^{Retirement Solutions}

Lump Sum Distribution:   Illustrates the opportunities for special tax treatment when an individual receives distributions from a qualified retirement plan.   The Lump Sum Distribution determines if the client is qualified to use the 5 year and 10 year average tax treatment, computes the tax and compares the results to taking the money with no special treatment and with an IRA rollover.

The program projects both a level income and minimum distribution income stream before and after tax.   It computes the early and excess distribution tax penalty and uses either single (Table V) or joint (Table IV) life expectancy calculations.

72(t) Income Options:  This program has been popular with mutual fund companies, broker/dealers and insurance companies.   In fact, some of our customers have told us that they have never had a software program that has been responsible for helping them locate and close so many big ticket sales.   The 72(t) report is used for customers who want to know how much they can withdraw from a qualified plan prior to age 59.5 without the early distribution penalty tax.   The program computes the amortized, annuity and minimum distributions allowable, and also has a powerful estate shrinkage report to show how much taxes will take from the account at death, and how life insurance can be used to conserve the plan values for the heirs.

Retirement Capital Projections:   This is a powerful report that will show your customer how long their money will last in retirement.   It projects the income needed, pensions, social security, and other income available, and then shows the capital account at two different rates of return.   It can be a powerful way to show the client that the money won't last long enough at the current rate, and how improving the rate of return even a little can give them the money they need for their retirement.

Qualified Plan:  Determines the advantages of saving money on a tax favored basis with a qualified retirement plan.   It includes calculations of the deduction phase-out based on the client/spouse participation in a qualified retirement plan and level of Adjusted Gross Income.   The plan may be used for IRA, TSA, 401k or SEP plan.   Shows accumulation of capital in a taxable savings account compared to using a qualified plan, like IRA, 401k, Keogh or SEP. 

Cost of Waiting:  Show your reluctant client the results of waiting one or more years to fund his retirement, or the benefit of funding an IRA at the beginning of the year instead of waiting until tax return time.

Retirement Plan Exchange:   If the client has an existing IRA or other plan and you want to show the results of reinvesting the funds under your direction, this will do the job.   It considers the cost of repositioning the assets, shows the accumulate of funds and shows the income available before and after taxes. 

Elderly Tax Planner:  This report shows your client the results of repositioning his assets over a five year period.   Enter the income desired, the pensions and other income sources available and the client's asset accounts: taxable, tax-deferred, tax-free, equities, other investments, and retirement plans.    It illustrates the results of cash flow, taxes and asset balances before and after planning.

Breakeven Comparison:   Should your client start an IRA account if he may need to liquidate it early?   This report will compare an IRA to a savings account, assuming the IRA is liquidated, and compute how long he would have to keep the IRA in order to breakeven after-tax compared to the savings account.