Discuss the reasons for the deficit with your client. Have you incorporated all the client’s accounts? Did the deficit occur because the cost of goals is too high? Can the client save more? There are several different directions the conversation can go when both you and the client fully understand the Cash Flows analysis.
Articles in this section
- How are 529 accounts evaluated in the Cash Flow Planner?
- How are rates of return calculated and applied in the Cash Flow Planner?
- How does the Cash Flow Planner differ from the Household Balance Sheet?
- Why does the Cash Flows screen include projections for all future years while the “How Do I Pay for My Retirement?” section of the Goal Achievement Report covers only the household’s retirement years?
- What does the Cash Flow Planner do with anticipated savings and anticipated benefits?
- Complete Cash Flow Planner User Guide
- I can enter different dates (Earliest, Target, Latest Date) for a one-time goals when calculating the Balance Sheet. What date does it use to calculate the cash flow?
- Why does my starting value on the “Account Balances by Year based on funding your goal” sometimes differ between charts?
- How can the Cash Flow Planner help me?
- What should I do if my client has a deficit?