About Wealthtrace
Wealthtrace is a DIY retirement planning software from WealthTrace, LLC that provides financial planning tools. It combines Monte Carlo simulations, what-if scenarios, and Roth conversion scenarios so individuals can make informed retirement decisions. This software supports users in crafting personalized retirement strategies and evaluating different financial outcomes based on their unique circumstances. Wealthtrace allows users to link investments, run detailed simulations, and assess various options for retirement savings. Key capabilities: Monte Carlo simulations what-if analysis Roth conversion scenarios investment tracking personalized strategy planning Best for: individuals, advisors, and employers that need to effectively plan and manage retirement finances.
WealthTrace establishes itself as a highly comprehensive and trustworthy retirement planning tool designed to eliminate guesswork, offering what it claims are the most accurate financial projections available. Its accuracy stems from a unique methodology that analyzes each individual investment holding, incorporating complex variables like federal and state tax codes, required minimum distributions, and Social Security rules, differentiating it significantly from "dangerously inaccurate" free calculators. Users gain control by linking all investment accounts—or manually entering them—to monitor balances, performance, transactions, and fees, with daily updates ensuring data is always current and secure.The platform provides exceptional functionality through powerful scenarios and instant feedback, which functions seamlessly on any device and all browsers for flexible deployment. Users can run Monte Carlo simulations to assess the probability of meeting spending goals and stress-test their plans against events like a "great recession" or changes to inflation and retirement dates, with projections changing in real time as assumptions are modified.
Pros & Cons
- +Generates highly accurate retirement projections by considering taxes, Social Security, and individual holdings.
- +Real-time what-if scenario testing allows users to instantly see the impact of financial decisions.
- +Supports both individual investors and financial advisors with separate tailored features.
- +Monte Carlo simulations provide probabilistic insight into meeting retirement goals under uncertain markets.
- +Historical account and fund data help optimize performance, reduce fees, and manage tax liabilities.
- −No automatic portfolio rebalancing or investment recommendations are provided.
- −Manual data entry is still required for non-linked accounts, which can be time-consuming.Learning curve can be steep for beginners who are not familiar with financial planning concepts.
- −Export options for reports are limited, restricting flexibility in client presentations or record-keeping.
- −Some advanced features, like Roth conversion analysis and historical Monte Carlo simulations, are only available in higher-tier or deluxe plans.
Features
Key features
- Account Aggregation
- Link all investment accounts and automatically track balances, holdings, and transactions in real time.
- Accurate Projections
- Generates precise retirement projections using individual holdings, federal and state tax rules, Social Security, and RMDs.
- What-if Scenarios
- Instantly test changes in savings, retirement age, expenses, withdrawal order, inflation, and taxes.
- Monte Carlo Simulation
- Evaluate the probability of meeting retirement goals under different market and economic scenarios.
- Historical Data Analysis
- View past balances, performance, fund fees, and turnover to optimize investment decisions.
- Investment Monitoring
- Track account performance, transactions, fees, and holdings across all linked or manually entered accounts.
- Advisor Tools
- Provides client portal, model portfolios, and scenario testing for financial advisors.
Additional features
- Link or Import Investment Accounts
- Automatically connect multiple accounts for live updates.
- Manual Account Entry
- Enter holdings manually and update balances using ticker symbols.
- Daily Balance Updates
- Ensure all accounts reflect up-to-date values every day.
- Track Performance and Fees
- Analyze returns, fund fees, and portfolio turnover.
- Comprehensive What-if Analysis
- Modify savings, retirement dates, withdrawals, expenses, Social Security, and inflation assumptions to see effects.
- Monte Carlo Simulations
- Run probabilistic models to assess plan success rates.
- View Historical Account Data
- Access prior balances, income sources, fund turnover, and tax implications.
- Stress-Test Retirement Plans
- Simulate economic downturns like recessions and inflation spikes.
- Advisor Client Management
- Build and manage client plans with dashboards and reporting tools.
- Expert Planning Help
- Access to support and one-on-one advice for plan optimization.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About Wealthtrace
Wealthtrace is a DIY retirement planning software from WealthTrace, LLC that provides financial planning tools. It combines Monte Carlo simulations, what-if scenarios, and Roth conversion scenarios so individuals can make informed retirement decisions. This software supports users in crafting personalized retirement strategies and evaluating different financial outcomes based on their unique circumstances. Wealthtrace allows users to link investments, run detailed simulations, and assess various options for retirement savings. Key capabilities: Monte Carlo simulations what-if analysis Roth conversion scenarios investment tracking personalized strategy planning Best for: individuals, advisors, and employers that need to effectively plan and manage retirement finances.
Wealthtrace Details
Wealthtrace's In-App Market Place
Does Wealthtrace have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CNY (¥), INR (₹), RUB (₽), BRL (R$), CHF (CHF), HKD (HK$), SGD (S$), NZD (NZ$), SEK (SEK), NOK (NOK), MXN (MX$), KRW (₩), TRY (TRY), ZAR (R), AED (د.إ), SAR (ر.س), QAR (ر.ق), DKK (DKK), PLN (zł), THB (฿), MYR (RM), IDR (Rp), PHP (₱)
Pros & Cons
- Generates highly accurate retirement projections by considering taxes, Social Security, and individual holdings.
- Real-time what-if scenario testing allows users to instantly see the impact of financial decisions.
- Supports both individual investors and financial advisors with separate tailored features.
- Monte Carlo simulations provide probabilistic insight into meeting retirement goals under uncertain markets.
- Historical account and fund data help optimize performance, reduce fees, and manage tax liabilities.
- No automatic portfolio rebalancing or investment recommendations are provided.
- Manual data entry is still required for non-linked accounts, which can be time-consuming.Learning curve can be steep for beginners who are not familiar with financial planning concepts.
- Export options for reports are limited, restricting flexibility in client presentations or record-keeping.
- Some advanced features, like Roth conversion analysis and historical Monte Carlo simulations, are only available in higher-tier or deluxe plans.
Wealthtrace's Support Options
Wealthtrace's Alternatives
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