In this video we will walk through how to use Property and Gifting Goals in the Voyant software.
Transcript
In this video, we walk through how to use two new goal types in Voyant Global: Property Goals and Gifting Goals. These goal types allow you to model future purchases and ongoing gifting in a clear, trackable way within a client’s plan.
Adding a Property Goal
To begin, select the plus (+) button in the bottom-right corner of the screen and choose Goals. Scroll to the bottom of the list and select Buy a Property.
This goal type allows you to model a future property purchase as a trackable expense within the plan.
Start by giving the property a name. Next, enter the market value. Because this is a future purchase, the market value and purchase value will be the same.
You can then choose whether the value should be entered as a present value or future value. In this example, we’ll select future value, so the property enters the plan at $500,000 in the year of purchase.
Next, move to the Timing section. Create an event for when the property will be purchased and set that event as the start date for the goal.
Now, link an expected mortgage debt to the property. Select Mortgage, enter the mortgage amount (for example, $450,000), add an estimated interest rate and loan term, and indicate whether the interest is tax deductible in your region. Once complete, click Done.
After saving, the dashboard will refactor. You’ll see a spike in the year the property is purchased. If you open the goal details, you’ll see the mortgage debt shown in green and the cash used for the down payment pulled from taxable savings.
To explore this further, switch to Year View and scroll to the year the property is purchased. Under the Property section, you’ll see the purchase price, current mortgage balance, and the cash used toward the purchase.
If you navigate to the Debt section, you can track the remaining mortgage balance over time, all the way through the year it’s expected to be paid off.
Returning to the Dashboard, you’ll now see the property reflected in the Property, Mortgage, and Goals sections. Because the goal is marked as 100%, this confirms that the clients have sufficient funds in their plan to purchase the property as expected.
Adding a Gifting Goal
Next, let’s look at a Gifting Goal.
Select the plus (+) button, choose Goals, and then select Gifting Goal. For the recipient type, you can choose either a person outside the plan or a charity. In this example, we’ll select Charity and name the goal Charitable Giving.
Enter the annual gift amount — in this case, $25,000 per year. You can choose whether this amount should be inflated over time or keep it level by editing the inflation setting.
Move to the Timing section and set the goal to begin this year by leaving the current start event selected.
Next, go to Payment Sources. If you’d like this gift to come from a specific account, you can turn on Only Use Preferred Payment Source. In this example, we’ll select a taxable investment account as the exclusive funding source, then click Done.
Once saved, the charitable giving will appear under the Expenses section of the plan.
In Year View, under Expenses, you’ll see the charitable gift listed as Legacy Gift – Charitable Giving at $25,000 per year. This expense will continue until the selected investment account runs out of funds.
Wrap-Up
Property and gifting goals provide a powerful way to model future purchases and ongoing giving directly within a client’s financial plan, while clearly showing how those goals are funded and how they impact cash flow over time.
I hope this was helpful. If you have any questions, please reach out to our support team through the software by entering your message and sharing client access.
Thanks for listening.