Assign Settings

• The exact settings available in this dialog box will vary based on the report or graph selected. However, the effect of these settings is always the same: to refine, customize, and focus the data shown in the stand-alone report.

1. There are two ways in which you can select years using the year picker.
   • Selecting a Range: Click and drag from the first year in the range until you have reached the final year you wish to include.
   • Selecting individual (discontiguous) years: Hold down Ctrl while clicking the mouse button on each year you wish to include.
Note: You can use the grey arrows located to the right and left of the timeline to see more years.
2. Milestones will also be displayed on the timeline. These key events are indicated by small colored squares inside the year in which they occur. Hover over these squares to see more information.
3. When you are satisfied with these options, click OK.

The items in the Assign Settings dialog box vary depending on the report or graph being generated. Some of the items listed may not appear in the Assign Settings dialog box for the report or graph you are generating.

Display Account Holdings

If selected, the report displays detailed account holding values. If cleared, the report displays summary account values.

Display Options

• Show Total Column Only – Displays only the total values for all assets and liabilities owned by the client family. The owners of the individual assets and liabilities do not appear.
• Show Joint Amounts Separately – Creates a Joint column that displays the total values of the assets and liabilities that are assigned joint ownership in the plan.
• Show Community Property Separately – Creates a Community Property column that displays the total values of the assets and liabilities that are identified as community property in the plan. This option appears when the tax filing status of the clients is either Married filing jointly or Married filing separately.

<report year>

The year to which the information in the report or graph applies.

Valuation Date

The report generates using asset values as of the valuation date selected.

Asset

Asset described in the report.

Years to Display

Number of years to be shown in the report.

Scenario

Bases the report or graph on the selected scenario type:

• Current – The report or graph analyzes the information in the current plan, including all Current Plan scenarios for each goal.
• Alternative <number>/Alternative <number> (Recommended) – The report or graph analyzes the information in the selected alternative plan, including the alternative scenarios for each goal.

Select Goal

List of goals that can be included in the report.

Split Ownership

If selected, the report separates the net worth assets for the client and co-client. In this case, up to five years can be displayed in the report. If cleared, the net worth assets are consolidated for each year and 10 years can be displayed in report.

• Combined – Displays the combined performance of all GRATs in the series.
• All Individual – Displays the performance of all individual GRATs in the series.
• GRAT # – Displays the performance of a selected GRAT in the series.

Portfolio

Portfolio on which the report or graph will be based. Any of the following choices may be available, depending on the plan level and the report selected:

• Complete Analysis – All assets in the plan.
• Unlinked Assets – All assets not linked to specific goals.
• Retirement - All – All assets linked to retirement.
• Retirement - Annuity – All annuities in the plan.
• <education goal> – All assets linked to the specified education goal.
• Education - All – All assets linked to any education goal.
• <major purchase goal> – All assets linked to the specified major purchase goal.
• Major Purchase - All – All assets linked to any major purchase goal.
• Emergency Fund – All assets linked to the emergency fund.

The following choices apply to the Efficient Frontier report:

• Retirement - Qualified – All qualified assets, other than annuities, linked to retirement.
• Retirement - Non-Qualified – All non-qualified assets, other than annuities, linked to retirement.
• Retirement - Non-Qualified Annuity – All non-qualified annuities in the plan.
• Education - 529 - <education goal> – All 529 assets linked to the specified education goal.
• Education - Non-Qualified - <education goal> – All non-qualified assets linked to the specified education goal.
• Education - Qualified - <education goal> – All qualified assets linked to the specified education goal.
• <education goal> - 529 – All 529 assets linked to the specified education goal.
• Major Purchase - Non-Qualified - <major purchase goal> – All non-qualified assets linked to the specified major purchase goal.
• Major Purchase - Qualified - <major purchase goal> – All qualified assets linked to the specified major purchase goal.

The following items only appear when you are generating the Monte Carlo graph.

Randomize Life Expectancy

• Randomly selects life expectancies for each iteration of the simulation. Monte Carlo theory suggests that using random life expectancies results in more realistic simulations. Life expectancies are based on a mortality table.

Force Full Deficit Coverage

• Automatically redeems available assets throughout the entire plan (not just the retirement period, which is the default) to cover annual cash flow deficits. By default, any available non-qualified assets owned by the client or co-client are used to cover these deficits. Selecting this option does not change the plan in any way, but may result in a higher number of failures. For example, if assets funding retirement are depleted to cover deficits in the pre-retirement period, the likelihood that deficits occur during retirement increases. If a deficit is greater than the success tolerance, a failure is triggered.
  Cash flow deficits during the retirement years are covered by the sale of qualified and non-qualified assets. This is always true, both in the Monte Carlo analysis and in the plan.

Show Goal Details Graphs in Report

• If selected, includes graphs that show the details about retirement/major purchase/education goals at the end of the report. This option is recommended if you want to see how individual projections are distributed or if you are interested in seeing the highest or lowest results that occurred during the Monte Carlo simulation.

Retirement Goal Deficit Tolerance

• The deficit tolerance your clients feel comfortable with, expressed as a negative number.

Education Goal Deficit Tolerance

• The deficit tolerance your clients feel comfortable with, expressed as a negative number.

