This chart, which is the second on the “How do I Pay for My Retirement” page of the report, compares the Account Balances for each goal level. You may find that the starting values differ between the different goal levels. This would occur because of the effect of goals that occur prior to the start date of the chart. The chart itself begins on your retirement date, so any expenditure prior has already been factored in. For example, should you have an goal that occurs before retirement that differs between the goal levels (i.e. $10,000 at Necessary, $15,000 at Target, $20,000 at Aspirational), your starting point would be different as the amount of money distributed from each account would be different depending on goal level.
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?