Living Expenses

Travel Expenses

Medical Expenses

Target-Map Preferences may be changed but will not be applied retroactively to Retirement Target-Maps already created.

Any Target-Map created for a client may be customized and edited by the advisor to come closer to the realistic values the clients wish to have.

Additional capital requirements may be added directly on the Target-Map's What you want page.

The template assumes the event starts at the default retirement age set in the Target-Map Preferences. The Duration of Contributions field displays the amount of years until that age.

The Add Target-Map selection box for a Retirement Target-Map may display members as a couple - using both member's retirement resources, or individually - using just their singular retirement resources.

This Target-Map template estimates retirement funding needs based on percentage of annual income on the Asset-Map.

The Living Expenses line item in the Target-Map is not a result of a living expense cash flow possibly entered on the Asset-Map. The two are not connected. Target-Map future Living Expenses are estimated using the percentage listed in the Target-Map Preferences of today's incomes cataloged on the Asset-Map.

This Target-Map anchors its start age based on the older member to help define the start and end of the project.

Each requirement can be individually edited on the "What you want" page.

Don't settle for our default descriptions. Rename line item descriptions as desired by clicking either the Edit icon (Pencil) or Description link.

Add more requirements using the Add Desired Cash Flow button on the "What you want" page. For example, if the age of a couple is significantly different, consider adding a line item of a funding requirement that lasts for the duration of the survivor's life.

Use only the Start Age field to define a one-time funding requirement at a certain age/date (leave the end age blank) on the "What you want" page.

Refresh the Duration of Contributions by clicking the refresh icon when you change the age of a What you want requirement.

Target-Maps recognize the financials relevant to the event and apply them to help fund the need. Additional funding may be applied by the advisor on the "What you have" page.

Double-check COLA, Start and End ages, and Loss to Tax values. Ensure they are aligned with the funding requirements and edit as needed.

Assets on the Asset-Map designated as "Retirement" and "Roth" will inherit the Loss to Tax value in the template preferences (usually 0% tax).

New asset financials added to the Asset-Map will appear on a Target-Map's "What you have" page, but will not be applied to fund the need until the associated check box is checked.

The idea of Linking plays heavily in Retirement Target-Maps. An asset dollar value that is inherited from the map, when edited within the Target-Map, will unlink the line item from the map. Updates to the dollar value on the map will not be communicated to the Target-Map line item.

To relink a Target-Map line item so that it updates when the Asset-Map asset is updated, edit the Target-Map line item to clear the value from the value field.

By design, Target-Maps are independent from one another. Funding used by one Target-Map is not automatically removed from other Target-Maps.