Major Purchase Goal Deficit Tolerance

• The deficit tolerance your clients feel comfortable with, expressed as a negative number.

Number of Projections

• The number of projections that will be run. The number must be between 100 and 1,000. The more projections run, the longer it takes to complete the simulation.

Projection Criteria

Start

• First year shown in the report or graph.
• It can be up to 75 years in the future, but cannot be before the current plan year.
• You can enter a year or select an event that will trigger the start date. If you select an event, NaviPlan automatically displays the associated year.

End

• Last year shown in the report or graph.
• It can be up to 75 years in the future, but cannot be before the current plan year.
• You can enter a year or select an event that will trigger the start date. If you select an event, NaviPlan automatically displays the associated year.

Members to include

• Family members included in the report or graph.

Inflation of Amounts

Base Projections on

• Kind of dollar values used in the report or graph.

Periodic Buying Power Projections

Show Buying Power every <n> years

• How often buying power dollars are to be displayed in the report or graph.

Start Showing Buying Power Values in

• First year that you want buying power dollars to be displayed.

Limit future years

Override

• If selected, the report or graph displays some of the years in the specified range, but not all of them. This reduces the size of the report or graph.

After <n> year(s), show only...years

• Years in the specified range (from the Starting Year to the Ending Year) that should be included in the report.
  • For example, if you enter After 10 year(s), show only Multiples of 5 year(s), then each of the first 10 years in the specified range will be included in the report and every fifth year after that.
  • If you select Multiples of <x> years, then after the first n years, only years divisible by x will be shown. For example, if the Starting Year is 2003 and you enter After 5 year(s), show only Multiples of 5 year(s), then the report displays the years 2003 through 2007 and then every year divisible by 5 after that (2010, 2015, etc.).
  • If you select Every <x> year(s), then after the first n years, every x year is displayed. For example, if the Starting Year is 2003 and you enter After 5 year(s), show only Every 5 year(s), then the report displays the years 2003 through 2007 and then every 5 years after that (2012, 2017, etc.). You cannot enter a value in this field unless you have selected Override under Limit Future Years.

Ending with the last <n> year(s)

• Number of consecutive years that should be shown at the end of the report or graph.
  • For example, if you enter a starting year of 2001, an ending year of 2021, and Ending with the last 3 year(s), the years 2019, 2020, and 2021 are included in the report or graph regardless of the other criteria you enter. You cannot enter a value in this field unless you have selected Override under Limit Future Years.

Show

• Kind of dollar values (nominal, buying power, or both) that you want the report or graph to show after it starts skipping years.
  • For example, if the report shows 10 consecutive years and then every fifth year after that, the first 10 years are displayed according to the kind of dollar values you selected from the Base Projections on list and every fifth year after that is displayed according to the kind of dollar values you selected from the Show list.

Collapse Deductions

• If selected, the report is shortened. Less Deductions replaces the following lines:
  • less Liabilities
  • less Probate Fees
  • less Administration Fees
  • less Final Expenses
  • less Transfer to Spouse (UMD)
  • less Charitable Bequests from <client/co-client>

Expand Alternative Minimum Tax

• If selected, shows the details of items that are summarized in the report.

Show First to Die

• If selected, displays information related to first client to die in the plan.

Show Rows with Zero Values

• If selected, displays any years that have a zero value. Rows with a zero value are otherwise not displayed.

Show Total Taxes

• If selected, displays the total amount of taxes paid by the clients’ estates.

Show Summary

• If selected, includes only the client’s or co-client’s summary information in the report.

Show Net to Charities

• If selected, displays the amount donated to charities.

Collapse Taxes

• If selected, the report is shortened. The following lines disappear and their total appears in the line Total Taxes Due:
  • Total Tentative Tax
  • less Gift Tax Paid
  • less Unified Credit
  • State Death Tax
  • less State Death Tax Credit
  • plus Tax resulting from IRD
  • plus GSTT on Bequests

Show Last to Die

• If selected, displays information related to the death of the surviving client or co-client.

Show Net to Heirs

• If selected, displays the amount received by the clients’ heirs.

State Tax – Show Details

• If selected, displays details of the selected family member’s state taxes. If you do not select this option, only the state tax total appears.

Simultaneous Death in

• If selected, NaviPlan assumes (for the purposes of the report) that both the client and the co-client die at the end of the specified year.

Other Life Expectancies

• If selected, NaviPlan assumes (for the purposes of the report) that the client and the co-client die at the end of the specified years.
• Life expectancies can be selected from the Event lists (there is one for the client and one for the co-client), or a date can be entered manually. If an event is selected, it can be modified by entering a positive or negative number in the field following the list. For example, if the Plan’s Deceased Date was selected from the client’s Event list and -1 was entered in the following field, NaviPlan assumes that, for the purposes of the report, the client will die one year earlier than the deceased date used for the rest of the plan.
• The following deceased dates can be selected from the list: 
  • Plan’s Deceased Date – The end of the year entered on the Milestones page.
  • Estate Planning Life Expectancy – The end of the year entered on the Assumptions tab.
  • Estate Planning Alternative Life Expectancy – The end of the alternative year entered on the Assumptions tab.
  • Current Plan Year – The end of the plan year.
  • User Defined – The end of the year manually entered in the field following the list.