Using the Key Dates

inStream allows users to enter key dates such as retirement and life expectancy ages in the Profile section. With this feature, it will allow you to:

  • Adjust plans and various scenarios based on these dates
  • Achieve smoother comparison while using plan comparison tool or scenario matrix
  • Simultaneously update date ranges for goals, income, contributions, allocations, and taxes

To start, you can edit the key dates in the Network section. Go to the Family Member you'd like to adjust and click Edit. 

Once in edit mode, you can enter ages up to 110 for both retirement and life expectancy age. There has to always be an age saved whether you use the key dates in your planning or not. Click Save after you've made changes. 

For our example, we will show using the key dates in the goals section. Add a new goal and begin entering the annual amount and who the goal applies to. Next, the start and end year section. You have the option to use Manual Dates which allows the user to enter in whatever year or age you'd like. You also have the option to "Use Retirement Age" or "Use Life Expectancy" for the start and end years. Lastly, you can also adjust the key date by using the (+/-) text box. Enter in a factor to make the key date start earlier or later. 

Note: For the purposes of the cashflow report, inStream assumes a retirement/life expectancy date to occur January 1 of the applicable year. For example, for a retirement date/life expectancy of 2018, the cash flow table assumes a retirement date of Jan 1 2018 to correspond with the goals/cash flow distributions which are also assumed to occur at the beginning of the  year. 

Key dates can also be found in Scenario Matrix. You have the option to use the key dates as a variable to compare against another variable to see the sensitivity and the outcomes. 

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