Comparing Present and Proposed Scenarios
After creating proposed transactions using
MasterPlan's "What-If" facility, you can evaluate the consequences
of your proposals compared to the client's current situation.
Several of MasterPlan's
reports, such as retirement and real estate reports, can be produced to
show either the proposed situation or the current situation.
 The Multi-Year
Planning Summary actually compares
present and proposed situations in a single report, demonstrating the
differences your proposals will make on a client's cash flow, income taxes,
retirement plan performance, and net worth. The report can show as many
years as you wish, extending to life expectancy (up to 99 years into the
future).
 Similarly, the Proposed
Plan Effects Report displays
the annual tax savings and investments a client will make based on your
recommendations. It then analyzes the tax savings efficiency of the proposed
investment strategy, as well as showing the modified internal rate of
return for the strategy. You can set this report to begin in any year
up to life expectancy.
Once convinced
of the value of your proposals, your clients will need an implementation
guide to follow through with the plan. MasterPlan automatically produces
a Personal Action Plan which explains the steps that should be followed
to implement your recommendations.
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