The Surplus/Deficit is the dollar amount that the total available resources for the household either exceeds or falls short of the amount needed to fully fund a goal level. A surplus indicates that the household has sufficient resources to fully fund the goal level. The higher the surplus the greater the cushion the household has to fund the goal level and absorb any reductions in resources in the future. A deficit indicates that the household does not have sufficient resources to fully fund the goal level.
Articles in this section
- How is the Spending Reductions Needed section of the ‘Can I Afford My Goals?’ report determined?
- If the balance sheet calculation uses actuarial net present value for retirement expense goals (incorporating life expectancy), doesn’t that mean half the population will live longer than the planning horizon?
- Is the Household Balance Sheet independent of current/future asset allocations?
- What is the Funding Percent on the Household Balance Sheet?
- What is the Surplus/Deficit on the Household Balance Sheet?
- How are 529 Plan evaluated in the Balance Sheet?
- Where does goalgamiPro use the different Present Value calculations?
- How are Social Security balance Sheet values calculated?
- What is the difference between Actuarial and End of Life expectancy methods?
- How is the Additional Savings Needed section of the ‘Can I Afford My Goals?’ report determined?