Planit:Goals & Objectives Screen

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The Goals & Objectives screen is where you’ll identify your client’s life goals, used in an analysis of their ability to achieve this single goal (modular planning) or multiple life goals (life planning). Take a look at the topics below, which will help guide you through the various features of the Goals & Objectives Screen.

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Objectives Screen Training

Order Title Description Key Points Level Generic
1 Introduction to the Goals and Objectives Screen What do I enter on the Goals and Objectives Screen?
  • Purpose of screen
  • Overview of data entry required
C Video
2 Add Objective How do I add another of my clients' personal objectives?
  • Add
  • Detailed objective fields
  • Don't forget to rank
C Video
3 Ranking Objectives How do I prioritize my clients' objectives?
  • Getting it from your client(s)
  • Ranking data entry
C Video
4 Funded From How do I show that my client's goal will be funded from a specific portfolio?
  • Light bulb overview
  • Detailed objective - portfolio checkbox, %
  • Education - two goals, 50% funded
C Video
5 Goals and Objectives Graph How do I interpret the graph on the Goals & Objectives screen?
  • Graph of revenue over lifetime
  • Similar to graph in Personal Financial Strategy
  • Comparison with goals graph
C Video
6 Tiered Retirement Lifestyle How do I show that my client wants to spend less as they grow older?
  • Detailed retirement lifestyle objective
  • Add tier, change dates, amount
  • When you can suggest this to clients
C Video
7 Education Goal (Life Planning) How do I show my clients' objective to cover educational costs for their children?
  • Process flow options
  • Add objective
  • Tie to education accounts, savings
2 Video
8 Education Goal (Modular) How do I show my clients' objective to cover educational costs for their children?
  • Process flow options
  • Add objective
  • Tie to education accounts, savings
C Video
9 Education Institutions How can I help my client determine the cost of sending their child to university or college?
  • Objectives screen Institutions
  • Search costs examples
C Video
10 Multiple Scenarios How do I compare different scenarios on my clients' financial goals?
  • Introduction to concept and tabs
  • Some example scenarios
  • Current and Active tabs
  • Make data entry changes for a scenario
  • See results for each scenario
2 Video
11 Goals on Death and Disability How do I show a goal that my client has specifically in the event of death or disability?
  • Death and disability tabs
  • Add objective
  • Data entry example
2 Video
12 Current Lifestyle Why is my Current Lifestyle showing 1.67% index rate when I changed the index rate to 3% on Planning Assumptions screen?
  • Index Rates
  • Averaging out Index Rates
  • Current Lifestyle
2 Read
Retired Clients How do I enter information properly for a client that is already retired?
  • Planning Assumptions - retire age, edit benefits to exact amount
  • Cash Flow incomes, input or calculate for family expenses, detailed cash flow
  • Objectives - only retirement lifestyle - edit it to be appropriate
  • Savings - empty
  • Modelling Assumptions - no work longer
Video
Haj How can I include my Islamic client's goal to complete haj in his/her plan?
  • Detailed objective data entry
C Video
Waqf How can I include my Islamic client's goal to establish a waqf in his/her plan?
  • Detailed objective data entry
  • Determine savings requirement with Present Future Values Calculator
  • Add extra savings on Savings screen
C Video
Active Scenario What is an active scenario? How do I change the active scenario? Where do I see the data entry for a particular scenario?
  • Introduction to multiple scenarios
  • Change scenario - Planning Assumptions
  • Edit scenario
  • Screens affected
2 Video
Death Scenario What does the 'Death' tab mean on my screen? How do I use a scenario planning for the event of my client's death?
  • Intro to multiple scenarios, immediate death
  • Add specific savings, revenues, goals etc.
  • Example revenue entry
2 Video
Disability Scenario What does the 'Disability' tab mean on my screen? How do I use a scenario planning for the event of my client's disability?
  • Intro to multiple scenarios, immediate disability
  • Add specific savings, revenues, goals etc.
  • Example revenue entry
2 Video
Indexation What does the Indexation field mean, and how does it affect my client's plan?
  • Alternative to inflation
  • Example of different index (inheritance, education costs)
  • Future Value of revenue or expense relative to rest
1 Video
Life Goals in the Long Term Cash Flow How can I interpret the 'Goal Funding' section of the Long Term Cash Flow?
  • Outflow of capital for goals
  • Inflation
  • Current to retirement lifestyle
2 Video
Retirement Goal Audit How can I help my client determine the income they will need to fund his/her retirement lifestyle?
  • Different clients need different lifestyles in retirement
  • Audit tool as value added
  • Audit data fields and calculation
C Video