In this article
- Top Questions Advisors are Asking
- Education Target-Map Template for Dependents
- Custom Education Target-Map for Non-dependents
- Education financials on Asset-Map Report
Top Questions Advisors are Asking
- Q. Why can't I run the Education Target-Map for a parent?
A. The template is currently designed to be used for dependents. The solution is to create a Custom Target-Map.
Education Target-Map Template for Dependents
Create an Education Target-Map to open the conversation of how the client will fund their dependent's education. Here is a 20 second animation:
If the dependent has no non-retirement asset assigned to them on the Asset-Map , none will automatically be applied in the Target-Map. The default template uses 18 years old as the start age and 22 years old as the end age, making for a 4 year cash flow requirement. Modify ages and values on the What you Want tab.
Custom Education Target-Map for Non-dependents
Use the Custom Template and build the requirements for a non-dependent's education.
The process is the same as outlined in the animation above. Click the Custom option.
Education Financial on an Asset-Map Report
Display the current education asset or open the conversation with a $1 bill education tile on an Asset-Map. Click Add Asset on the Asset-Map menu and select Non-Retirement type. Please watch the animation below.
Display the tile on both the dependent and a parent.
On Interested Member select the dependent.
Switch to the Details tab and select a parent on the Custodian drop-down list.
Check out Layouts to save the parent+dependent map and include it as a page in the Comprehensive Report.
Check out our video about the Education market and how to use Asset-Map to discuss it with a client.