IN Tech

Moneytree Software introduces Roth IRA conversion, other tools

February 15, 2010 11:34 pm ET

Many of the vendors in the financial planning space have issued updates to their software or introduced entirely new Roth IRA conversion calculators in the last year.

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Now Money Tree Software has expanded the Roth Conversion Analysis model in its “Distribution Solutions" software. It has updated calculations and reports based on a lot of adviser feedback over the last several months. Included among the changes are more detailed tax analysis considerations on single or multi-year conversion examples, inclusion of taxable accounts for opportunity-cost tracking, and tax calculations are now performed with tax brackets indexed for inflation.

Advisers can quickly run calculations to check out potential costs and benefits of a conversion and generate a twelve-page report outlining the conversion effects in multi-page pages detailed calculation tables that illustrate taxes.

Distribution Solutions contains the Roth Conversion Analysis, 72(t) & RMD Reports, Pension Annuity vs. Lump sum, Pension Dimensions, Lump Sum Distribution versus IRA Rollover, and Inflation Effects Illustration.

The software is available for a two-week trial. Initial cost for the software is $269 and thereafter an annual renewal fee of $100. You can see a sample IRA to Roth Conversion report, as well as those of the other modules in PDF format at DSReport.