Transcript:
Reviewing Contributions and Withdrawals in a Client Plan
This video explains how to review contributions and withdrawals in a client’s plan using Year View, with a focus on understanding how money flows into and out of investments and pensions over time.
Using Year View to Review Contributions
- Navigate to Year View.
- Select the Investments tab.
During the pre-retirement years, this is where you will primarily review contributions into the plan.
In this example:
- A €5,000 contribution was made to an investment account in the current year.
- The estimated end-of-year balance reflects:
- Net investment growth, plus
- The contribution made during the year
Viewing Investment Details
- Click on the investment to expand the details.
- Here, you can review:
- Asset allocation
- Whether the activity shown represents a planned contribution or withdrawal
If you ever see:
- A planned contribution amount, and
- An actual contribution that is lower than planned,
this may indicate there is insufficient cash flow in the plan to fully support the contribution.
Reviewing Withdrawals in Retirement
Once the plan transitions from pre-retirement into retirement:
- Contributions typically stop
- Withdrawals begin
To review withdrawals:
- Navigate to the Details view of the chart.
- Hover over any bar to see:
- Which accounts are being used to meet expenses in that year
Viewing Withdrawals in Year View
- Go to Year View.
- Select the Investments and Pensions tabs.
Here, you can see:
- Which accounts are providing income
- How funds are flowing into the plan to support retirement spending
Understanding How Expenses Are Funded
To see how withdrawals are being applied:
- Navigate to the Expenses tab.
- Expand individual expense items.
This view shows:
- Which accounts are being used to fund each expense
- How the software is allocating withdrawals to meet spending needs
Key Takeaways
- Pre-retirement years focus on reviewing contributions
- Retirement years shift the focus to withdrawals
- Differences between planned and actual contributions may signal cash flow constraints
- The Expenses tab provides clarity on how withdrawals are being used
Need Help?
If you have questions about contributions, withdrawals, or cash flow behavior:
- Click the client name in the top right
- Select Request Support
- Enter your question and share client access
You can also contact:
support@planwithvoyant.com