You can enter any type of annuity product (excluding riders at this time) as an asset that will be used to help fund goals. We will automatically estimate taxes and can even include surrender charges if entered on the account input screen.
To begin, head over to the Accounts page of a client's Profile and click on "Add Account". You can either link an existing annuity account if we support the institution, or add a manual account:
When adding a manual account, you'll need to follow the prompts:
Once you've made these selections, you'll need to click on "Show Advanced" if you want to enter any further details on the account, such as the surrender schedule or year the client plans to annuitize the account.
Make sure to click on Save Changes when you're done!
Once the account has been created, you'll then be able to add an asset allocation for the account just by clicking on the pie chart to the right of the account name on the Accounts page.
Now that you've entered the account, you can also control the order of its distribution towards retirement by going to the Financial Plan > Recommendation section, clicking on the What Ifs button at the top right corner of the graph, and navigating to "Distributions". You'll see the first three or four accounts listed there in order of distribution hierarchy, but you can click on "More" to change this.
Another screen will pop up that allows you to remove accounts or change the order of the distribution hierarchy:
Once you have decided upon the order of distribution and have saved all changes, including the changes to the overall What Ifs section, you will then be able to see any proposed distributions and corresponding taxes in the Projected Assets and Projected Cash Flow reports: