Financial Mappers Tutorial

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Financial Mappers®

Tutorial

How to Make a Savings Plan (Age 35 – 65)

Disclosure Statement Financial Mappers is not intended to offer, or be a substitute for, financial advice. Its purpose is to provide a dynamic mathematical model which shows the cause and effect of various financial transactions which are based on the information provided by you and assumptions of future values. This product is purchased as an educational game to understand and learn to manage all aspects of personal finances in a changing economic environment. Default assumptions used by Financial Mappers for returns on investments are based on the approximate average returns in Australia for the fifteen (15) years from the year 2000 where information is readily available in the public domain; except that the program has taken the view that it should not give advantage to one investment class over another. Therefore the income and capital growth for both Shares and Real Estate (both of which are considered Growth Assets) have been allocated the same returns. We consider these assumptions are reasonable for the purposes of working out the estimates provided. Where an estimate produced by Financial Mappers is an amount payable at a future time, such amount takes into account an assumed change in the cost of living between the time of preparation of the estimate and the future time. The program has elected to use the Default Inflation Rate of 2.75% to calculate changes in the cost of living. This rate is the estimated average rate for the 15 year period from the year 2000. This rate may be changed by the user and the same rate is used for every year of the program. At times, the program will identify results as being in Present Value. These values have discounted the Future Value by the nominated Inflation Rate. In the Summary Data and the Retirement Plan, the user may choose to view results in either Future Value or Present Value. All Account Balance graphs are displayed in both Future Value and Present Value. When using Historical Data, there may be some limitations in that Managed Funds assume an allocation of 20% for Cash and 40% each for Property and Shares, while the Employer Pension Fund assumes an allocation of 30% Cash, 40% Shares and 30% Real Estate. Not all funds will have this type of allocation. The change in value of real estate is based on the Australian Residential property, whereas real estate held by a Managed Fund or Pension Fund is more likely to be commercial or industrial with some international component. The income for real estate is not based on historical data has been fixed at 5.00% Gross (4.25% Net with 15% of Income allocated to Expenses) and does not change. Normally one would expect the rental income to change from year to year. When using any of the four 10-Year Economic Cycles, the method of calculating Capital Growth for Managed Funds is the same as for Shares. As Managed Funds may have only a small component of Australian Shares, this will be a less reliable indicator. Income earned in the Cash Accounts, Term Deposits & Bonds are the same as the Cash Rate. Normally one would expect a variation in the return of each asset class. For the purpose of this software, the Cash Account Rate is the 90 Day Bank Bill plus 1%. Income is always 4.25% for Dividends on Shares and Managed Funds as there is no reliable data over this time period. Gross Income of 5% for Investment Properties remains the same as for Historical Data. Return on the Employer Pension Fund is always Actual Inflation Rate + 4%. Gross Rent is increased at the rate of Inflation. Rents may not rise in value at the same rate as Inflation.

Sample Savings Plan

Financial Mappers should not be relied on for the purposes of making a decision in relation to any financial product and you should consider obtaining advice from a financial services licensee before

making any financial decisions.

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The application of taxation due for income and capital gains is limited in its use. The user may select a number of options for taxation. However, where progressive tax rates are used, the future tax is based on the assumption, the percentage tax charged will remain the same, taking into account value of the tax brackets will be inflation-linked. Future tax rates are likely to change from time to time and no account has been made for this possible change. Please ensure the information that you provide is complete and accurate. If the information you provide is incomplete or inaccurate, any information or advice provided is, or may be, based on incomplete or inaccurate information relating to your relevant personal circumstances. For that reason, you should, before acting on the information or advice consider the appropriateness of it having regard to your objectives, financial situation and needs. All assumptions made and forecasts produced using Financial Mappers are based on past performance. Past performance is not a reliable indicator of future performance. You should not rely on Financial Mappers for the purpose of making a decision in relation to any financial product and you should consider obtaining advice from a financial services licensee before making any financial decision.

