FAQ: What Changes on the Platform in the New Year and How Do You Update Your Plan? (Updated 2025)

2025 Platform Rollover Summary:

  1. Planning > Projections will automatically rollover to start with 2025 as of January 1st (2024 will disappear)
  2. New 2025 tax rates and benefit rates
  3. Update your plan for 2025
    • Update Discovery information with start of year income, expenses, asset balance, debt balances etc. Review Foundation information like Investment Plan to ensure the assumptions are still accurate.
    • Re-run Planning > Projections to pull in the new information from Discovery & Foundation
    • Review AI Strategies: An increase or decrease in asset balances can impact the plan/strategies, changes in tax rates/brackets can impact the plan/strategies, changes in benefit rates can impact the plan/strategies