change this as seen [...]
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 [...]
My credit card information has changed. How do I update my payment information?
Log in and click your username at the top right. Go to Subscription & Payment. Scroll down to find the section where you can add your new payment information. Then click the 'Update Payment Information' [...]
If I'm still working but not earning enough to cover my expenses, how do I model those expenses?
Enter such expenses in the Goals & Additional Expenses section. Set the Start Age to start now or sometime before retirement, and these expenses will be paid out of investment accounts. For example, say you are paying for a child's college education before retirement, and that expense will last four years. In the image below, this expense will start when at 56 and will last for 4 [...]
Where do I enter the payout of a life insurance policy?
Enter a payout or potential payout for life insurance in the Additonal Cash Inflows section. In the screenshot below, there is a life insurance payout when one plan participant dies at his life expectancy of age 90. The life insurance proceeds go to the surviving spouse. Like all cash flows from the Additional Cash Inflows section, the proceeds here will go into taxable investment accounts [...]
Why do the Dashboard and Monte Carlo projected investment values differ?
The Projected Investment Value at End of Plan shown on the Dashboard uses static annual return assumptions. uses varying investment returns across 1,000 simulations. The median is the 500th result out of 1,000 simulations, which generally will be lower than the static projected investment value seen on the Dashboard.Because Monte Carlo accounts for market variability and the timing of returns, its [...]
Why is my income or expense amount lower than what I entered for the current year?
WealthTrace uses the full annual income and expense amounts you enter in your plan. However, for the current year, only the amount remaining for the year is displayed in your projections.For example, if you enter $36,000 in annual Social Security income, WealthTrace uses the full $36,000 for the current year but only displays the prorated amount expected for the remaining months.Your full annual [...]
How do I upgrade from the Advanced version to the Deluxe and will the charge be pro-rated based on how much time is left in my subscription term?
To upgrade log in and click on your username at the top right. Go to ‘Subscription & Payment’. You will be taken to the Payment Information section. Select the Deluxe version and then enter your payment information towards the bottom of that page. Then click on ‘Update Payment Information’. The upgrade charge is pro-rated based on how much time is left in the subscription [...]
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 [...]