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Contents

Important Information 4

Making a Plan 6

My Salary (& Savings) 7

The Transaction (Bank) Account 8

Add the details of your Home. 10

The Plan for Years 1 to 5: 16 Cash Account 16

The Plan for Years 6 to 15 20 Share Portfolio 20 Managed Funds 25

The Plan for Years 16 to 26 27 Create an Investment Property 28 Create Employer Superannuation Fund 34

The Plan for Years 26 to 30 38 Create a Bond Account 39 Investment Plan (Goals, Home & Investments) 39 Employer Superannuation 41

Bonds 42

Transaction (Bank) Account 43

Review 46

Summary Data 47

Personal (Advanced) Budget 51

Extract Reports 54 Progress Report 56 3 Year Strategy Report 56 Insurance Needs - Self Evaluation 56 Debt Management Report 56 Financial Statement Error! Bookmark not defined. Modelling Tools Overview (Modulators and Historical Data) 55 Modelling Tools Overview (Economic Cycles) 55 Wealth Guidance Report Error! Bookmark not defined.

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Conventions Used in the Modelling Software

This product is not an accounting type product. It is modelling software which allows dynamic and interactive changes every time an entry is made or a different option selected. To accommodate this flexibility the program operates with the following protocols:

The cash flows are divided into two parts. Personal income and expenses are kept in the Personal Budget. The remainder are transferred through a series of accounts. They are used to purchase any major personal financial Goals, (say a car or boat), your Home (together with any major renovations), all your investments and your Retirement accounts such as Superannuation.

Assets are purchased at the start of the year from either the Bank Account or the Savings Plan (Home & Investments) allocation.

Assets are sold at the end of the year and net proceeds deposited in the Bank Account. The exception is when assets are sold to fund a Drawdown in Retirement, in which case they are sold at the start of the year.

Tax is calculated and paid for in the year of liability. Tax due on investment is paid by the Bank Account. Tax due on salary is paid in the Personal Budget. (The Tax Schedule defaults to Australian Tax Schedule plus 2% Flat Tax to provide for Medicare Levy).

Most items are entered in Present Value and the program calculates the value indexed at the nominated Inflation Rate.

Sales or withdrawals from accounts are entered as a Percentage of the Account Value.

Where Management Fees are greater than the Income, the fee is reduced to the value of the income. (Cash Accounts, Managed Funds & Share Portfolio)

The program has a set of Default Values which are used until the user opts to change to a Specified Value. (Default Values can also be changed)

Loans default to a 20 year Principal and Interest Loan and the user must EDIT the loan to change the Loan Type and other loan parameters.

Income is usually calculated as a percentage of the value of the fund. The exception is rental income. This is calculated as a percentage of the value of the property in the first year. You may also enter a dollar value for gross rent and expenses which is

Sample Savings Plan




converted to a percentage of the program. After the first year, the rents are increased at the rate of inflation. Be aware that rents may not increase at this rate and other income may not continue to remain as the same percentage of account value.

When Income is calculated as a percentage of the fund value, the calculation is the value of the fund at the Start of the year after annual transactions PLUS half the Monthly Deposits LESS half the Monthly Expenses multiplied by the nominated Income Percentage.

Capital Growth is calculated as a percentage of the fund value, the calculation is the value of the fund at the Start of the year after annual transactions PLUS half the Monthly Deposits LESS half the Monthly Expenses multiplied by the nominated Capital Growth Percentage.

Where Expenses are calculated as a percentage of the fund value, the calculation is the value of the fund at the Start of the year after annual transactions PLUS half the Monthly Deposits LESS half the Monthly Expenses multiplied by the nominated Capital Growth Percentage.

Activation Keys (Tick Boxes) allow you to enter data, but remove the data from calculations by unchecking the Tick Box. The data will automatically be included once the Activation Key is ticked.

