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Maintenance Update 09 30 2011

Calculator update notes for 9-30-2011.

Financial Calculator Update 9/30/2011

The quarterly update for 9/30/2011 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 12/31/2011 release, which will include extensive changes for the 2012 calendar year.

If you implement this update and you have not updated your calculators in a while you should 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 6/30/2011 update: 6/30/2011 Update. (The 9/30/2011 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.)

Make sure to try our new Calculator Configurator: Calculator Configurator
This new tool lets you see exactly how you can customize the many features of our calculators.

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 with no subdirectories.
  4. Delete the contents, in your current deployment, of the KJEgui, KJEgraph and KJEcalculation directories and remove them from your server. The new version no longer requires these directories or their content.
  5. Replace your current dinkytown.jar file with the new version.
  6. Replace all files with the extension "class" with the new version.
  7. 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.

  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 "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 with no subdirectories.
  4. Delete the contents, in your current deployment, of the KJEgui, KJEgraph and KJEcalculation directories and remove them from your server. The new version no longer requires these directories or their content.

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" button under the Browsing History section. Click the top button "Clear private data now..." 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.

    Firefox and Netscape:

    Choose "Clear private data..." under the "Tools" menu. Check the box for "Cache" and then click the button "Clear private data now".

Master Changes (HTML Modification required, affects all calculators)

    None

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

  1. None

Updates that require modifications to HTML documents

  1. 72T Calculator, 72T Distribution Impact: (Retire72T.html,Retire72Alt.html, Retire72T2.html, Retire72Alt.html, SPRetire72T.html): The default "Reasonable interest rate" has been changed to 1.43 to reflect 120% of the current Federal Mid-Term rate as of October 2011.

  2. 401(k) Spend It or Save It Calculator (Rollover401k.html): Two minor definitions changes, neither change affected any calculations..
    1. Total stock purchase (cost basis): Changed "You retirement plan" to "Your retirement plan".
    2. Under "capital gains rate" the first bullet point referred to a 5% rate for investors in the 10% or 15% marginal bracket. This was corrected to 0%, which is in effect through 2012.

  3. Retirement Income (RetirementIncome.html): Initial line on the report changed from "Your retirement savings provides $3,439..." to "Your retirement savings is estimated to provide $3,439 per month at retirement after taxes and inflation (in today's dollars)"

  4. Roth IRA Conversion with Distributions (RothConversion.html): Misspelling in footnote 4"deplay" is now "delay"

  5. U.S. 1040 EZ Tax Estimator (TaxEZ1040.html):
    A. Capitalized form in two titles.
    B. Under Filing Status, Qualified Widow(er): “You are also required to have at least one dependent child or step child whom which you are the primary provider” changed stepchild to one word and changed to read “stepchild for whom you are the primary provider.” Widow(er) changed to be lowercase.

  6. Investment Loan (InvestmentLoan.html): Under Investment rate of return, added hyphen to "after-tax rate of return."

  7. Municipal Bond Tax Equivalent Yield (TaxEquivYield.html): added hyphen to "after tax" in first paragraph.

  8. Taxable U.S. Tax Advantaged Investments (InvestCompare.html): Under Contribution frequency, change monthly, quarterly or annually to be all lowercase. Under Withdrawal frequency, change monthly, quarterly, and annually to all lowercase.

  9. Company Stock Distribution Analysis (StockRollover401k.html):
    Under Total stock purchases (cost basis) change sentenced to read "Unless you qualify for an exception, there may be a 10% penalty tax on the cost basis, if both of the following criteria apply: you are younger than age 59 1/2, and you are separated from service, from the employer providing the retirement plan, prior to the year in which you attained age 55."

    Under Capital gains rate, change bulleted list to read: 5% if your ordinary income marginal tax rate is 10% or 15%, or 15% for all ordinary income marginal tax rates greater than 15%.

  10. 72(t) Calculator (Retire 72t.html) Capitalized "Withdrawals From Retirement Accounts" in title.

  11. 72(t) Distributions (Retire 72Alt.html) Capitalized retirement Fund Balances in Title.

