In the Client Dashboard, the Assets page is used to record and update a client’s assets.
Below is the hypothetical client we will use as an example.
Client Information:
- John Doe, age 58; birth date: 01/01/1968; retirement age: 67
- Jane Doe, age 54; birth date: 01/01/1972; retirement age: 67
Incomes:
- John Doe — Wages: $125,000 growing at 2.8%; Social Security (SS) at 67: $32,626 COLA at 2.8%; Pension at 67: $48,000 COLA at 2.0%
- Jane Doe — Wages: $250,000 growing at 2.8%; Social Security (SS) at 67: $36,000 COLA at 2.8%
Assets:
- Taxable Joint Brokerage Account (BA): $2,000,000; Moderate, 3% net growth per year
- Tax-Deferred Individual IRA (John): $450,000; Conservative, 2% net growth per year
- Tax-Free Roth (Jane): $750,000; Conservative, 2% net growth per year
- Residential home: $750,000 in value, fully owned
- RV: $175,000 in value, fully owned
To learn more see articles:
Step 1: Edit: Click on the green Edit button underneath the Assets subheading. 
Step 2: Add Monetary Asset: Click on the green Add Monetary Asset button underneath the Assets subheading. 
Step 3: Title: Enter a title for the asset. 
Step 4: Owner: Click on the drop-down caret arrow and select the owner of the monetary asset account. 
Step 5: Tax Qualification: Click on the drop-down caret arrow and select the tax qualification of the monetary asset account. (NQ) 
Step 6: Sel: Click on the green Sel button next to the Allocation text box and select the asset allocation for the asset from the drop-down menu. 
Step 7: Return: Enter the hypothetical return. SIPS automatically recognizes this as a percentage amount. For example, 2.8% will be entered as 2.8 not 0.028. 
Step 8: Balance: Enter the asset balance within the textbox. 
Step 9: Add Property: Click on the green Add Property button underneath the Assets subheading. 
Step 10: Property List (home, rentals, land)-Description: Enter the physical asset description. 
Step 11: Value: Enter the value for the physical asset. 
Step 12: Amount Owed: Enter the amounts owed on the physical assets if there is still a balance on them. 
Step 13: Add Other Asset: Click on the green Add Other Asset button underneath the Assets subheading. 
Step 14: Other Assets & Liabilities (boats, RV, collectibles) Description: Enter the asset. 
Step 15: Value: Enter the value of the asset. 
Step 16: Amount Owed: Enter the amount owed on the asset if there is a balance.
Step 17: Save: Click on the green Save button underneath the Assets subheading. 
Step 18: Create Planning Scenario: Click on the green Create Planning Scenario underneath the Assets subheading. 
If you feel you need more support or would like to set up demo time with one of our representatives, please contact us at: support@planscout.com.
