Renamed from "Nest Egg Early Retirement Pro" to "EarlyRetire Pro".
An expanded, professional Report with integrated integrated charts, diagrams and educational sections can
be printed or saved to a viewable HTML file. The new customizable Report includes title
pages with your company information, appendices, descriptions of the
EarlyRetire model, Monte Carlo simulation, the distribution algorithm, and more. The
Report is more informative within the plan sections, inserting captions and
explanations, and showing all relevant inputs and results. Appendices, charts, client or corporate information, and other pages
can be optionally included or excluded. A Print Preview helps you design
reports to your liking.
New IRS rules allow you to convert your 72(t) plan from the Annuity or
Amortization method to the Minimum Distribution method once during your 72(t) period. This can potentially save you money. EarlyRetire
now takes advantage of this rule by converting your 72(t) plan to the
Minimum Distribution method in a year you specify, or it can be set to automatically convert
your 72(t) method as part of your plan if and when EarlyRetire determines it is
to your benefit.
The IRS allows you to take penalty-free withdrawals from a 401(k) before you are 59½ if you retire after age 55.
EarlyRetire now uses your specified 401(k) funds to provide early penalty-free retirement distributions whenever possible, reducing
your taxes and increasing your retirement income.
Roth IRA contribution rules have been updated to reflect new IRS
regulations for 2010 and beyond.
New variables are added to allow you to more easily model your debts and
liabilities.
Monte Carlo Probability is calculated differently. Probabilities for both the Pre- and Post-retirement periods
are now displayed separately on the Planner, and a third probability is calculated for the entire time span of the plan (displayed at
the top of the Planner). All three values are calculated using real market data over random periods in history.