Wealth Creation through Taxation
RothAware Benefits
Illustrate the True Value of a Roth Conversion
Illustrate the True Value of a Roth Conversion
Illustrate the True Value of a Roth Conversion
The software was designed in such a way so as to isolate the true value of a Roth conversion plan. This can only be done by a true "before and after" analysis free from any other outside factors which are inherent in most other software platforms. Understanding "how much greener the grass is on the other side" is what client's want, and need, to know.
Produce the Most Tax Efficient Plans
Illustrate the True Value of a Roth Conversion
Illustrate the True Value of a Roth Conversion
The software's back-end analysis and allocation models allow the software to produce the most tax efficient plans. This is accomplished by allocating conversion dollars based on resultant annual effective tax rates through the conversion years...and not strictly focusing on marginal tax rates as with most other software platforms.
REPORTS DESIGNED FOR EASE OF UNDERSTANDING
Illustrate the True Value of a Roth Conversion
REPORTS DESIGNED FOR EASE OF UNDERSTANDING
Roth conversion analyses can be overly confusing to the lay person. RothAware has been designed for ease of understanding from both the software illustrations and modeling layouts to the deliverable reports. This allows the financial professional to elevate the Roth discussion to a more sophisticated level in a relaxed and productive fashion. Reports are available in print and email formats.
RothAware Features
Intuitive ("smart") data input design
auto-allocation for stageD annual conversions
auto-allocation for stageD annual conversions
RothAware was designed to assist the financial professional develop fast and efficiently modeled plans maximizing time with the client and not the computer. To assist, the data input section has been designed in such a way so as to eliminate certain input fields when specific responses are keyed in thus streamlining the data input process.
auto-allocation for stageD annual conversions
auto-allocation for stageD annual conversions
auto-allocation for stageD annual conversions
RothAware's auto-allocation takes the guesswork out of when, and how much, IRA funds to convert. RothAware allocates annual conversions through tax efficiencies, not by use of income caps or bracketology...taking into consideration other annual income(s) as well as the expiration of the 2017 Tax Cuts and Jobs Act. This allocation not on
RothAware's auto-allocation takes the guesswork out of when, and how much, IRA funds to convert. RothAware allocates annual conversions through tax efficiencies, not by use of income caps or bracketology...taking into consideration other annual income(s) as well as the expiration of the 2017 Tax Cuts and Jobs Act. This allocation not only dictates the annual conversion dollars, it also computes the optimum life span of the plan.
results displayed in both nET pRESENT vALUE and future dollar PERSPECTIVES
results displayed in both nET pRESENT vALUE and future dollar PERSPECTIVES
results displayed in both nET pRESENT vALUE and future dollar PERSPECTIVES
RothAware illustrates the analysis results in two ways: 1) Net Present Value; and, 2) Future Dollar Value. NPV allows the client to relate to the "true value" of the conversion in "today's dollars" whereas the future dollar perspective enables the financial professional to convey the results from a return on investment perspective...one all too familiar to, and identifiable with, most clients.
integrates social security and pension maximization
results displayed in both nET pRESENT vALUE and future dollar PERSPECTIVES
results displayed in both nET pRESENT vALUE and future dollar PERSPECTIVES
Interestingly, the timing of when to claim Social Security as well as when & how to make pension elections both have a big play in maximizing a Roth conversion strategy. RothAware's user functionality interactively demonstrates the overall plan results which enables the financial professional to maximize the conversion through proper recommendations.
RothAware Analytics
illustrates roi on tax dollars paid
quantifies the three financial benefits of a roth conversion plan
illustrates roi on tax dollars paid
RothAware is changing the way Roth conversions should be viewed...away from purely a tax savings strategy to one of wealth creation. This is illustrated by the internal return on investment calculations which rivals most familiar long-term market indicies. This is due to the financial benefits derived from the 'tax-free vs taxable growth' and 'legacy growth' components of a Roth conversion.
cost / Benefit Break-even Analysis
quantifies the three financial benefits of a roth conversion plan
illustrates roi on tax dollars paid
As with most planning, results are seen over time. The same is true of a Roth conversion strategy. RothAware's analytics graphically lay out several key analytics making it easier for client understanding. One, important to most, is the time it takes to "break-even"...that point where the accelerated tax dollars paid starts producing a net benefit...is well illustrated through RothAware.
quantifies the three financial benefits of a roth conversion plan
quantifies the three financial benefits of a roth conversion plan
quantifies the three financial benefits of a roth conversion plan
Most identify Roth conversions as a tax play...a strategy often promoted to reduce one's tax liability. However, after proper analysis, it is evident that there are three contributing factors to the value of a Roth conversion: 1) Reduced taxation; 2) Tax-free vs taxable growth; and, 3) the Legacy factor. Interestingly enough, the reduction in taxes contributes the least to the overall plan.