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Maintenance Update 06 30 2002

Calculator update notes for 6-30-2002.

Financial Calculator Update 06/30/2002

The quarterly update for 06/30/2002 contains quite a few changes, but the update focus is limited to a few main calculators. If you have updated your calculators to the 03/31/2001 release (the release just prior to this one), this update can be accomplished by simply replacing your "class" files and "dinkytown.jar" file unless you have one of the Tax calculators or the RMD calculators. See below for more details.

If you have not updated your calculators in a while, you will need to review our 03/31/2002 update: 03/31/2002 Update to make the appropriate HTML changes required. (The 06/30/2002 update includes all changes included in previous updates, you do not need to download any other updates to have the most current versions of all of the calculator components. You may, however, need to implement manual HTML changes required by previous updates if you have not installed them.)

Update instructions:

  1. Download the latest version of your calculators from your download site, found on your update e-mail notice.
  2. Execute the Calc.exe file from your download. This is a self-extracting zip file. (Or unzip the Calc.zip file if you are using a non-windows platform.)
  3. When prompted for a directory, you may use the default of "java" or enter your own. It is recommended that you extract the update to a new directory and then move the required files to your production environment. One directory will be created. It will have three subdirectories.
  4. Replace the contents of your current KJEgui, KJEgraph and KJEcalculation directories with the new version
  5. Replace your current dinkytown.jar file with the new version
  6. Replace all files with the extension "class" with the new versions
  7. Make required changes to any HTML documents as describe later in this document.

If you have NOT made any changes to the HTML Files used in your deployment you may wish to replace all HTML files with the new versions in your download. If you have made changes to your HTML files, please review the changes below.

To clear your Browser's cache:

When you test the new version of the calculators, make sure that the browser you are using uses the new files instead of any it may have in its cache. You may need to clear the browser's cache manually to ensure the new versions are loaded.

Internet Explorer:

Chose "Internet Options" under the "Tools" menu and on the "General" tab click on the "Delete Files…" button.

Netscape:

Chose "Prefrences…" under the "Edit" menu. Click on the "Advanced" category and then "Cache" option which appears under it. Click the "Clear Memory Cache" button, then click the "Clear Disk Cache" button.)

Master Changes (no HTML changes required in this update)

(none)

Updates that require modifications to HTML documents

  1. Required Minimum Distributions, Required Minimum Distributions for Beneficiaries and Rule 72T calculators were updated to include the changes finalized by the IRA on April 16, 2002. This includes new life expectancy tables. The footnotes on these calculators has changed to indicate the “proposed” rules from Jan. 2001 are now finalized. You should update the footers on the following documents:

    • RetireDistrib.html
    • RetireBeneficiary.html
    • Retire72t.html

  2. Marginal Tax Rate, 1040 Tax Estimator, 1040 EZ Form were all updated to include the 2002 tax tables and formulas. This includes changes due to the 2000 tax bill. All of the class files have been updated to include these changes. In addition, the HTML file for each of these three calculators had several updates including:

    • Updated definitions for 2002 changes due to year 2000 tax bill
    • Updated definitions for standard deductions and dependants (to reflect new amounts)
    • Updated descriptions to reflect year 2002

    These changes affect the following files:

    • Tax1040.html
    • TaxMargin.html
    • TaxEZ.html

    There were no HTML changes required to the report.

  3. Variable annuity: Surrender charges were added to the variable annuity. 10 inputs have been added to allow you to enter the surrender charge percent for any year of the variable annuity. The report has been changed to reflect the balances after these charges have been assessed. The balance schedule has been updated to display the surrender charge for each year. In addition, the definitions have been updated to explain how to use the new Surrender Charge input screen. The following HTML files have been changed to add this enhancement:

    • Annuity.html
    • AnnuityCalculation.html

    The annuity calculator will continue to work, with no additional changes. However, you should update these two files if you wish to have all of the new functionality.

Other Updates

  1. Refinance Interest Savings: Reporting error where the title of the amortization schedule could appear twice was corrected.

  2. Mortgage calculators: Mortgage Calculator, Adjustable Rate Mortgage, Mortgage APR, Mortgage Taxes, Mortgage Compare and Mortgage Balloon were updated to include cents on the report amortization schedule.

  3. Mortgage Loan Calculator: This enhancement adds the Insurance and Property taxes to the Mortgage Loan calculator. A new parameter “SHOW_PITI” was added to allow you to indicate you wish to show insurance and property taxes on the applet. To facilitate this change we have created two new files, and modified two class files.

    • MortageLoan2.html: This is the new HTML file that will display the modified Mortgage Loan calculator. If you wish to use this enhancement, use this file as a template for your changes. This file demonstrates he use of the “SHOW_PITI” applet parameter.
    • MortgageLoanCalc2.html: This is the new HTML file that contains the report for the new modifications
    • MortgageLoan.class: This file is the updated class file that controls the GUI for the applet
    • MortgageLoanCalculation.class: This is the updated class file that controls the Calculations for the applet

  4. The definitions for annual rate of return were made more consistent across many of the calculators. The following calculators have updated annual rate of return definitions to reflect this change:

    1. Roth IRA (RothIRA.html)
    2. Traditional IRA Calculator (RegularIRA.html)
    3. Roth IRA Conversion (RothTransfer.html)
    4. Variable Annuity Calculator (Annuity.html)
    5. 401(k) Savings Calculator (Retire401k.html)
    6. Savings, Taxes and Inflation (SavingsVariables.html)
    7. Cool Million (Millionaire.html)
    8. Emergency Savings Calculator (Emergency.html)
    9. 403(b) Savings Calculator (Retire403b.html)
    10. Retirement Shortfall (RetireShort.html)
    11. Retirement Planner (RetirementPlan.html)
    12. Retirement income (RetirementIncome.html)
    13. Savings Goal (Savings.html)
    14. Lunch savings (LunchSaver.html)
    15. Benefits of Spending Less (SpendLess.html)
    16. College Savings (CollegeSavings.html)
    17. Investment returns (InvestmentReturn.html)
    18. Investment loan (InvestmentLoan.html)
    19. How important is Social Security? (NoSocial.html)