The Retirement Fiscal Cliff is a worksheet designed to quickly generate a basic structured income plan for a client. When you open it, the fields are automatically populated with data pulled directly from the client dashboard landing pages. This how-to guide will walk you through a hypothetical example, starting from the View All Cases Landing Page, to show you exactly how the tool functions.
To learn about Tools see articles:
- Replicate Discovery Data as a Planning Scenario
- How to Use The Retirement Fiscal Cliff Function for an Existing Client
- Using The Retirement Fiscal Cliff Function for a New Client
Step 1: View All Cases: Click on the green View All Cases button under the Your Case List heading.
Step 2: Case: Click on the Client account you would like to open up. 
Step 3: Client Information: Note the clients initial plan age and retirement age.
Step 4: GoTo Incomes: Click on the green GoTo Incomes button under the Client Information heading.
Step 5: Incomes: Note the Wages/Income and Social Security amounts.
Step 6: GoTo Assets: Click on the green GoTo Assets button under the Incomes heading.
Step 7: Assets: Note the total amount of assets and an average rate of return.
Step 8: Tools: Click on the Tools link under the Client’s name.
Step 9: The Retirement Fiscal Cliff: Click on the green Retirement Fiscal Cliff button.
Step 10: Years Until Retirement: This number will automatically be filtered in and correlates to the initial plan age and retirement age.
Step 11: Combined Wages: This textbox correlates to the Client Dashboard Income Wages/Incomes checkbox.
Step 12: Annual Savings Amount: This textbox correlates to the total amount that will be deposited into the assets.
Step 13: Annual Savings To Be Added To NestEgg: Select the caret to pick if you would like the amount to be shown as a monetary amount or a fixed percentage that will be deposited into the total assets amount.
Step 14: Current Retirement NestEgg Balance: This textbox will automatically be filtered in with the total amount of the current assets and the average rate of return for all the assets.
Step 15: Social Security Benefits at Retirement: This textbox will automatically be filtered in with the social security amount that was filtered in on the Client Dashboard Income page.
Step 16: List of Other Retirement Incomes (Rentals and Other Business): Enter in the data for this section.
Step 17: Target Income After Retirement: Enter in the target income and inflation assumption.
Step 18: Build Case: Click on the green Build Case Button under the Fiscal Cliff heading.
Step 19: Scenario: You will automatically be taken to the Structured Income Planning Page after a new planning scenario is created.
If you feel you need more support or would like to set up demo time with one of our representatives, please contact us at: +1-888-449-6917 or support@planscout.com.
