2008R2 Enhancements Presented by Trip Higginbotham

2008R2 Enhancements

Presented by Trip Higginbotham

2008R2 Enhancements

Summary of Voted Enhancements Enhancement Desktop Web

Ability to Add Client Data across Multiple ScenariosDetailed Analysis Tools – ETA, WDA, RTD, FNA, WS X X

Ability to Add Multiple Favorites in the ETA Print OptionsEstate Tax Analysis X X

Illustrate Withdrawals from Proposed Annuities in RRMRetirement Road Map X X

Change Look and Feel of FNA to be More like Life GoalsFinancial Needs Analysis X

Addition of Proposed Life Insurance to Annuity StrategiesAnnuity Strategies X X

Addition of “Print on Behalf of another User” Function for BC and KPBusiness Continuation, Key Person X

Change “BV” to “Business Value Details” on button in BC and KPBusiness Continuation, Key Person X

2008R2 Enhancements

Additional “Free” Enhancements Enhancement Desktop Web

“Downsizing” as a Planning RecommendationDetailed Analysis Tools – ETA, WDA, RTD, FNA, WS X X

5% Owner Prompt on the Retirement Distribution TransactionDetailed Analysis Tools – ETA, WDA, RTD, FNA, WS X X

Long-Term Care as a Trigger for Start and Stop EventsDetailed Analysis Tools – ETA, WDA, RTD, FNA, WS X X

“Save Favorites” for Additional ToolsWDA, RTD, FNA X X

Add Client Data across Scenarios Three Options1. This scenario ONLY2. Existing scenarios3. 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

To Create the Favorite:1. Go to Print Options2. Click “Save As Favorite”3. Enter Name and

Description4. Click “Save Favorite”

2008R2 Enhancements

Multiple Favorites in ETA Print Options

2008R2 Enhancements

Multiple Favorites in ETA Print OptionsTo Print Using a Favorite:1. Select from list on right

side of Report Package screen

*Click Trash Can icon to delete Saved Favorite

Withdrawal Options1. Percent of Annual Balance2. Flat Amount w/ Inflation3. Annuitant’s Start Age4. Option to Switch to

Settlement Option5. ROR for Annuity

2008R2 Enhancements

Proposed Annuity Withdrawals in RRM

Consistent with Life Goals1. Page Header Fonts & Style2. Bullet-point Objectives &

Assumptions3. Shadow Boxes

Rework Flow of Presentation1. Re-title Retirement Pages

2008R2 Enhancements

Update FNA Look & Feel

Consistent with Life Goals1. Page Header Fonts & Style2. Bullet-point Objectives &

Assumptions3. Shadow Boxes

Rework Flow of Presentation1. Re-title Retirement Pages 2. Survivor Needs –

Survivor Income Needs vs. Immediate Needs

2008R2 Enhancements

Update FNA Look & Feel

Consistent with Life Goals1. Page Header Fonts & Style2. Bullet-point Objectives &

Assumptions3. Shadow Boxes

Rework Flow of Presentation1. 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 Goals1. Page Header Fonts & Style2. Bullet-point Objectives &

Assumptions

Rework Flow of Presentation1. 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

Update FNA Look & Feel

Same Concept as Stretch IRA1. Use Life Insurance to Pay

Estate and IRD Taxes2. Annuity Stays in Tact to

Continue Growing Tax-Deferred

2008R2 Enhancements

Proposed Life Insurance in AS

Same As Detailed Analysis1. Advisor Name appears on

the Cover Page2. Home Office User is Added

as a Team Member3. Journal Records both Home

Office and Advisor

2008R2 Enhancements

“Print on Behalf of” for BC and KP

Renamed “Business Value Details”1. Can be Removed if Needed

2008R2 Enhancements

Rename “BV” Button for BC and KP

“Downsizing” as a Planning RecommendationAccess home equity during retirement by selling the primary residence and purchasing a residence of lesser value.

5% Owner Prompt on the Retirement Distribution TransactionAllows 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 EventsEspecially important in RTD, WS, FNA where advisors can illustrate the effects of a long-term care event.

“Save Favorites” for Additional ToolsImplemented in WDA, RTD, FNA.

2008R2 Enhancements

Additional “Free” Enhancements