Upload the entire tax return—that’s the simplest way to ensure everything is covered. Whether your file is 10 pages or 100, our OCR technology can extract the necessary data efficiently. At a minimum, be sure to include the 1040 form, Schedules 1 through 5, Schedule SE, and Schedules A through E to get the most accurate report possible. Since we continuously expand support for additional forms each month, uploading the complete tax return helps future-proof your data and keeps your reports comprehensive.

a. Age (Use an average if married) b. Most recent tax return c. Account Values (401k, IRA, Roth IRA, HSA, 529, Brokerage, etc.) d. Annual contributions into each investment account e. Anticipated Social Security income f. Desired retirement age g. Desired retirement annual income

a. Income replacement is the percentage of last year’s income that the client seeks to achieve in retirement. This value is important in creating an accurate retirement plan; however, annual income can be much higher or lower than “usual” years. In most scenarios, clients seek to replace 75% of their annual income in retirement.Some examples have been provided below: i. Ex. The client made $100,000 last year, this amount is less than “usual” years. Their goal retirement income is $150,000 per year. *Set the income replacement at 150%* ii. Ex 2. The client made large capital gains and had a taxable income of $300,000 last year. They want to live on $100,000 in retirement. *Set the income replacement at 33%*

a. The two plans showcase the value of using an advisor. The current vs. our plan will show the client the difference in account values and tax liability if they were to follow the advice of their advisor as opposed to the plan they are implementing currently. i. Current Plan = What the client is currently doing when funding investment accounts. ii. Our Plan = What the Archer advisor suggests that the client should do when funding investment accounts.

a. When creating a report for a client, it is important to make sure your assumptions align with historical values. These assumptions can be adjusted based on the sentiment of the advisor or client. Here are the standard assumptions used: i. Estimated Annual Inflation and Income Increase: 2.5-3% ii. Overall Return: 4-9% depending on client’s risk tolerance iii. Annual Savings Increase: 2.5-3% unless client anticipates a large income increase or decrease. Maybe even an inheritance would change that amount. You can always create a new account and put the anticipated inheritance in that line. Make sure the returns account for this amount as it may be invested with less risk or more risk than the client’s base accounts. iv. Withdrawal Rate: 4% v. Annual Pension Increase: 2.5-3% vi. Investment Return Uncertainty: 1-2%

Yes, you can type in your own recommendations.

You can run reports based on your recommendations and show the tax savings. Focusing on ROTH, HSA, 529, and back door ROTH are areas this software will help you to focus and gain additional clients.

a. Account Activity File – CSV File (Filter from most recent date to oldest date) b. Balance History File – CSV File (Filter from most recent date to oldest date) c. Account Snapshot – PDF File d. Open Tax Lots – PDF File