Savings Strategies
This page covers the following location(s) in NaviPlan:
Enter Financial Data - Strategies - Savings
Savings Strategy Details dialog
Planning Objectives :: Procedures :: Related Information
Planning Objectives
What is a Savings Strategy?
- A savings strategy is a plan to contribute a given dollar amount (or percentage of a given income) to a specific asset with a given frequency.
- Savings strategies can be entered for accounts, fixed annuities, and variable annuities.
- You can enter a savings strategy with specific contribution amounts on a regular basis, or as a lump sum amount.
- Multiple savings strategies can be entered to reflect changes to savings amounts over time.
What does the Maximize Contributions feature do?
- The Maximize Contributions will always contribute the maximum amount to qualifiedaccounts even as the federal limit increases.
- To use this feature, type max in the owner (employee) contribution field.
- The maximize contributions feature applies to 401(k), 403(b), 457, IRA, spousal IRA, Roth IRA, Roth spousal IRA, Roth 401(k), Roth 403(b), and Health Savings Account accounts.
Procedures
How do I enter a savings strategy?
- Select an account or annuity from the Choose Account... menu and click Add Savings Strategy.
- Enter details for the newly-created savings strategy.
Related Information
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