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Enabling and Accessing the Roth Projection Tool

Illustrate the impact of multi-year Roth conversions with our Roth Projection Tool.

Holistiplan's Roth Projection tool allows users to model multiple years' of Roth conversions and illustrate the long-term financial impact of the conversions on portfolio growth, lifetime taxes, and Medicare surcharges. Additionally, users are able to visualize their client's tax brackets over the course of the projection, allowing them to pinpoint the best years and optimal amounts for conversions.  

Note: the Roth Explainer tool still exists within Scenario Analysis to provide greater detail on the tax impacts of a Roth conversion on any specific tax year as modeled within Scenario Analysis. The Roth Projection tool is a standalone feature that allows you to assess the impact of serial Roth conversions over several years without having to first model scenarios for each of the years impacted. 

 

Enabling and Accessing the Tool


The Roth Projection Tool is available to those subscribed to a Premium Plan or higher. Users with Firm Admin privileges will first need to enable the tool by navigating to Settings > Security Settings and toggling on the "Allow Roth Projections" permission setting seen below, underneath the Firm Preferences section.


 

To replicate the case study in the video above and entries in the screenshots below, you can use the following "The Joy of Rothing" cheat sheet linked here.

Creating the Roth Projection

Within an individual client household, navigate to the "Roth Projections" section and click on the "Create Roth Projection" button outlined in green below. 

In the subsequent window, title your projection and indicate filing status, start year, assign client(s) as Tax Payer 1 and Tax Payer 2, and indicate if they are eligible for the additional standard deduction for blind taxpayers, as seen below. When you're done, click the "Create Roth Projection" button.

JoyOfRothing-Create-Roth-Projection-Details

The projection is now accessible in the Roth Projections section.

Users can re-title the projection by clicking the pencil icon next to the name of the projection. Additionally, clicking the three dots in the Actions column brings up the options to Copy or Delete the projection. 



To begin building your projection, click on the projection title in the Name column. This article in the Knowledge Base will walk you through the various inputs to build your projection: Building the Roth Projection.

If your projection is already built, skip to Interpreting the Results.