There is no set order in which to enter or change information. However, a good place to start is to enter all your current assets and loans and then follow the arrows for Advanced Planner. In Easy Planner, you should enter Steps 1 to 10 first.

Note: You may wish to go to My Plans and work through this

exercise. Alternatively, you can read the document following the examples in your software. Use a Copy of Savings Plan, so you can experiment as you read this document.

Important Information

This particular Savings Plan should NOT be considered a model plan. It is intended to demonstrate the features of the program.

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Before commencing on detailed personal planning, it is recommended

you read the first two sections of the Help File which are Getting Started followed by Disclosure Statements and Methodology.

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Making a Plan

This plan must be created in Advanced Planner.

You can either:

1. Select Sample Plans, make a Copy and then follow the

screenshots. The copy will be transferred to My Plans.

2. Select Add New Plan and create the plan (Savings Plan) as

you read the PDF file.

If you have selected Add New Plan, you will need to enter the

information regarding the plan.

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My Salary (& Savings)

Using the information below enter the Salary in Present Value or Today’s Dollar Value together with the Percentage of Salary allocated to the Investment Plan (Goals, Home and Investments). This value is also referred to as Investment Savings. This money is transferred to the Investment Plan, where the Loan Expenses for Home and Investment Loans will be deducted. The balance of the funds will then be allocated to either r Investment Accounts, personal contributions to Pension Accounts or to Goals. Any undistributed funds, together with the allocation to Loan Expenses will be transferred to the Transaction Account. (also referred to as the Bank Account). The funds for your Goals should be allocated to the Bank Account. (In this exercise personal Goals have not been included)

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The Transaction (Bank) Account

From time to time, this account will be called either the Transaction Account or the Bank Account. This is the account through which all Investment Transactions will occur. The exception is the allocation of Savings in the Investment Plan (Goals, Home & Investments) to accounts, other than loans. . So far, the Savings from Salary (Investment Allocation) are being deposited in the Bank Account. Later some of these savings will be allocated to other accounts. This account will also pay the estimated Tax Due on investments. Note the Transaction Account has been adjusted from $0, starting balance to a balance of $10,000 together with an overdraft limit of $10,000.

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The View Data displays the calculations in 5-yearly sets. The linked

headings drop down to display the details Note how the program has created one account for each asset type.

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Add the details of your Home.

For this plan, the only asset a Home with a Home Loan. If there were other assets and loans ,the details should be entered at this point in time. As the program has already created the first account, you simply click on the link to Home 1 and enter the details. If you want, you can change the Description found in the first entry.

The house is currently worth $450,000 (Purchase Price is $300,000) and has a loan of $150,000. The program defaults to a set of entries under

each TAB. For now we are not going to change any of those entries.

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When you create the Home Account, the program automatically creates a default loan which is a 20 year loan with the Default Interest Rate and No Loan Costs. You can change the details of the loan by clicking on

the link Edit Loan

For this loan, Additional Payments of $200 a month will be made. Note the interest and time saved by making the additional payments

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Sample Savings Plan




The Graph View demonstrates the savings from the Additional

Payments.

You could change to the Data View where the values are entered in 5-

yearly lots.

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By clicking the BACK Button, or the LINK to Home 1, the details of

your home is displayed.

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The Data View in the first 5 years will display the following.

The Plan for Years 1 to 5:

The focus of the plan will be to reduce the Home Loan Debt and build Cash Reserves for any future unexpected investment expenses.

Cash Account

One Cash Account has been created so you don’t need to create another one. You could change the name to Cash Reserves if you wanted to. As this is going to be a new account, using the Default Interest Rate and no account costs do you do not need to open the account unless you want to change the name.

