Maintenance Update 09 30 2005

Financial Calculator Update 9/30/2005

The quarterly update for 9/30/2005 is a small update. We recommend you review the update items below. If you do not immediately require the enhancements below, since all updates are cumulative, you may wish to wait to implement them with our 12/31/2005 release.

If you implement this update and you have not updated your calculators in a while you should definitely refresh your existing HTML calculator pages. All updates are cumulative, so if you start fresh with this update you will have all previous calculator updates as well. If you would like, you can review our 6/30/2005 update: 6/30/2005 Update. (The 9/30/2005 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.)

Update instructions*:

Download the latest version of your calculators from your download site, found on your update e-mail notice.
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.)
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.
Replace the contents of your current KJEgui, KJEgraph and KJEcalculation directories with the new version.
Replace your current dinkytown.jar file with the new version.
Replace all files with the extension "class" with the new version.
Make required changes to any HTML documents as described in this document or replace all of your existing HTML documents and re-apply your web-site custom changes.

*Please note, if you have a Servlet or other custom deployment (other than the custom formatted delivery described below), installation instructions for your package will found on your download page.

Update for custom formatted delivery**:

**Custom formatted delivery is a special option that you can add to your maintenance update service. With this option we can apply an HTML, JSP, CFM or ASP template to your calculator pages and their reports before the update is sent to you. You will then receive your calculator pages with all of your site formatting in place, without any rework to include changes that have been made to the pages deployed on your server. If you are interested in using custom formatted delivery, please contact us at (612) 331-2291, or for more information.

Download the latest version of your calculators from your download site, found on your update e-mail notice.
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.)
When prompted for a directory, you may use the default of "c:\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.
Replace the contents of your current "java" directory (including the KJEgui, KJEgraph and KJEcalculation directories) with the new version.

All pages will be custom formatted to your site, no further integration or modification of the calculators is required. Please note, if your custom delivery uses Active Server Pages (ASP), Java� Server Pages (JSP) or Cold Fusion (CFM) the respective ASP, JSP or CFM pages will be in place of your HTML documents for all calculator main pages. Report templates will remain in HTML documents (these documents are not called by your server, but instead used by the applet in the main calculator page).

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:

Choose "Internet Options" under the "Tools" menu and on the "General" tab click on the "Delete Files�" button. Click "Ok" when prompted if you wish to delete all temporary files. Close this dialog box, and all open Internet Explorer windows. Your Cache should then be cleared.

Netscape:

Choose "Preferences" 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 (HTML Modification required, affects all calculators)

None

Master Changes (no HTML changes required, affects all calculators)

None

Updates that require modifications to HTML documents

72T Calculator, 72T Distribution Impact: (Retire72T.html, Retire72Alt.html): The default �Reasonable interest rate� has been changed to 4.91% to reflect 120% of the current Federal Mid-Term rate as of October 2005.
Traditional IRA Calculator (RegularIRA.html), Roth IRA or Traditional IRA? (RothvsRegular.html): A new field has been added on the report to display the amount of your Traditional IRA contribution that can be deducted from income taxes for 2005. The new line added to the report is:

Updates do not require changes to HTML documents

Personal Debt Consolidator (DebtConsolidate.html), Accelerated Debt Payoff (DebtAccel.html), How much do you owe? (DebtAmount.html): Have been enhanced to show cents in the loan schedules when you view the report. A small rounding error with the last payment has also been corrected.
Cash Flow Calculator (CashFlow.html): When negative cash flows exceed $10,000,000 the graph displays the amounts incorrectly. This issue has been fixed in this release.
Investment Return Calculator (InvestmentReturn.html): Tax column on the report was displaying values that were slightly higher than what should have been expected. The labels on the report have also been enhanced to more clearly identify the column content.
How important is Social Security? (NoSocial.html) and Social Security (SocialSecurity.html) have been adjusted so that output schedule matches exactly to the Retirement Planner if the inputs are the same. All assumptions have been made the same to provide this consistency (Previous version assumed a slightly different calculation for what your final year's salary would be after adjusting for inflation and salary increases).
Retirement Income Calculator (RetireIncome.html): When calculating the monthly income payment, the calculator had previously used the annual rate of return 1/ 12 for the monthly rate. With this update the formula has updated to match the Immediate Annuity calculation (and all other monthly rates of return on all other calculators). The new formula is:
MONTHLY_EFFECTIVE_RATE = (1+ANNUAL_RATE_OF_RETURN)^(1/12) � 1
Traditional IRA (RegularIRA.html) Roth vs. Traditional IRA (RothvsRegular.html): We now round up to the nearest $10.00 for the tax deductible contribution to a Traditional IRA. The minimum deductible portion of your contribution has also been set to $200.00 if you qualify for any deduction. Both of these changes are according to the IRA Publication 590.
Estate Tax Planning (EstatePlan.html) Estate Tax Planning - in the first paragraph under the heading "Exemptions and Maximum Tax Rates," 3rd line "with estate taxes completely eliminated in 2011.� The year should have been 2010. This has been corrected. \
Investment Loan (InvestmentLoan.html): Has been enhanced so that the rate of return and interest rate now excepts one decimal place. All reported variables now show this decimal place and report totals in dollars and cents.
401(k) Spend It or Save It Calculator (Rollover401k.html): This calculator has been enhanced to allow to provide improved graphing. The titles have been changed from: The initial graph title has been changed to �Balance at Retirement� to �Savings at Retirement vs. Cash Today� to better describe the content. The columns have also been reversed to show the lower balance of spending your savings immediately first.
The second graph �Taxes and Penalties� has been changed to �Taxes, Penalties and Lost Interest�. This graph no shows the lost earnings (or interest) that would be caused by taking out and spending your 401k balance immediately.
Savings, taxes and inflation (SavingsVariables.html): The labels on the year by year results have been change to:
Year, Total Balance, Balance After Taxes, Value After Taxes and Inflation
They were originally:
Year, Amount Without Taxes, Amount With Taxes, Amount After Inflation The calculations for the columns have not changed, the titles were modified to better describe the actual content.
SERVLET VERSION ONLY (Does not impact Applet versions of the calculators): The minimum number of payments has been changed from 12 to 1. If this is left blank or is less than 1 an error message is given that states you must have a term of at least one "payment". The previous version incorrectly gave an error message of �monthly payments�.
Equipment Buy vs. Lease calculator - SERVLET VERSION ONLY (Does not impact Applet versions of the calculators): Previously there was no link to definitions for Security Deposit field.
401(k) calculator - - SERVLET VERSION ONLY (Does not impact Applet versions of the calculators): New input field for salary increase added to calculator and report.