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Release Notes for Version 5.15 released October
20, 2003
This release allows the specification of a retirement date for a sole proprietor or a sale date for a business.
All Editions that Include the Advisor module.
For a family business, it is now possible to specify a retirement date for a sole proprietor, or a sale date for a business.
The business is assumed to be sold for an amount equal to the value as of the sale date. For example, if the business is worth $100,000 today, will increase in value at 10% per year, and will be sold after three years, the sale value is assumed to be $100,000 * 1.10 * 1.10 * 1.10.
That money is assumed to be re-invested at the after-tax rate of reinvestment that is specified in the Assumptions topic. It continues to be categorized as "business" value; it is not merged into "accumulated net income."
If the business will not be sold -- the proprietor will simply retire - then specify zero as the business's value.
Professional Edition.
A few bugs were fixed relating to the Analytics.
In "Key Items of Income and Expense," the net income chart was not correct unless "Summary Method" of living expenses was selected as the expense method. This is now fixed for the case where "use actual" is selected as the calculation method for both spouses.
The Analytic "What If" Alimony recapture now works even if it is not specified whether alimony is to be paid monthly or annually. Previously, it only worked if that value was specified in the actual situation. It is still the case that the answer to the question, "Will either party be paying alimony…" must be "yes."
You may use the "Calculator" tab, and the "Recapture" topic to estimate alimony recapture outside the Advisor.
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