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Sample Savings Plan




In the Investment Plan (Goals, Home & Investments) you can

allocate how much you intend to save. Note that the program, has automatically allocated funds for the payment of your Home Loan. This allocation includes the Additional Monthly Payments. 90% of the Savings available (after the Home Loan Expenses) will be saved in the Cash 1 account with the balance transferred to the Bank Account. The Bank Account needs funds to pay for any Tax Due on Investments at the end of each year. The Loan Payments for the Home Loan, have already been subtracted from the total savings allocation. The Bank Account will also pay for any personal financial Goals, you may have listed. In the graph, the red section is the Loan Payments and the dark blue is the allocation to the Cash Account and the light blue is the allocation to the Bank Account. The graph will change as allocations are made to other accounts in years after Year 5.

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The Cash 1 account will continue to grow with the interest earned being reinvested.

Deposits transferred from the Bank Account and Withdrawals to

the Bank Account can be entered for any nominated year. Note that

Deposits are entered as Present Value Dollar Amounts and

Withdrawals are a Percentage of Account Balance.

Under the TABS (Account Costs, Investment Return and Retirement

Drawdown), the program has entered a set of Defaults which you

may change. In this case the Defaults are:

Account Costs: None

Investment Return: 5.95% with income Reinvested

Drawdown: Drawdown defaults to a 25 year Drawdown, not activated. However, there is no Drawdown in a Savings Plan

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The View Data will display the following:

The Plan for Years 6 to 15

The focus of the next 10 years is to complete the payment of the Home Loan and start building a Share Portfolio.

Share Portfolio

With additional payments, the home loan will be paid in full at the end of Year 15. During this 10-year period, the new investor plans to make a study of the Share Market, building a Share Portfolio over a 10 year period, while the Home Loan is being repaid. Note the account Shares 1, which has already been created is used for this account. If one did not want to have direct involvement in the Share Market, you could build a portfolio of Managed Funds. (This is a demonstration plan and is not recommending any particular asset class)

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In this case, there are no pre-existing shares. Therefore you do not need to enter any data, regarding the Current Value of Shares or the Purchase Price of Shares. This information would be required to calculate Profit on Sale of shares and the Capital Gains Tax. The program has included the option for a Share Loan. This option was developed to cater for users who are experienced Share Investors and not beginners.

The program defaults to Always Reinvest Income. The dividends may also be paid to the Bank Account.

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Under the TAB for Tax & Tax Credits, the application of Australian

Tax (Imputation) Credits to 70% of the fund has been applied..

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Now we can go to the Investment Plan (Goals, Home &

Investments) and allocate 80% of our Savings from Salary to the

Share Portfolio for both 5-year periods. Note how the graph now includes an orange section for the allocation of Shares and Managed Funds. As no allocation is being made to the pre-programmed accounts, the boxes could be unchecked. You could also delete the accounts on

the page where you can View All Plans.

You can also purchase shares from the Bank Account in any nominated year. Shares may be sold by entering the percentage of the fund you wish to sell. To demonstrate, $5,000 worth of shares was purchased in Year 1 and 5% of the Fund sold in Year 5.

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The following is how your Share Portfolio will continue to grow over the last 15 years, without any further investment from yourself.

View Graph

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View Data Years 1 - 5

Managed Funds

You may choose to purchase Managed Funds instead of buying shares. The account is similar however you cannot have a loan attached to your Managed Funds. If however, you a want to borrow funds, this can be done by using the Share Portfolio Loan. The Loan Amount is deposited into the Bank Account, from where you can purchase Managed Funds. However, the loan is not attached to the account as in the case of the Share Portfolio. The second difference is in the Management Fees. For the Share Portfolio you can list just one Percentage of Portfolio for fees.

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However, most people will not use external help in the management of their Share Portfolio. In the Managed Funds, if you change from Default Management Fees, which is just one fee, to Specified Fees you will have additional options. These include an Trailing Commissions which is part of the Management Fee. You can also include a Performance Fee, which may be activated and deactivated independently of the Management Fee.

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The focus of this 10 year period is to purchase an Investment Property.

Under the TAB Reports, you can review your Summary Data.

