Functional Documents

Topics Covered:

• How NaviPlan defines Previously Incurred Investment Activity.
• Accrued investment activity calculations.
• How clients' cash flow reflects accrued investment income.
• Treatment of accrued investment income for tax purposes.

Topics Covered:

• Differences between the suggested asset mix and the assumed asset mix.
• Information included in the Appendix – Asset Allocation Modifications page of client reports.
• The asset mix represented by the Entire Portfolio data.
• Return rate differences between the Profile page and the Entire Portfolio data in client reports.
• When and where NaviPlan shows pre-retirement and retirement asset mixes.

Topics Covered:

• Determining the investor profile and suggested asset mix at the plan level.
• Overriding the suggested asset mix for a specific goal.
• Overriding the suggested asset mix for a scenario.

Topics Covered:

• Differences between the Average Tax method and the Detailed method
• Where to select the Detailed Tax method.
• How NaviPlan determines and applies tax rates.
• How NaviPlan treats deductions and credits.
• How NaviPlan handles alternative minimum tax (AMT).

Topics Covered:

• Definition of the Current Portfolio Setting.
• Differences in calculations between Rebalanced and Not Rebalanced portfolios.

Topics Covered:

• How goal residuals occur.
• What happens to residuals from accounts funding Education & Major Purchase goals.
• What happens to Emergency Fund residuals.
• Using the Goal Funding feature to control residuals in non-registered accounts.

Topics Covered:

• Available asset allocation options.
• Available asset classes.
• Effects of time horizons on client portfolios.
• How NaviPlan handles proceeds from assets.
• An overview of Ibbotson capital market assumptions.
• How to classify accounts and holdings.

Topics Covered:

• How does scenario probability work in NaviPlan?
• How do you interpret the Scenario Probability graph?

Topics Covered:

• Effects of Surplus expense strategies on the plan.
• Effects of Surplus savings strategies on the plan.
• How NaviPlan handles multiple surplus savings strategies.

Topics Covered:

• Available options for mortgage payments in NaviPlan.
• Entering variable mortgages in NaviPlan.
• Assumptions and calculations used for fixed payments on Principal and Interest.
• Assumptions and calculations used for variable payments on Principal and Interest.
• Assumptions and calculations used for Interest only payments.
• Assumptions and calculations used for set principal payments.

Topics Covered:

• Factors to consider when selecting an analysis method.
• An overview and suggested use of the Goal and Expense Analysis method.
• An overview and suggested use of the Income Coverage Analysis method.

Topics Covered:

• An overview and suggested use of the Life Insurance Quick Assessment method.
• An overview and suggested use of the Goal and Expense Analysis method.
• An overview and suggested use of the Income Coverage Analysis method.

Topics Covered:

• How the additional disability coverage amount is determined in the Goal and Expense Analysis method.
• Why NaviPlan shows a disability income shortfall even after entering the recommended amount.

Topics Covered:

• How NaviPlan calculates goal coverage for retirement goals.
• How NaviPlan indicates whether the retirement goal is underfunded or overfunded.
• Differences in goal coverage between the options Cover % of Expenses and % Fixed Needs Covered by Total Resources.
• Effects of unallocated accounts on retirement goal coverage.

Topics Covered:

• Changing asset liquidation order by account type.

Topics Covered:

• As the default investment vehicle in NaviPlan, what is an investment portfolio?
• In NaviPlan, how does an investment portfolio differ from a mutual fund?

Topics Covered:

• Differences between Current Plan and Recommended Plan scenarios.
• Using Scenario Manager to create an optimal Recommended Plan scenario.
• Creating and using Alternative Plan scenarios.
• How NaviPlan represents scenarios in reports, graphs, and client reports.

Topics Covered:

• Strategies to ensure effective data entry.
• Useful tips to reconcile data entry errors.

Topics Covered:

• How NaviPlan calculates Goal Coverage for education goals.
• How NaviPlan indicates whether the education goal is underfunded or overfunded.

Topics Covered:

• Using the Monte Carlo sensistivity analysis to measure market and longevity risks.
• Monte Carlo options available to ensure full deficit coverage.
• Interpreting Monte Carlo analysis results using reports.

Topics Covered:

• How NaviPlan calculates goal coverage for retirement goals.
• How NaviPlan indicates whether the retirement goal is underfunded or overfunded.
• Differences in goal coverage between the options Cover % of Expenses and % Fixed Needs Covered by Total Resources.
• Effects of unallocated accounts on retirement goal coverage.

Topics Covered:

• Setting payout options for guaranteed withdrawal benefits.
• Differences between Term Certain and Life Income annuities in NaviPlan.
• Funding future annuity purchases using existing assets.

Topics Covered:

• How NaviPlan calculates goal coverage for retirement goals.
• How NaviPlan indicates whether the retirement goal is underfunded or overfunded.
• Differences in goal coverage between the options Cover % of Expenses and % Fixed Needs Covered by Total Resources.
• Effects of unallocated accounts on retirement goal coverage.

Topics Covered:

• Definition of the annuitize-to-need strategy.
• Clients who should consider an annuitize-to-need strategy.
• Retirement income gap calculations.
• NaviPlan's method of indicating an income gap has been narrowed or eliminated.
• How an annuitize-to-need strategy represents the trade-off between risk and return.

Topics Covered:

• What happens to pre-retirement cash flow deficits.
• Applying cash flow surplus reallocation strategies.
• Automatic account redemption strategies during retirement.
• Implementation of automatic account redemption strategies.

Topics Covered:

• A step by step walk through of the NaviPlan client portal.
• How a client can review their net worth, cash flow, and goals using plan data.

Topics Covered:

• A step by step walk through of the financial profile fact finder.
• How data entry is presented to the client within the financial profile fact finder.
• How a client can review and submit their data to your NaviPlan® system. A step by step walk through of the NaviPlan client portal.

Topics Covered:

• What to expect when a client submits a Financial Profile fact finder to NaviPlan®.
• How to turn a blank financial profile into a plan.
• A step by step walk through of the financial profile fact finder.

Topics Covered:

• How each workflow status affects your plan.
• A visual guide to the workflow process.