Scenarios: Overview
Scenarios acts as an investment withdrawal calculator useful for walking clients through life events, related one-time withdrawals, and how they fit into an overall financial plan. Add scenarios to represent major milestones like purchasing a home, paying for college, or investing a windfall of cash.
How to Build a Scenario:
- Hover over Tools and select Scenarios
- Search for a security or portfolio in the Securities section at the top left
- Select one of the options in the Compare To section if you're looking for a comparison
- Select a start and end date for the scenario. Note that for future dates, the Scenario Builder can only look as far into the future as there is history in the past. So for a scenario to look forward 10 years, it would need at least 10 years worth of history; for 5 years in the future it would need 5 years of history; etc
- Enter a starting investment value
- Select + Add a Scenario
- Enter the Scenario Name
- Select whether the scenario is a contribution or withdrawal in the Type section
- Select whether the scenario will use a value or a percentage in the Data Type section
- Enter the value or percentage
- Select the frequency of the contribution/withdrawal in the Frequency section
- If you were looking to have the scenario increase over time, select the Custom rate of change checkbox and complete the fields
- Select Add
- Select Calculate