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Wealthy and Wise ® Version 8.0 Enhancements. Wealthy and Wise has significant capacity for comprehensive retirement, wealth preservation, and charitable.

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Presentation on theme: "Wealthy and Wise ® Version 8.0 Enhancements. Wealthy and Wise has significant capacity for comprehensive retirement, wealth preservation, and charitable."— Presentation transcript:

1 Wealthy and Wise ® Version 8.0 Enhancements

2 Wealthy and Wise has significant capacity for comprehensive retirement, wealth preservation, and charitable planning. Due to its comparative logic (“here’s what happens if you do -- here’s what happens if you don’t”), Wealthy and Wise has become the industry’s preeminent planning software with close to 50,000 licensees nationally. If you are currently licensed and active on maintenance for Version 7.0 of Wealthy and Wise, there is no additional fee required to download Version 8.0. The purpose of the presentation you are now viewing is to highlight the enhancement features of Version 8.0; however, if you are not currently licensed for Wealthy and Wise, this presentation will likely not contain enough information for you to make a licensing decision. For more information, about Wealthy and Wise, visit our Product Center at or call an InsMark account executive at InsMark ( ). Wealthy and Wise has significant capacity for comprehensive retirement, wealth preservation, and charitable planning. Due to its comparative logic (“here’s what happens if you do -- here’s what happens if you don’t”), Wealthy and Wise has become the industry’s preeminent planning software with close to 50,000 licensees nationally. If you are currently licensed and active on maintenance for Version 7.0 of Wealthy and Wise, there is no additional fee required to download Version 8.0. The purpose of the presentation you are now viewing is to highlight the enhancement features of Version 8.0; however, if you are not currently licensed for Wealthy and Wise, this presentation will likely not contain enough information for you to make a licensing decision. For more information, about Wealthy and Wise, visit our Product Center at or call an InsMark account executive at InsMark ( ).

3 Enhancement #1 Interest-Only Mortgage for Personal Residence New Menu Prompts O Amortized loan O Interest-only loan

4 Enhancement #2 Refinance Mortgage for Personal Residence Typical Reasons to Refinance would be to: 1. Provide access to needed cash flow; 2. Show effect of a reduced mortgage interest rate; 3. Show the effect of changing from an adjustable rate mortgage to a fixed rate (or vice versa).

5 Enhancement #3 Sell Personal Residence; Buy Another Typical Reason Downsize home at retirement (with or without new mortgage) with after tax cash flow invested in chosen liquid asset(s)

6 Enhancement #4 Net Worth Numerical Ledger This new report lists the value of each asset, and its purpose is to provide the specific numerical sources of the items shown in the current Net Worth graph.

7 Enhancement #5 Maximum Level Gifts Calculator You can now customize the range of years for this calculation.

8 Stretch-Out Pension Assets Highlighted on Bar Charts and Pie Charts Enhancement #6 Details are illustrated on the next two sample screens in which the results of the following three hypothetical scenarios are graphically compared: Strategy 1: The client’s current situation (no special IRA tax planning); Strategy 2: A charitable IRA in which the IRA is left to charity at death and replaced by a life insurance policy owned by a wealth replacement trust; Strategy 3: A stretch-out IRA in which its attributable estate taxes are paid from a life insurance policy owned by a wealth replacement trust.

9 *Due to the illustrated results of “stretch-out” tax planning, the checkered section on the right side of the Wealth to Heirs bar in Strategy 3 represents $1,892,551 in IRA assets on which income tax is still due by Heirs. Source: Wealthy and Wise by InsMark ®

10 *Due to the illustrated results of “stretch-out” tax planning, the checkered section in the Strategy 3 circle represents $1,892,551 in IRA assets on which income tax is still due by Heirs. Source: Wealthy and Wise by InsMark ®

11 There is one master setting for income tax brackets which normally applies to all scenarios; however, you can modify this master setting in any scenario. (This can be useful if you are illustrating and comparing a planning alternative that reduces income tax brackets.) To enable this feature, select Options / Preferences from the your main toolbar and make sure the following selection is checked: Allow option to change income tax brackets on individual client scenarios. If it is checked, the menu prompt to activate a scenario-specific income tax bracket change is located on the upper right of the Desired Cash Flow tab. Enhancement #7 Change Income Tax Brackets Scenario-by-Scenario

12 We’re proud of what has been developed for Wealthy and Wise 8.0, and we believe it will add valuable capacity to your use of the System.  Copyright 2006, InsMark, Inc. All Rights Reserved Wealthy and Wise ® Version 8.0 Enhancements


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