When WealthTrace calculates taxes resulting from a Roth conversion, those taxes are treated as an expense within the plan.Currently, WealthTrace pays those taxes in the following order:Taxable investment accounts - funds are taken from taxable accounts in the same order they would normally be used to pay other expenses.The IRA being converted - if there are no taxable funds available, WealthTrace [...]
Article search results for : "Account not updating"
168 ArticlesI want to link my accounts and pull in all of the balances and holdings. But for security reasons, I then want to have the auto-update turned off. How do I do this?
You can link accounts and then turn off the updating. Once this is done for an account, the login credentials are deleted from our linking partner, [...]
How Do I Enable Two-Factor Authentication?
To turn on Two-Factor Authentication (2FA), click your username in the top-right corner and select Account Information. Under your username, toggle 2FA on and then click Update to save your changes.Once enabled, the next time you log in, you’ll receive a security code at the email linked to your account. Enter that code to complete the login [...]
My linked investment accounts are not updating. The balances are old. How do I update them?
Click on the accounts with a warning symbol on the dashboard. The program will ask you to re-enter your login credentials. You only need to do this one time for each broker, not for each investment [...]
How often do my linked accounts update?
Linked accounts update each night with the closing day's investment balances and holdings [...]
My linked accounts are not updating and there is a red exclamation point next to them. What do I do?
Click on the warning symbol you see below.Usually you will just be asked to re-enter your login credentials and the accounts will synch again. If you encounter an error while attempting to re-link your accounts, please email us at [...]
How does security work in WealthTrace? How are usernames and passwords stored?
Important points about security, usernames, and passwords in WealthTrace:1) WealthTrace does not store any credit card information. 2) Your WealthTrace password is encrypted in our database so nobody can ever access it. 3) If you link your accounts, WealthTrace does not store your account numbers, usernames, or account passwords. 4) We use a third party () for linking account information. Yodlee [...]
How can I model an HSA or Retiree Health Account (RHA) to cover Medicare premiums and other healthcare expenses in WealthTrace?
WealthTrace allows you to model Health Savings Accounts (HSAs) and Retiree Health Accounts (RHAs), including investment growth and tax-free qualified withdrawals.However, WealthTrace does not automatically withdraw funds from an HSA or RHA to cover Medicare Part B and Part D premiums, including any IRMAA adjustments.Setting Up an HSA or RHA1. Disable Automatic Medicare EstimatesNavigate to Plan [...]
I see shortfalls when I am 55, just after I retire. But I have plenty of money in my investment accounts. Why are there shortfalls?
Shortfalls very early on usually occur because you don't have access to your traditional IRAs or 401(k) plan before age 59.5. The program defaults to not allowing withdrawals from qualified retirement accounts before this age. However, you can . If you don't have enough retirement income and money in taxable accounts and you're not taking qualified account withdrawals before age 59.5, there will [...]
How can I control which accounts are used first for withdrawals?
WealthTrace generally withdraws funds from accounts in the order they are listed. If a Roth account is being used before a taxable account, review the account order and move the accounts you want to use first higher in the list.Click the Reorder Rows button, then drag and drop the accounts into your preferred order, as shown in the screenshot below. Move the accounts you want WealthTrace to use [...]