  12. Retirement Shortfall (RetireShort.html):
    Under Annual retirement expenses, added hyphen to after-tax retirement expenses and after-tax basis. Under Expected inflation rate, change sentence to read "From 1925 through 2010 the CPI had a long-term average of 3.1% annually. Over the last 30 years the highest…"

  13. Roth IRA Conversion (RothTransfer.html): In second sentence, added hyphen to after-tax basis. In same paragraph as above, changed outside parenthesis to brackets as in [401(a)/(k), 403(b) and governmental 457(b)]. In last definition title, "Use 2010 option to delay tax payments" option changed to be lowercase.

  14. 1040 Tax Calculator (Tax 1040.html): In Definitions, changed case of Capital gain and loss to match other definition titles. In last sentence of same definition changed to read "capital gains were scheduled…"

    In the defintiions, references to the "Tax Hike Prevention Act of 2010" has been changed to the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010".

  15. In Estate Tax Planning (EstatePlan.html): In Estate tax calculation, second paragraph, changed "$7 million a the" to read "$7 million at the…" In Exemptions and maximum tax rates, changed case to match other definitions.

    The definitions for the "Estate Planning Tax Calculation" has been change to read as follows:

      "On December 17, 2010, the President signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853, Public Law No: 111-312) into law. This law increased the estate exemption to $5 million and set a top federal estate tax rate of 35%. Unless Congress acts, the top estate tax rate in 2013 and beyond will be 55% plus a 5% surtax on estates between $10 million and $17.184 million. The estate tax exemption amount in 2013 and beyond will be $1 million.

  16. HSA Contribution Calculator (HSAContribution.html): Definition updated for the following ($4,350 replaced with $4,600 in the calculation example):
      Did you change your coverage type during the year?: If coverage type changed during the current year, check this box. Your annual contribution will be calculated using the number of full months you were covered under each coverage type. For example, if you had single coverage for 6 full months and family coverage 6 full months, your annual contribution amount would be a combination of the two limits of $4,600 for the year.

  17. In Compound Interest and Your Return (CompoundInterest.html): Under definitions changed case in the following titles to be consistent: Investment amount, Interest rate, and Compound interest.

  18. In Basic Financial Calculator (FinCalc3.html) changed title "Interest rate per period (%l) to (1%).

  19. The definition for Inflation and Expected Inflation Rate has been updated to include CPI data from 2011 The new definition now reads:

    "What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). The CPI for 2011 is estimated at 3.3%, as reported by the Minneapolis Federal Reserve. From 1925 through 2010 the CPI has long-term average of 3.1% annually. Over the last 31 years highest CPI recorded was 13.5% in 1980."

    This affects the following 25 calculators:

    Calculator TypeNameHTML File Changed
     Insurance CalculatorsDisability InsuranceDisability.html
     Health Savings Account (HSA) Goal CalculatorHSAGoal.html
     Health Savings Account (HSA) Savings CalculatorHSASavings.html
     Human Life ValueHumanLifeValue.html
     Life Insurance CalculatorLifeInsurance.html
     Long Term Care CalculatorLongtermCare.html
     Investment CalculatorsInvestment Savings and DistributionsInvestmentDistribution.html
     Investment DistributionsInvestmentDistribution2.html
     Investment ReturnsInvestmentReturn.html
     Investment GoalInvestmentVariables.html
     Personal Economic Recovery CalculatorRecoverTime.html
     Mortgage CalculatorsRent vs. BuyMortgageRentvsBuy.html
     Retirement Savings and PlanningHow Important is Social Security?NoSocial.html
     How long will my retirement savings last?RetirementDistribution.html
     Retirement IncomeRetirementIncome.html
     Retirement Nestegg CalculatorRetirementNestegg.html
     Retirement PlannerRetirementPlan.html
     Retirement Pension PlannerRetirementPlan3.html
     Retirement Planner with Retirement EarningsRetirementPlan4.html
     Retirement ShortfallRetireShort.html
     Social Security BenefitsSocialSecurity.html
     Company Stock Distribution Analysis CalculatorStockRollover401k.html
     Savings CalculatorsCool MillionMillionaire.html
     Savings GoalsSavings.html
     Savings, Taxes, and InflationSavingsVariables.html

Updates that do not require changes to HTML documents

  1. NONE