2008R2 Enhancements
Presented by
Trip Higginbotham
Summary of Voted Enhancements
Enhancement
Ability to Add Client Data across Multiple Scenarios
Detailed Analysis Tools – ETA, WDA, RTD, FNA, WS
Ability to Add Multiple Favorites in the ETA Print Options
Estate Tax Analysis
Illustrate Withdrawals from Proposed Annuities in RRM
Retirement Road Map
Desktop
Web
X
X
X
X
X
X
Change Look and Feel of FNA to be More like Life Goals
X
Financial Needs Analysis
Addition of Proposed Life Insurance to Annuity Strategies
Annuity Strategies
Addition of “Print on Behalf of another User” Function for BC and KP
Business Continuation, Key Person
Change “BV” to “Business Value Details” on button in BC and KP
Business Continuation, Key Person
X
X
X
X
2008R2 Enhancements
Additional “Free” Enhancements
Enhancement
“Downsizing” as a Planning Recommendation
Detailed Analysis Tools – ETA, WDA, RTD, FNA, WS
5% Owner Prompt on the Retirement Distribution Transaction
Detailed Analysis Tools – ETA, WDA, RTD, FNA, WS
Long-Term Care as a Trigger for Start and Stop Events
Detailed Analysis Tools – ETA, WDA, RTD, FNA, WS
“Save Favorites” for Additional Tools
WDA, RTD, FNA
Desktop
Web
X
X
X
X
X
X
X
X
2008R2 Enhancements
Add Client Data across Scenarios
Three Options
1. This scenario ONLY
2. Existing scenarios
3. Current Situation and ALL scenarios
Applies to the following data types:
•
Assets
•
Liabilities
•
Existing and Proposed Trusts
•
Retirement Plans, Existing
•
Proposed Insurance policies
(life, disability and long-term care)
•
Goals
•
Living Expenses
•
Transactions
*Some data entry could not be
accommodated.
2008R2 Enhancements
Multiple Favorites in ETA Print Options
To Create the Favorite:
1. Go to Print Options
2. Click “Save As Favorite”
3. Enter Name and
Description
4. Click “Save Favorite”
2008R2 Enhancements
Multiple Favorites in ETA Print Options
To Print Using a Favorite:
1. Select from list on right
side of Report Package
screen
*Click Trash Can icon to
delete Saved Favorite
2008R2 Enhancements
Proposed Annuity Withdrawals in RRM
Withdrawal Options
1. Percent of Annual Balance
2. Flat Amount w/ Inflation
3. Annuitant’s Start Age
4. Option to Switch to
Settlement Option
5. ROR for Annuity
2008R2 Enhancements
Update FNA Look & Feel
Consistent with Life Goals
1. Page Header Fonts & Style
2. Bullet-point Objectives &
Assumptions
3. Shadow Boxes
Rework Flow of Presentation
1. Re-title Retirement Pages
2008R2 Enhancements
Update FNA Look & Feel
Consistent with Life Goals
1. Page Header Fonts & Style
2. Bullet-point Objectives &
Assumptions
3. Shadow Boxes
Rework Flow of Presentation
1. Re-title Retirement Pages
2. Survivor Needs –
Survivor Income Needs
vs. Immediate Needs
2008R2 Enhancements
Update FNA Look & Feel
Consistent with Life Goals
1. Page Header Fonts & Style
2. Bullet-point Objectives &
Assumptions
3. Shadow Boxes
Rework Flow of Presentation
1. Re-title Retirement Pages
2. Survivor Needs –
Survivor Income Needs
vs. Immediate Needs
3. Disability – Add % of Net
Worth Lost at Retirement
2008R2 Enhancements
Update FNA Look & Feel
Consistent with Life Goals
1. Page Header Fonts & Style
2. Bullet-point Objectives &
Assumptions
Rework Flow of Presentation
1. Re-title Retirement Pages
2. Survivor Needs –
Survivor Income Needs
vs. Immediate Needs
3. Disability – Add % of Net
Worth Lost at Retirement
4. LTC for Client & Spouse
2008R2 Enhancements
Proposed Life Insurance in AS
Same Concept as Stretch IRA
1. Use Life Insurance to Pay
Estate and IRD Taxes
2. Annuity Stays in Tact to
Continue Growing TaxDeferred
2008R2 Enhancements
“Print on Behalf of” for BC and KP
Same As Detailed Analysis
1. Advisor Name appears on
the Cover Page
2. Home Office User is
Added as a Team Member
3. Journal Records both
Home Office and Advisor
2008R2 Enhancements
Rename “BV” Button for BC and KP
Renamed “Business Value Details”
1. Can be Removed if Needed
2008R2 Enhancements
Additional “Free” Enhancements
“Downsizing” as a Planning Recommendation
Access home equity during retirement by selling the primary residence and purchasing
a residence of lesser value.
5% Owner Prompt on the Retirement Distribution Transaction
Allows user to elect for RMD’s to be deferred (and contributions to continue) after the
required beginning date (70½).
Long-Term Care as a Trigger for Start and Stop Events
Especially important in RTD, WS, FNA where advisors can illustrate the effects of a longterm care event.
“Save Favorites” for Additional Tools
Implemented in WDA, RTD, FNA.
2008R2 Enhancements