In this article

  • Top Questions Advisors are Asking
  • Set Target-Map Preferences
  • Base Assumptions and Percent Lost to Taxes
  • Target-Map Template Types

Target-Maps are templates of savings goals compared with funding for the goals, and display a progress bar of how well funded the goal is. 

Target-Map Preferences are the foundation that Target-Map templates use to make Target-Maps quickly.

We recommend you examine and set the defaults based on your average client’s needs. 

Top Questions Advisors are Asking

Q. Do I have to change the preferences for every client?
A. No. These are default value to help generate funding goals and conversations fast. Set them and forget them. The defaults may be adjusted on a per case basis by editing specific Target-Map Reports

Q. Do Target-Maps use Gross or Net after-tax values?
A. After tax. Since gross values are commonly used in the Asset-Map and financial statements, a reduction of that gross value is necessary to account for the embedded tax obligation that is due upon consumption.

Set Target-Map Preferences

  1. Click the drop down arrow next to your name
  2. Choose "Target-Map Preferences" from the list
  3. Use the left side menu to select the specific template.  Also check out the General Settings.

Remember that Target-Map Preferences are global default settings that represent most of the situations you address. Consider them as "set it and forget it". 

Base Assumptions and Percent Lost to Taxes

Base Assumptions for All Target-Maps

Percent Lost to Taxes

Target-Map Template Types

Loss of Life
The Loss of Life Template attempts to pre-fill standard funding requirements for the survivors of a lost household member based on the financial professional's preferences. Toggle the checkboxes next to the titles below to include (checked) or exclude (unchecked) those fields on the Target-Map calculations.

Disability
The Disability Template attempts to pre-fill standard funding requirements for a household member’s disability event based on the financial professional’s preferences. Toggle the checkboxes next to the titles below to include (checked) or exclude (unchecked) those fields on the Target-Map calculations.

Long-Term Care
The Long-term Care Template attempts to pre-fill standard funding requirements for a household member’s long-term care event based on the financial professional’s preferences. Toggle the checkboxes next to the titles below to include (checked) or exclude (unchecked) those fields on the Target-Map calculations.

Dependent Education Funding
The Dependent Education Template attempts to pre-fill standard funding requirements for a dependent’s education need based on the financial professional’s preferences. Toggle the checkboxes next to the titles below to include (checked) or exclude (unchecked) those fields on the Target-Map calculations.

Retirement
The Retirement Template attempts to pre-fill standard funding requirements for the selected household members Retirement plan based on the financial professional’s preferences. Toggle the checkboxes next to the titles below to include (checked) or exclude (unchecked) those fields on the Target-Map calculations.

The defaults may be adjusted on a per case basis by editing specific Target-Map Reports

Custom
The Custom Template allows the financial professional to define the parameters of the project based on the client's desires and needs. Add desired cash flows in the What you Want tab. Select from the assets available or define desired funding, both cash flows or assets, in the What you Have tab.

4/2020

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