Assets

How do you handle tax advantages of 529 plans?
529 plans are formally known as Qualified Tuition Programs (QTP) and come in two flavors: pre-paid tuition plans and savings plans. 529 accounts in MaxiFi a...
Wed, 10 Feb, 2021 at 3:57 PM
Mid-year and end of year changes to your plan
Mid-year disruptions in the financial markets can raise questions about how to include sudden market gains or losses in your MaxiFi plan. If there is a chan...
Thu, 14 Oct, 2021 at 7:12 AM
How are regular assets and retirement assets accounted for in the reports?
All of the reports are presented in current year real dollars and show end-of-year balances. Every model assumes three important variables: prior end-of-...
Thu, 18 Jun, 2020 at 10:38 AM
How can I treat unrealized long term capital gains in regular assets?
If you have a regular asset (i.e., one not held in a tax deferred qualified retirement plan) with an unrealized capital gain, you have two options. The fir...
Sat, 30 Jan, 2021 at 8:33 PM
How do reserve funds work?
Perhaps you want to set aside some money in case of emergency or as a buffer in case your plan doesn't work out as expected. To keep some funds in rese...
Thu, 18 Jun, 2020 at 10:47 AM
How do I enter a Health Savings Account (HSA)?
Currently MaxiFi does not provide a specific Health Savings Account (HSA) feature, but here is how you handle HSA contributions in MaxiFi. Contributions vi...
Fri, 18 Sep, 2020 at 9:22 AM
Saving in Regular Assets
Your non-retirement assets, referred to as regular assets in MaxiFi Planner, are an important component of your financial plan. Each plan or variation in th...
Tue, 15 Sep, 2020 at 7:51 AM
Reserve Funds
What is the purpose of a reserve fund?  A reserve fund is set up when you create a set of Regular Assets. Create the regular asset, indicate current balanc...
Thu, 22 Apr, 2021 at 8:41 AM