At the end of Year 15 your financial situation, using Present Values rather than Future Values will be the following:

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Create an Investment Property

Over the next ten years, the plan is to purchase an Investment Property, using the equity in the home, instead of saving for a deposit, repaying the loan quickly by allocating most of the savings from salary to the repayment of the loan. Using the already created account, Investment Property 1 enter the Present Value of $380,000 which is $570,800 in Future Value as the property is purchased in Year 16.

You will need to EDIT LOAN, to add the Additional Payments of

$1,500 a month, reducing the loan term from 20 years to 10 years.

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You could fix the interest rate or change from the Default Rate, if you thought interest rates may be higher over the duration of the loan.

You could also include Loan Costs as a Dollar Value or a

Percentage of Loan. The program defaults to No Loan Costs.

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Sample Savings Plan




The savings in interest and loan costs would be:

As this is a quick fly-over, we will not change any of the TABS for the

Investment Property.

Under the TAB Investment Return, the returns can be entered as

dollar values if you select Specified Returns and uncheck the option for Percentages. In this example the Default Investment Returns have been used but the Specified Rate with dollar values is displayed for you.

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Under the TAB Building Write-off, entries can be made regarding

any Tax Write-offs which may be available. This information is used in the calculation of Income Tax and Capital Gains Tax.

Under the TAB Building Improvements, you can nominate the cost

of any building renovations. These costs are withdrawn from the Bank Account.

Under the TAB Depreciation, a schedule can be created for the

current written down value. An average time for all the assets to be written off should be included. Thus there is only one depreciation value for previous Capital Purchases.

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Under the TAB Capital Purchases, the cost of Capital Purchases

such as furnishings, electrical items, etc. can be entered. These costs are withdrawn from the Bank Account.

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Create Employer Superannuation Fund

We have not mentioned your Employer Superannuation. At the commencement of the Plan, the Employer Balance was $80,000. The program has created two formats for Pension (Superannuation), where both the employer and the user can make contributions. You will need to activate the account and elect to calculate your employer contributions. The two formats are called Employer and Self-Managed. In this case the Employer model is being used. Both accounts are Defined Contribution Accounts. If you have a Defined Benefit Pension Fund, there is a separate account which can only be completed for the Retirement Phase.

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To date, the plan has not made any personal contributions.

You can carefully plan the Investment Profile to match your risk tolerance at various stages of your life. You can also change to a New Fund.

Note you can EDIT the information regarding each Profile:

Profile from Year 1:

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Profile from Year 26:

The program offers multiple options for the management of your fund to give maximum flexibility.

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As the value of your fund increases, you may be offered discounts on Management Fees:

The additional option is to Change to a New Fund. The program will calculate the cost of this change.

The program also has the facility for a Self-Managed

Superannuation Fund, where you can purchase Property and

allocate funds to Interest Earning Accounts and Shares and Managed Funds.

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The following are the projections of the Superannuation Account:


In the last five years, the plan will hold no debt and will use all savings to:

Purchase on a yearly basis 5-Year Bonds from the Savings Allocation.

Increase the value of your Superannuation Fund, by contributing After-Tax Contributions from the Investment Allocation.

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Create a Bond Account

The Bonds 1 account has already been created and as the Default Term and Interest Rate will be used, there is no need to enter the account, before making the allocation in the Savings Plan (Home & Investments). Bonds may be also be purchased directly from the Bank Account.

Investment Plan (Goals, Home & Investments)

When you create a new account, the program will automatically select the account for Savings Allocation in the Investment Plan (Home & Investments). The exception are the two pension accounts. These

accounts will not be displayed, until they have been activated and

then you must TICK the box if you want to make contributions.

Contributions may be either Pre-Tax or After-Tax. In this example, After-Tax Contributions have been selected to demonstrate the program. When using Pre-Tax Contributions, you will need to ensure, the total Pre-Tax and Employer Contributions do not exceed the allowable limit for Concessional Contributions. The program will give a warning, but you must choose to make the changes as some

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people may be eligible to higher contribution limits than those calculated in the program. In the last 5 years, the purple section is the allocation to Pension Account and the dark blue to Cash, Term Deposits and Bonds.

