Education Objectives

This page covers the following location(s) in NaviPlan:

Set Goals - Education - Education

Planning Objectives :: Procedures :: Related Information

Planning Objectives

ClosedHow does NaviPlan handle education goals?
  • In NaviPlan, an education goal is treated in much the same way as a major purchase goal.
  • However, education goals typically span a period of years and costs vary based on the university in question. NaviPlan comes with a database of schools and universities to help you understand the costs associated with your clients' education goals.

Procedures

ClosedHow do I define an education goal?
  1. Click Add Education Objective.
  2. Enter basic information for the goal.
    •  This includes a Description, a Name, and a Start Age/Year for the goal.
    • If applicable, select the Infl and/or +/- Add'l fields to index the cost of the goal.
  3. If you know the Annual Cost for the clients' goal enter it.
    • If you do not know the cost, select Search Education Goals.
    • Enter a School Name and a City, then select a State from the menu.
    • Select a school from the Search Results and make a selection from Expense Options.
    • When you are satisfied with these options, click OK.
  4. Enter the number of Years over which you expect the education goal to span.
  5. If applicable, use the icons under Actions to add additional details for the goal.
ClosedHow do I modify the investor profile for an education goal only?
  1. Select Override for the Investment Profile menu.
  2. Make a selection from the Investment Profile menu.

Screen Notes

ClosedEducation Accounts and Unassigned Accounts
  • All accounts allocated toward the education goal appear on this page under Education Accounts. The market value of each account displayed reflects the value of the account—not the amount allocated to the education goal.
  • Any accounts not allocated to a goal appear under Unassigned Accounts.
ClosedSearch Education Costs
  • Use this option to search the Peterson's Undergraduate Database for tuition costs at a specific university or college.
ClosedAsset Allocation Asset Allocation
ClosedTransfers Transfers
  • Use this option to setup transfer strategies. For more information, see the Transfer Strategies Help page.
ClosedGoal Funding
  • Use this button to view and edit the clients' current allocation of assets to goals. For more information, see the Goal Funding help page.
ClosedSelect Plan Data for Reports
  • Use this button to filter which goals you wish to include in Client Reports. For more information, see the Client Reporting help page.

Related Information




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