13 results found
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Networth Calculation and Printout
Add new Networth screen where you enter non-retirement investments and assets, as well as Liabilities. Can then show Networth. Even better, is to add a growth rate to both assets and the liabilities and project networth over time.
27 votesThis was added late in 2020.
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New Application Update System
AppUpdate component is unreliable for some reason. Replace it with a new system so that the updates and enhancements can be pulled seemlessly from the internet.
13 votes -
PRO: Add company logo function.
Logo then shows up on printed reports, and perhaps on the screen.
9 votesThis features has been added but requires some programming to make sure it works correctly. Contact Torrid Tech support if you would like a custom logo on your Detailed Report printouts.
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Consumer: Add RMD Report Option
User age 70 need to be concerned with Required Mininum Distributions. It would be nice to have a RMD printed report rather than go searching for this data from the spreadsheet.
5 votesThis was added a long time ago. Frankly it is quicker to look at the spreadsheet than to do all the clicks to print the report.
If you go to Print Detailed Report there is a check box to print the RMDs on their own page.
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CONSUMER: Allow creation of multiple files.
Add traditional File New, Open, Save for the consumer editions.
3 votesThis was added a couple of years ago.
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CONSUMER - Add option "Do you want to save this file?"
Option would allow for "what if" scenario if a user wants to change fields then exit out of the program without savings this data. Current EXIT will automatically save data now.
3 votesThis was added a long time ago.
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Consumer; Retirement View Couples edition.
Add ability to show negative returns on investments. Reason: I am retired and I am withdrawing from my IRA at a 4% rate. With stock market volatility I would like to model a declining balance on my investment. Right now, I have to assume an annual increase (return) of 4% to model this. I am using 0% return but am concerned that this is not enough and would like to see a negative return option.
3 votesNot sure when we added this but it is definitely in the latest 2021 version.
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Consumer: Show remaining income
If one spouse has retired and is collecting Social Security and the other continues to work for several years it's possible there may excess funds available. This excess amount should be shown so they could be redirected into an investment.
2 votesThe program already accumulates this extra social security into the taxable bucket if it starts prior to both being retired.
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Add password protection
On program open, require password to enter the system to prevent casual users from seeing personal job income and related financial information stored in the Retirement Savings Planner.
1 voteThis was added a long time ago. Go under Settings to add a password. Note if you forget or lose the password Torrid Tech has no way to reset it for you.
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PRO - Negative rates of growth
PRO - I would like to be able to use negative rates of growth, both for assets, and income streams. In long term retirement plans, when you are using high income products, over time both the principal and the income may be going down slowly.
And many current annuities have a value that is decreasing.1 voteTHis was added sometime in the last 6 months. You would have to look through the release history to find it but regardless it is in the latest version.
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Having two different places for data input (quick calc & detailed plan) confuses issues.
I have had to reach out about this and the answer did not agree with the way the program functions. I have noticed that for the calculation be correct I had to place the same values in the quick calc & the detailed; and no, this the software is not double calculating the initial value.
1 voteYou choose one way or the other. If you choose to enter the detailed Investments, then those numbers OVERWRITE the ones on the front screen. It has always been this way.
Idea is that if you want to do quick thumbnail numbers you can do that at bottom. But if there are more than 2 or 3 accounts you can use Investments to enter each one without getting confused.
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Data saving option for personal couples edition
I'll offer an suggestion and you may tell me that I can already do it. After I have entered all information for a plan for myself and my wife I then try a number of variations based on life longevity for each of us. To do it means altering much of the basic input data;(income, insurance, loans etc.) then look at the results and then go on to another assumption. If each of these assumptions could be saved for later viewing, it would save a lot of data alteration and entry.
1 voteThe ability to save your data off to different files was added a couple years ago. Give it a try.
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Add Tax Rate to Apply to Cash Infusions
Cash Infusions is not taxed. Need Tax Rate to Apply when the infusions are "added to the plan" even if in the future.
0 votes
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