Goal Funding

This page covers the following location(s) in NaviPlan:

Set Goals - Goal Funding - Goal Funding

Planning Objectives :: Procedures :: Related Information

Planning Objectives

ClosedWhat is the purpose of this page?
  • This page allows you to allocate assets to fund clients’ particular goals.
  • Accumulation goals are listed in the columns; accounts (assets) are listed in the rows. Accounts can be assigned to fund the clients’ goals.
ClosedWhat considerations should I make before allocating assets to goals?
  • Note that the following defaults and constraints apply to goal funding:
    • If you’re using the Average Tax method, registered assets are automatically 100% allocated to the retirement goal (if applicable), and cannot be reallocated to other goals.
    • If you’re using the Detailed Tax method, registered assets are automatically allocated to the retirement goal (if applicable), but some can also be allocated to education and major purchase goals.
    • The cash surrender value (CSV) of a life insurance policy cannot be used to fund accumulation goals.

Procedures

ClosedHow do I allocate funds to my clients' goals?
  1. Review the information in the Goal Funding section. Each column corresponds to a goal included in the plan and each row corresponds to an asset entered in the plan.
  2. Define what portion of an asset is allocated to each goal. To do this, enter a value in the cell where the asset's row and the goal's column intersect.
    • There are three types of values you can enter here:
      • Dollar Amount: Simply enter a numerical value in dollars (e.g. $10,000).
      • Percentage: Enter the percentage of the asset allocated to the selected goal (e.g. 15%)
      • Remainder: Enter the keyword balance to indicate that the whole of the final balance of the account is to be allocated to the selected goal.
        Note: For accounts allocated to multiple goals, all dollar values are subtracted first, followed by all percentage values, and finally the keyword balance is calculated and subtracted (zeroing out the account).
  3. Repeat step 2 for each asset under the Account Name (Owner/Account Type) column.

Related Information




Important!: This form is designed to collect your feedback, not to provide support. Use this form to make suggestions to improve the Help system.

For technical assistance and product inquiries, please contact Advicent Solutions Partner Support:


NaviPlan is a registered trademark of Advicent Solutions, Inc.