Changes incorporated in R$P 2000 (Professional) Version 2.14

Features Added Since Version 2.01

- License trouble-shooting output file added to DLL to assist in
  diagnosis of authorization problems.

Problems Fixed Since Version 2.01

- "Example -- A" case renamed to "Reed & Carol Baxter -- base", to
  agree with the examples used in the user's manual.

- Shortcuts fixed for installations to folders with spaces in name.

- Installation instructions for Windows NT users have been improved.

- Default values for Year at Start of Analysis, Taxable Social Security
  Income percentage, and all Portfolio Sensitivity inputs are now
  provided for "New" client cases.

- "New" single client cases now ignore the data for the second person.

- The PortfolioConsolidation worksheet is only unhidden when
  explicitly requested.

Features Added Since Version 2.02

- On-line user manual added to installation for Excel 8 & 9
  (Office 97 & Office 2000).

Problems Fixed Since Version 2.02

- Tax-exempt fixed income account now treats dividend income as exempt.

- Installation instructions made even more explicit.

- Client name field on DetailedTabular worksheet has been widened.

- Vertical panes have been removed from the PortfolioDescription,
  SensitivityInputs, and PortfolioConsolidation worksheets.

Problems Fixed Since Version 2.03

- The PortfolioConsolidation worksheet now allows you to paste
  the consolidated values into the appropriate cells of the
  PortfolioDescription worksheet when navigating via the << button.

Problems Fixed Since Version 2.04

- The Portfolio Sensitivity and Spending Sensitivity studies now take
  steps to ensure the Target Ages are not less than Current Age.

- The Tax Model has been corrected regarding the treatment of certain
  income classes: capital gains for those in the 15% bracket now are
  subject to a 10% federal tax rate (the 10-20 rule), Social Security
  and CGDs are not subject to state tax, and capital gains do not
  influence the marginal rate for regular income.

Problems Fixed Since Version 2.05

- The Tax Model has been corrected regarding the $3000 capital loss
  deduction, the carry forward of losses in excess of $3000, and the
  payment of "year-end" taxes in the subsequent year.

- The Social Security Start at Age now is checked for validity before
  proceeding to the FirstDetails worksheet.

- The PortfolioConsolidation worksheet now warns the user if all
  balances are blank or zero when clicking the Consolidate button.

Problems Fixed Since Version 2.06

- The correct number of days remaining on a time-limited license is
  displayed when clicking the License Info button.

- Personal savings contributions that should have been deposited in
  the tax-exempt fixed income account were inadvertently deposited
  to a temporary cash account.  These contributions now are deposited
  correctly.

Problems Fixed Since Version 2.07

- The maximum capital loss deduction is now $3,000 for Single, Married
  Filing Joint, and Head of Household filing statuses, and $1,500 for
  Married Filing Separate.

- Losses in excess of the maximum capital loss deduction are now
  carried forward until offset by sufficient gains, or completely
  depleted by using as a deduction.

- The maximum capital loss deduction is indexed for inflation to be
  consistent with the indexing of the income thresholds in the IRS tax
  schedule.

- The RSP2000.xls default examples have been synchronized with the
  examples shown in the users manual.

Features Added Since Version 2.08

- Custom Feature #1 added.

Problems Fixed Since Version 2.09

- Overstated pre-retirement median income fixed in Custom Feature #1.

Features Added Since Version 2.10

- Taxation of CGDs and capital gains now reflects the 2001 Tax Relief Act.

- Minimum Required Distribution schedule revised to reflect the new
  simplified method.

- Tax Year 2001 Federal tax tables added.

- Installation files automatically detect Excel version 10 (Office XP).

Problems Fixed Since Version 2.10

- Missing ages are ignored when opening R$P 2000 with an empty case loaded.

Problems Fixed Since Version 2.11

- Capital gains tax rate corrected for cases with zero regular income.

Features Added Since Version 2.12

- Custom Feature #1 retrofit.

Problems Fixed Since Version 2.13

- Overwriting of Total Federal Deductions and Annual Expenses on
  SecondDetails, even when replying "No" to "Overwrite detailed sheet
  for Second Client?"

(c) 1998, 1999, 2000 Daniel H. Wagner, Associates, Inc.
Version 2.14