Versatile spending, deeper tax modeling, printable experiences, and new methods to know your plan.
Our newest launch provides options and enhancements that make your plans extra adaptive, correct, and just like the true world.
Now you can flex spending robotically when markets transfer, discover improved tax analytics, and mannequin superior methods just like the Mega Backdoor Roth. There are additionally loads of smaller enhancements that make planning smoother and insights simpler to seek out.
Plans That Modify When You Anticipate Them To
Flex Spending enables you to set easy guidelines that robotically modify your spending primarily based on portfolio efficiency.
For instance, you possibly can inform your plan: “If the market drops 30% from its all-time excessive (ATH), cut back discretionary spending by 60%.”
You may tag bills as Important or Discretionary so solely the bills you need will modify. The brand new Spending metric seems all through your plan and Probability of Success charts, and it could additionally connect with milestones.
This makes it simple to incorporate enterprise or rental bills in a plan whereas conserving them separate from life-style spending. It’s also possible to anchor milestones, like a FIRE objective at 25X Spending, and see how these changes have an effect on your long-term projections.
Be taught extra: Learn our Flex Spending Overview for setup and the way it works.
Extra Correct, Location-Based mostly Tax Modeling
Your plan now takes location into consideration robotically.
Location is about throughout onboarding, so your plan begins with extra correct tax estimates and stays updated.
You may scope credit and deductions by Federal, State or Province, and Native ranges. Within the U.S., that features help for state-level itemization and phase-outs.
We’ve additionally improved worldwide help:
United Kingdom: Higher dealing with of Nationwide Insurance coverage and regional differencesCanada: Added OAS, GIS, EI, CPP, and a configurable RRSP to RRIF conversion ageNetherlands: Extra exact Field 3 wealth tax modeling
Current plans are robotically mapped to possible areas, with tax modeling enabled when a robust match is discovered.
Notice: Open your plan’s tax settings to substantiate that location and tax are correctly enabled.
Simpler Methods to Discover and Export PDF Reviews
Yearly abstract metrics now embrace chart previews on hover, one-click plotting for any metric, and new metrics like State and Native Taxable Earnings.
Tax Analytics has additionally been up to date with a brand new Earnings by Tax Price plot that makes use of heatmap color-coding to indicate how your revenue falls throughout brackets. You may filter by jurisdiction or sort, equivalent to Federal, State, or Native. The chart legend now consists of hover interactivity and fast dataset toggles, making it simpler to focus on the info you care about.
Tables now dwell in a brand new Reviews tab, the place you may view or export knowledge to PDF, CSV, or JSON. This brings tables and exports collectively in a single place, making it simpler to discover and evaluate the knowledge you want.
Superior Technique Modeling
Now you can mannequin a Mega Backdoor Roth instantly in your plan. Select to fill remaining after-tax area in a Roth 401(okay) or 403(b), set mounted contribution quantities or percentages, and route funds both in-plan or by rolling them over to a Roth IRA.
Extra Sturdy Simulations
A brand new Block Bootstrap sampling methodology improves historic testing by mixing consecutive blocks of knowledge whereas preserving actual year-to-year patterns.
This strategy enables you to mannequin extra practical market habits as a substitute of counting on totally random returns. You may discover how your plan performs by prolonged bull or bear markets, see how lengthy downturns have an effect on withdrawals, and perceive the vary of potential outcomes with better accuracy.
Historic knowledge by 2024 has been added, together with a smoother configuration expertise.
Discover What’s New
ProjectionLab 4.4.0 helps you construct plans that higher replicate actual life, from versatile spending and location-based tax modeling to extra highly effective reporting and simulations.
There are additionally many smaller enhancements underneath the hood that make planning smoother and insights simpler to seek out
Take a look at the total launch notes or login to discover the brand new options in your plan.
Or if you want a fast walkthrough, we put collectively a brief video:
