With Timeline, you can unlock the power of events in Retirement Maps. Now you can see how changing your client's Risk Number, income, or expenses over time will affect their overall risk capacity.
In this article
To begin, navigate to the client Retirement Map you'd like to adjust.
To populate the Retirement Map, confirm the details for your client's investment amount (as it is today), retirement year, monthly withdrawal (at retirement), and their birth year (available when you click on the "ASSUMPTIONS" arrow). Adding in your client's monthly savings amount is recommended, but it is fine if you leave this field blank.
Creating a New Event
To get started, click the Create Event button located in the bottom left-hand corner of a client's Retirement Map. You'll have the ability to add deposit, withdrawal, and what we call "Portfolio Risk Adjustment" events. (Portfolio Risk Adjustment Events allows you to measure the impact of adjusting to the overall investment approach over time). Deposit and Withdrawal events allow you to specify: amount (in dollars), event frequency (one-time or recurring), the event start date and the duration (either a number of years or "does not end"). See deposit and withdrawal event simulation below:
Deposit Event Creation Simulation:
Withdrawal Event Creation Simulation:
For Risk Number ® adjustments, select Portfolio Risk Adjustment, drag the Risk Number on the slider bar to set the desired Risk Number and specify a date to activate this event. See Portfolio Risk Adjustment simulation below:
Events will show up as an icon reflecting either deposit, withdrawal, or Portfolio Risk adjustments.
Editing an Event
To edit an event, click on the deposit, withdrawal, or Portfolio Risk Adjustment icon you would like edit and click the EDIT button to update any of the inputs based on your client's situation. See an editing simulation below:
Hiding an Event
If you'd like to play around with how a specific event impacts the overall outcome, you can also "hide" events so they no longer impact the Retirement Map calculations. To hide an event, click on the event icon on the X-Axis of the Retirement Map and click on the "eye" icon. You can also navigate back to this event and toggle the "eye" back "on" to add that event back into the analysis. See Hiding an event simulation below:
IMPORTANT NOTE: For more about the details of creating events and event properties, check out our Nitrogen Academy Lesson HERE.