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"What you want" tab: Capital Requirements

Verify, edit, add and remove desired spending

Michael Schwabe avatar
Written by Michael Schwabe
Updated this week

Overview

Target-Map templates provide topics of desired spending and attempts to place a value on them for starting discussions quickly and easily after completing the client's Asset-Map.

Check your Target-Map Preferences to Produce Improved Goals

Target-Maps rely heavily on preset values found in Target-Map Preferences. These defaults serve as the essential variables and mathematical foundation for running any template.

To ensure accuracy and efficiency, advisors should manage these settings in two ways:

  • Global Preferences: Financial professionals should update the global Target-Map Preferences to reflect their average client's needs. This ensures that every new Target-Map starts with a solid baseline.

  • Per-Case Adjustments: Defaults and specific variables can be adjusted on an individual basis by editing a specific Target-Map report after it has been generated.

Click on each tab on the Target-Map Preferences page to examine the default talking points and their associated default values. Adjust them to mimic your average client because those capital requirements will be placed on the "What you want" tab of a Target-Map.

Edit Capital Requirements (What you want)

Edit line items

After running the Target-Map, edit each line item as desired by clicking the pencil icon or the name of the item.

  1. Edit a specific Target-Map by clicking "Edit" on the Actions Menu

  2. Click the "What you want" tab

  3. Click the pencil icon or the description to open the associated form.

  4. Edit the information as desired. We recommend reviewing the information from top to bottom and editing as needed.

  5. Ensure the item is checked to make it part of the calculations.

Remove line items from the calculations

Uncheck an item to remove it from the calculations. This will remove it from the report out put as well but leaves it on the Target-Map for the advisor to use later if needed.

Delete the line item altogether

Delete the item to remove it from the Target-Map altogether.

Add Other Funding Desires

  1. Click the "Add desired cash-flow" button and define the item by completing the fields.

  2. Press Create when done.

  3. Ensure the new item is checked to add it to the calculations.

Quick tip! For a one-time need instead of a repeating annual need, only fill in the START age field on the item. For example, purchase a car at age 75. Use the Start age field only to enter "75".

Fixed Duration

Only use the Fixed Duration field checkbox if you want to lock in the quantity of years defined by the difference of the start age and end age. This field is most commonly used for the Long Term Care Target-Map. The quantity of years populates the Duration of Contributions field.


Tabs: capital, requirement, requirements, target-map, desires, topics, conversation, debt
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12/2025

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