Net Worth Goal (New)

The Net Worth Goal works differently from other goals in that it tracks progress towards a target Net Worth amount.

It uses Net Worth which includes:

  • + Property
  • + Liquid assets 
  • - Debts 

See the Net Worth value in each year of the plan by viewing the Net Worth chart.

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Some things to note:

- Net Worth doesn't include assets held in Trust (these are shown in Plan Worth chart and not Net Worth)

- If a joint plan and the partner is a non-legal partner the partner's solely owned assets do not appear in Net Worth (jointly owned assets are included). If a legal partner or spouse all assets are included regardless of ownership.

 

To use the Net Worth Goal go to the Dashboard + button bottom right and select Goals - Net Worth Goal. 

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Put in a Net Worth amount for the goal and select an Event on the Timeline. 
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In Dashboard and Timeline and also in the Financial Summary and Events & Goals reports you can track progress towards this goal and whether it is being met by the plan currently.

Go to a What If scenario to see if the goal is met after changes to the plan, for example contributing more to savings.

 

You may see a number greater than 100% which means the Net Worth goal is exceeded by that amount.

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FAQ - Net worth does not show non legal spouse assets

FAQ - The Net Worth chart is not showing the full value of my clients' assets. Why?