Education Dynamic Plan

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Summary Graph

The Education Overview chart calculates projected lump sum amount needed to fund education goal of the selected student as well as calculates an annual contribution amount into a 529 plan needed to cover all the education expenses. By looking at this graph, you can easily see how much money you would manage to save by the time the first student goes to school and how much money you would need to save to cover all the education expenses. The Stoplight on the left is a visual indicator of the projected savings Shortfall or a Surplus.

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You may select to "Display graph as" Annual Savings or based on Monthly Savings contributions by choosing the desired option from the drop down list above the chart. Chose the student for whom you wish to view the results by selecting the student name from the "Select Student to View" drop down list below the graph.

Education Assumptions

Select desired assumption to vary from the “Education Assumption” list. This will display corresponding group of assumptions to vary. You may drag the button along the slider bar to increase/decrease the selected value or type in the value directly into the input field and hit enter. The program will recalculate and display results in real-time.

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Savings Graph

The Education Savings graph shows projected balances in Education accounts taking into account all students and their education goals. Accounts are grouped into Taxable and Tax-Advantaged category (IRA & 529). The graph starts at the year when the first student goes to school and balances are expressed in future dollars.

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From the drop down above the chart you may choose to "Display the Graph for" All Students or choose to view results for the selected student. The name of the student to view can be selected from the drop down list below the graph (Select student to view).

Moving the mouse over any of the bars in bar chart will show the detailed breakdown of bar segments for the selected year in the legend section on the left.

The Stoplight on the left is visual indicator of the projected savings Shortfall or Surplus.

Education Assumptions

Select the desired assumption to vary from the “Education Assumption” list. This will display corresponding groups of assumptions to vary. You may drag the button along the slider bar to increase/decrease the selected value or type in the value directly into the input field and hit enter. The program will recalculate and display results in real-time.

Income Graph

Education Income Graph shows income available during school years as well as withdrawals from savings accounts required to cover education goals.

incomeeducationDP.png

Moving the mouse over any of the bars in bar chart will show the detailed breakdown of values for the selected year in the legend section on the left.

From the drop down above the chart you may choose to Display the Graph for All Students or choose to view results for the selected student. The name of the student to view can be selected from the drop down list below the graph (Select student to view).

Education Assumptions

Select desired assumption to vary from the “Education Assumption” list. This will display corresponding groups of assumptions to vary. You may drag the button along the slider bar to increase/decrease the selected value or type in the value directly into the input field and hit enter. The program will recalculate and display results in real-time.

Note that account contribution inputs and sliders are limited by the maximum contribution for the given account allowed by the IRS. For ease of use when modifying values that could have very large maximum, the sliders use a “smart maximum” feature where the maximum value of the slider is temporarily set to the current value * 2. When the temporary maximum is reached the “smart maximum” is reset to the next corresponding higher value.

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