Refine the client's funding requirements and funding sources by editing a Target-Map.
Target-Map Actions Menu
The Target-Map Actions menu (elipsis) has a list of options:
Click "Settings" to edit a Target-Map's Parameters
Target-Map name
Duration
Expected Net Return on Capital
Annual Increase of Contributions
Note: Double-clicking the Target-Map name will allow you to edit the title directly.
Click "Edit" to edit Capital Requirements and Capital Funding
Click "Edit" to change funding values and percentages on any line item on the What you want and What you have pages.
Click "1. What you want" or "2. What you have" to view and edit the funding requirements or funding sources.
Line item behaviors
Check box - apply or remove the funding from the calculations
Description link - edit the line item values
Pencil - edit the line item values.
Copy icon - Duplicates the line and includes the word "copy" in the Description. Use this to speed up entry of new lines of a similar type.
Trash can icon - delete line item (cannot be undone).
Click and drag line items to reorder them.
Modify the available fields as needed
Adjust the Category
Modify the Description or Name (a gray field indicates locked)
Decide which member the item is for (Link to Member)
Modify the annual value
Adjust the date or age preference...
as well as the specific start/end ages or dates
Decide upon a cost of living adjustment
Apply tax if applicable
Choose whether to include or exclude the line item in the calculations...
and if the start and end age defines a fixed duration of years or not
If available, set the dollar value to Future Value and at what age the value becomes available
Examples of three line item edit windows. The first is from the What you want page, the other two are from the What you have page.
Notes on Editing
Gray fields indicate locked fields carried over from Asset-Map tiles. To change the name you must change the tile.
On What you have, editing a Target-Map funding source does not change the Asset-Map financial tile. Rather, it disconnects the Target-Map line item from the Asset-Map, defaulting instead to the newly modified dollar value. Reconnect the line item by removing the value from within the field and saving the edit.
For clients with many capital requirements or funding resources use the Search field on the What you have and What you want pages to find them fast.
Add More Capital Requirements and Capital Funding
To add additional capital requirement cash flows click the Add Desired Cash Flow button and complete the form on the What you want page.
Tip: to facilitate a one-time payout at a certain age/date instead of a recurring annual amount, ONLY ENTER THE START AGE, and do not enter an End age.
To add additional funding cash flows or assets click the Add Custom Cash Flow or Add Custom Asset buttons on the What you have page.
Edit from the Cash Flow Details Tab
Expanding the columns and click the desired resource to open that financial's Target-Map edit window (as if you clicked them from the What you have and What you want pages).
By design, Target-Maps are independent from one another. Funding used by one Target-Map is not automatically removed from other Target-Maps.
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Tags: target, map, available, cash, asset, fund, plan, planning, goals, goal
7/2024