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Employer Superannuation

Notice how rapidly the value of the Pension Fund increases in those last 5 years.

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Bonds

Bonds and Term Deposits are treated differently to other accounts in

the Investment Plan (Goals, Home & Investments). The

program assumes that the total allocation is contributed at the start of the year; whereas all other allocations are made on a monthly basis.

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Transaction (Bank) Account

The Bank Account is the account through which all transactions, apart from the Savings (Investment) Allocation occur. It is important that you monitor the balance of this account to ensure that you have sufficient funds to pay for your expenses. The program has small chart to the right of the inputs which displays the balance and the overdraft limit of $10,000. The Overdraft is the red area graph. As you can see the Bank Account is overdrawn in the later stages of the loan repayment. The loan payments have been indexed each year. From Year 19 to Year 26 the Bank Account is overdrawn.

This issue can be addressed in a number of ways:

1. Ignore it as you know there are funds available in your Cash 1 Account and your Share Portfolio which could be sold if necessary.

2. Reduce the Savings Allocation to the Share Portfolio from 80% to 60% during Years 6 to 15. In this case the overdrawn amount would disappear.

3. Withdraw funds from either the Cash 1 account or the Share Portfolio each year as additional funds are required.

4. Increase the Percentage of Salary Saved between Years 10 to 26.

In the Data View, where the Share Portfolio allocation has been

reduced to 60% the graph showing the balance at the Start of the Year and After Annual Transactions (those at the start of the year) would be displayed as the following. Note the change in balances in Year 16, where there are Buying Costs and Loan Costs for the purchase of the Investment Property at the start of the year.

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When the Savings Plan is readjusted to the original savings of 80% for Shares, the graph will be displayed as:

The second graph has two views. The program defaults to displaying only the transactions related to the Bank Account.

In the second view, the Deposits and Withdrawals for Other Accounts are displayed as area graphs.

Note on Graphs: On any graph in the program, the graph usually

defaults to displaying all items in the Legend. You may deactivate any

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item you do not wish to view. Sometimes this is helpful where you have one-off large amounts which effect the scale of the other items.

In addition you can use the ZOOM function to read small values.

(Instructions are found at the top of the Summary Page.

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Review

The Plan Dashboard gives you 8 graphs which identify the significant features of your plan. As you move the slider from year to year, you can examine the details. This plan does not have any Goals, however you could click on the

LINK which will take you to Goals and you could create some if you

wanted. Remember that the funds are withdrawn from the Transaction (Bank) Account at the end of the year, if you have achieved your Goal.

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Summary Data

The Summary Data, found under the TAB Reports, and will give you

a year by year Report on the following:

Key Indicator Graphs

Salary and Percentage Saved

Investment Plan (Goals, Home & Investments)

Retirement Plan: Funding Accounts

Transaction (Bank) Account Balance at Start of Year

Assets and Liabilities

Income and Expenses

Statistics

Debt Servicing Ratio (DSR)

Income as a Percentage of Benchmark Salary

Nominal Return

Real Return

Investment Profile of Assets, excluding Pension Fund

Asset Allocation

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The following is a Graph View in Present Value:

Assets and Liabilities

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Income and Expenses

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Statistics, Investment Profile and Asset Allocation

Note on Asset Allocation and Investment Profile:

Due to the training nature of this exercise, the Asset Allocation and Investment Profile are displaying an Aggressive Profile for the last 15 years.. The Investment Profile is a word description of allocation of Cash Type to Investments, excluding Retirement Accounts. Retirement Accounts are excluded because access is limited until the Retirement Phase. For some funds there may be restrictions on the amount which can be withdrawn in any year.

