Product Release Notes
RELEASED - January 2024
EarlyRetire Pro™ 2024
New in this release:
- Medicare Part B and D premiums, capital gains and estate tax brackets,
and parameters for ACA tax credit eligibility and amounts are updated for 2024.
-
Fixed Assets (illiquid assets such as your home) can now be added to your Plan
so that they are included in your net worth and your estate. Fixed Assets can
have beginning and ending dates, a rate of appreciation, and other details, and
can be tied to Financial Events to model a mortgage or house sale.
-
Scenarios consisting of user-defined sets of
Financial Events and Fixed Assets can be saved for easy selection, enabling you to easily compare
multiple options in a single Plan.
-
Folders for Financial Events and Fixed Assets can be created in the
Financial Event & Fixed Asset list, allowing you to group existing Events and
Assets for easy organization and decluttering. Folders can be
activated/deactivated just like individual Events or Assets.
-
A new Tax Leveling feature (Add Income slider) allows you to add a specified amount to your
taxable income each year (above that which is determined by your selected tax
leveling method), allowing you more control over lifetime tax management and
cash flow. You can use this feature to increase or reduce taxable income in
early years, thus shifting tax burden from or to later years.
-
Remove a Spouse: A new function automatically adjusts your Plan for the death
of you or your spouse, to make it easy for you or a loved one to quickly create
an ongoing Plan in the event of an unplanned death.
- A Deferred Compensation Financial Event has been added to model
salary earned in pre-retirement, retained as an investment, and then paid out
during post-retirement.
- Financial Events can now be set to continue until End of Plan
regardless of either participants' life expectancy(s), and can be set to start
at either participant's death.
|