2008r2 enhancements presented by trip higginbotham
TRANSCRIPT
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