Choose a scenario and see how it would affect
the Lifetime Plan
Use the
Financial Events Modeler after you create and complete your
Lifetime Plan.
- Click Planning, and then, in the left pane,
click Financial Events Modeler.
- In the Scenario box, click the scenario you
want to investigate.
- Read the scenario's description to get a better sense of what
the scenario will do.
- Enter any additional information that the scenario
requires.
- Click Compare My Plan.
Depending on how complex your plan is, it may take a few moments
for the Financial Events Modeler to do its analysis.
- Take a good look at the Comparison Forecast graph, which
compares your annual Bottom Line under your current plan and under
the scenario you chose.
To see the data for any given year, move the pointer to that
part of the timeline.
- After you've reviewed the results, do one of the following:
- Click Try New Scenario if you want to work
through another scenario or modify the scenario you just
considered.
- Click Accept Changes to incorporate the
scenario in your Lifetime Plan, if you've chosen a scenario where
that's possible. However, after you incorporate a scenario, you
can't undo it easily.
- Click Done if you're done experimenting.
Note
A variable is an item you'd be willing to change to make your
scenario work within the constraints of your current plan. For
example, if you're considering adopting a child, you might be
willing to retire at an older age, increase your savings
contributions, or invest your money more aggressively.