There are a significant number of new features in TRAK. Below is a summary. (More detail is available in the Readme.txt file found in the application directory.)

July 2010

Batch Gap

The Batch Gap report can now include values for the Roth account.

Batch Paycheck (Contribution Analysis)

The Batch Paycheck allows contribution values entered to be relative to the current contribution.

Printing

Specific reports can have customized printer settings.

Gap Analysis

Updated the Federal Long Term Care Insurance calculations.

 

Quick Gap and Gap Analysis

The Quick Gap and Gap Analysis calculators  now include the accumulation values.

Allow for removing solution illustrations from the Retirement Solutions report.

Added the Windfall Elimination Provision option for calculating Social Security.

Roth Conversion

New Roth Conversion calculator for effectively illustrating a Roth conversion.

Tax Deferral

Allow for Roth accounts, and only showing the type of accounts that are required.

January 2010

Multi-Tier Split Annuity Calculator

A new Multi-Tier Annuity calculator has been added to TRAK.

Printing

The Print Dialog now supports default report selection and the report order may be configured.

Batch Gap

Scenarios can be automatically be altered when illustrations are over funded (e.g. the participant's retirement age can be reduced) or have significant increases in contribution that are not realistic (e.g. retirement age can be incraesed).

Quick Gap and Gap Analysis

The calculations in the Quick Gap and Gap Analysis calculators have speed improvements when working with certain retirement plans (specifically, plans with custom prompts and/or custom scripting).

July 2009

College Funding Calculator

A brand new College Funding calculator has been added to TRAK.

Contributions Limits

The Gap Analysis and Quick Gap tools now have greater flexibility when working with limits for qualified plan contribution.

Batch Process Reporting

Multiple client reports can be printed to a single file.

Federal LTC Rates Included

The Federal LTC rates can now be illustrated in TRAK's Gap Analysis calculator.

Quick Gap and Gap Analysis

Contribution Increases

Future contributions values to cash balance accounts (except the retirement plan in the Quick Gap calculator) can be changed for future years.

Social Security Projections

Values for Social Security can be entered in today's dollar or the value at retirement.

Savings Accounts

Total current account balances and hypothetical retirement account balances are displayed.

Charting

The various charts for the Gap Analysis charts have color themes.

January 2009

Gap Analysis

Historical data for the TSP account can now be viewed.

Roth accounts can be part of the client's retirement account.

Employer matching contributions to include a Roth account.

With the Tax Wise Distribution Strategy, Pre-tax account balances can be transferred to after-tax accounts.

The editors for the "Other Accounts" was fully re-written for easier use.

Gap Analysis and Quick Gap

Significant improvements to the "Other Accounts" editors.

Paycheck & Batch Processing

State withholding taxes can be rounded.

September 2008

Tax Wise Distribution Strategy

Printing to Archive Automatic

All previewed and printed reports are automatically printed to the client's report archive file.

April 2008

Data Encryption

There is no need to worry about the security of client data on your hard drive. TRAK-Deluxe now includes data encryption. An encrypted database can not be viewed without a password. Click here for more information.

Paycheck, 1040, and Projections Reports

The reports for the Paycheck, 1040, and Paycheck Projection calculators have been fully re-written with enhanced visual appeal.

Quick-Change in Paycheck Projections Calculator

The Paycheck Projection calculator now allows for quickly changing the rates of return and contribution values for a quick analysis on how it affects the accumulation and distribution of the retirement account. Click here for more information.

Import Merged Data

When importing data, if the record exists, only selectable fields are updated.

January 2008

Batch Gap

Colors of the grid printed in reports may be configured in the Report Configuration editor.

Database

The Database program now allows for displaying last updated, retirement age & date, and years to retirement for the client and spouse. This information may be filtered.

List of clients may be filtered by group.

Gap Analysis

Social Security can now be set to a percent of the calculated value.

With the Federal TSP plan, allocation may be made to different Life Cycle funds. Contributions may also be entered as a dollar value.

Quick Gap and Gap Analysis

The distribution order of accounts may be configured.

There have been added a number of features for distributions of accounts. These include the ability to prioritize accounts for distribution, thus allowing access to funds that have restricted distribution methods (e.g. amortized monies).

72(t)

Added the ability to calculate the account balance for a needed income stream.

Paycheck Projection

Data may be exported by right clicking over the grid and selecting the appropriate action.