The Basics

Definition of a Target-Map

A Target-Map describes the current funding level of a goal or project by comparing the present value of funding desires (What you want) with the present value of funding sources (What you have). A Target-Map displays the difference between the two in today's dollars. This provides a path for the advisor to generate an effective conversation about various funding priorities and to provide solutions or optimizations.

Quick list of Target-Map Features

Displays clarity of financial goals for the client on the Target-Map's What it means page.
Investable asset rates of returns are blended into one Expected Net Rate of Return making reports succinct and easily consumable.
Clones: run financial scenarios of a plan.
Target-Maps generated can be edited and refined by the advisor as needs change over time.
Target-Maps are time sensitive and respond automatically to the current date.
Target-Map funding changes automatically as updates are made to the Asset-Map.
Optionally printable Notes can be maintained with a Target-Map.
Cash Flow Details displays a January 1 to December 31 translation of the year-to-year cash flow implications.

Target-Map Types

Definition of a Target-Map Template

Preset funding goals and automatic funding sources

Target-Map Templates are provided to quickly generate a high level visual of the funding for five priority funding goals: Loss of Life, Long Term Disability, Long Term Care, Retirement, and Dependent Education. They are governed by Target-Map Preferences. These types of Target-Maps provide funding desire line items and automatically assess the client's Asset-Map and apply related funding sources.

Definition of a Custom Target-Map

User defined funding goals and user defined funding sources

A Custom Target-Map uses some Target-Map Preferences to provide the framework for the advisor to define funding desires (What you want) and funding sources (What you have). Custom Target-Maps cannot be saved for later use.

Definition of a Custom Target-Map Template

Preset funding goals and user defined funding sources

A Custom Target-Map Template is an advisor-created Target-Map template that is saved within the advisor's account. A Custom Target-Map Template evolves from a custom Target-Map or from one of the five Target-Map templates provided by Asset-Map Platform from which the advisor wishes to retain their What you want edits (funding goals) to use with other Households.

Keep in mind that Custom Target-Map Templates provide the ability to save edits to the What you want side of the Target-Map equation for repeated use with other households. Unlike the five Target-Map Templates described above, there is no automatic search and application of funding sources.

Target-Map Support Resource Links

Support Resource	Description
Target-Map Training	Weekly group training

Target-Map Training Videos

Video Link	Description
Create, Delete, Clone a Target-Map®	The basics you need to know.
Retirement Target-Map	Create a visual representing current funding for your client's retirement lifestyle goals.
Double-check your Retirement Target-Map	My Target-Map looks odd! What's wrong? This resource gives pointers of what to look for.
Loss of Life Target-Map	How well funded is your client today to handle this disruptive life event?
Long Term Disability Target-Map	Can your client live off of part of their income?
Education Target-Map	How well funded are you today to send your dependent to college?
Long Term Care Target-Map	Does it make sense to self-fund a long term care event in the later years?
Other Funding Illustrations	Downsize home Wide Age Gap in Retirement Layer Long Term Care event in Retirement Pension lump sum vs annuitized payout Multiple education expenses Offset education expenses with loans and scholarships Saving for a big purchase Tiered expenses over time Tiered incomes over time
Cash Flow Details	How do Target-Map handle income vs spending cash flows?

7/2024