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The Asset Allocation could be changed by selling some of the Share Portfolio or selling the Investment Property. For example, if 50% of the Share Portfolio was sold in Year 26, the Investment Profile for the last 5 years before the retirement age of 65, would be High Growth.

Personal (Advanced) Budget

The entry of Personal Budget Expenses is OPTIONAL. For now,

you may ignore these entries. The other option is to make one entry under, Other, for the appropriate Category. Later you can come back and change the entries. The Sample Plan has allocated $10,000 to the first three categories.

Another quick option when getting started is to estimate your Yearly

Personal Expenses and enter it as one amount in the first entry for

Commitments. (Please note the calculations may take a little longer to process than usual for budget expenses)

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All entries in the Personal Budget are displayed in Present Value.

That is Today’s Dollar Value. The first input will autofill across all years. However you can go to any year and change the amount which will then autofill to the right. To cancel the entry, you need to go back to Year 1 and make a new entry. This will then remove any changes. As you enter the figures for your Personal Expenses, the graph will change the amount of Unallocated Funds. The Easy Budget calls this

what is ‘left over for a Rainy Day’.

While creating a detailed Personal Budget may be a time consuming exercise, it is recommended that once you are familiar with the program you should create a plan which has your salary, existing Assets and Loans and a Personal Budget. This plan should be used as a Master File which can be copied when you want to make a New Plan. For this reason, the time taken to create your Master File is worthwhile. For the purpose of this example, $10,000 has be allocated to each of the first three categories of Personal Expenses.

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View Graph

The distance between the top of each column and blue shaded area, is that part of your income which has not been allocated. If the column extends above the income line, you do not have sufficient funds to pay for your expenses.

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View Data

Reports

Once the plan is completed, you can create a number of Extract Reports which can be saved as PDF Files. These are listed under the

TAB Reports And include the following:

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Modelling Tools Overview (Modulators and Historical Data)

Once the plan has been created, the program allows you to consider the effect of the Modelling Tools on the total plan. That is the Report shows the Before and After for the following:

1. Net Value of Investments 2. Net Value of Home 3. Net Value of Retirement Accounts 4. Investment Income 5. Investment Returns 6. Loan Payments and Debt Servicing Ratio

Modelling Tools Overview (Economic Cycles)

The program has created four 10-Year Economic Cycles which are applied to the Financial Plan to demonstrate a range of outcomes should another set of returns were to eventuate. This Extract shows the results for Investments only of the original plan and each of the four Economic Cycles over a 10-year period.

Note: This report only displays the information for the first 10 years.

The other Modelling Tools Overview display the results for the length of the plan. Future investment performance can vary from past performance and you should not base your decision to invest on the calculations of this product without seeking professional advice on the suitability of investment strategies and your personal financial circumstances. Premium Reports are an additional service for more detailed reporting.

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Wealth Guidance Report

The Wealth Guidance Report, is a complete and detailed report based on the entries of your plan. The creation of this report is the major purpose of the software.

It collates the information YOU have entered into the software and

present it in a readable, easy to understand format. In addition, there are Questions to Ask your Advisor. If you choose not to use an advisor, these are questions you should ask yourself?

Progress Report

For either the Savings or Retirement Phase of any plan the report will print a one page report detailing information over the time period, using the first and last year, with two intervening years. Added to this is a set of 8 graphs to give a snapshot of your total plan over the complete time period.

3 Year Strategy Report

This Report gives a detail analysis of transactions planned for the first three years of the Financial Plan.

Insurance Needs - Self Evaluation

This Report allows you to enter your current insurance. The program collates information on your income and expenses over the first three years. This aim is for you to assess if your insurance needs are adequate in the event of accident, sickness, permanent disability or death.

Debt Management Report

This Report is aimed at assisting people who need to get their debts under control before they can start a Wealth Creation plan. You also access Loan Summary before creating the PDF Report.

Financial Mappers Tutorial

Documents

Transcript of Financial Mappers Tutorial