Overview of using Tax Summary module in an IFLM case – Wealth2k, Inc.

The Impact of Income Taxes on a Retirement Income Distribution Plan:

It Doesn't Have to be Complicated

Beginning December 1, 2015 the new Income Tax Report will Make Life Easier

When the industry's top solution for retirement income distribution gets even better, it's big news. Starting December 1, most registered users of The Income for Life Model will gain access to Wealth2k's innovative new income tax module.

The income tax module focuses on the income tax rate that really matters in practice; the retiree's Effective Income Tax Rate.

You'll have three ways to easily calculate the effective rate. And, in just seconds, you'll be able to generate a personalized Income Tax Summary report that will help you to quickly explain to clients the impact of income taxes.

Lightning-fast data input and calculation:

Enter the percentage of assets the client has in qualified, non-qualified and tax-free accounts; the effective income tax rate is then calculated
If you know the amount of the client's Ordinary and Capital Gains income, access our new "look-up table" to instantly see the effective income tax rate
If you already know the client's effective tax rate, simply enter it in a field

Wealth2k designed the new income tax module to SAVE YOU TIME while presenting a realistic picture of the impact of income taxes. We've created an easy-to-present Income Tax Summary Report that is prepared every time you create The Income for Life Model Personalized Analysis.

Watch an overview on how to use it HERE