Accounts

Instructions

You can add a range of external accounts to Retirement Planner, including brokerage, bank, real estate and other asset types. To add an account, follow the steps below.

  1. Click the plus (+) icon to the right of Accounts.

    Image of the PortfolioAnalyst retirement planner add accounts

  2. The Add External Account screen will populate. Select or search for your institution.

    Image of the PortfolioAnalyst retirement planner add external account screen

  3. Enter your login credentials for that account.

    Image of the PortfolioAnalyst add external account sign-in

  4. The account will populate in the Accounts section.

    Image of the PortfolioAnalyst retirement planner add accounts

  5. Select the pencil edit icon to add information.

    Image of the PorftolioAnalyst edit external account information panel.

  6. If you select Yes to Include in my Retirement Outlook, you will be prompted with additional questions.

    Brokerage Accounts -
    • Are distributions during retirement taxable? - We ask this to determine whether or not to deduct taxes from distribution during your retirement.

    • Contribution Type - We ask this to determine how you will be contributing to the account before retirement.

      • Amount - Annual Contribution Amount - The amount you will contribute annually.

      • Percent - Percent of Total Annual Compensation - The percentage of your compensation to be contributed.

    Bank Accounts
    • Are distributions during retirement taxable? - We ask this to determine whether or not to deduct taxes from distribution during your retirement.

    • Contribution Type - We ask this question to determine how you will be contributing to the account before retirement.

      • Amount- Annual Contribution Amount - The amount you will be contributing to the account annually.

      • Percent - Percent of Total Annual Compensation - The percentage of your compensation that will be contributed.

    • Interest Rate- We ask this to determine the interest your checking or savings account receives so we can project its growth throughout the plan.

    Real Estate and Other Asset Accounts
    • Expected Average Annual Appreciation- We ask this to determine the average annual appreciation or depreciation you can would expect to see for your Other Asset account.

    • How will you utilize this asset?

      • Sell the asset

        • Monthly expense adjustment as a result of the sale. We ask this to determine how your expenses will be impacted at the time of the sale.

      • Take a loan against the asset

        • Loan amount as a percent of the asset value. We ask this to determine how large a loan you would like to take against the asset.

        • Monthly expense adjustment as a result of the sale. We ask this to determine how your expenses will be impacted at the time of the sale.

    • Liquidate Last- You can designate only one of your Other Asset accounts to liquidate last. It will be utilized after all other accounts have been tapped.

  7. Press Save to save the External Account information.

 

Additional Resources