FAQ: How Does the Tracking Section of the Platform Work?
How to Use the Tracking Section for Retirement Plans
Import Base Scenario:
The Tracking Section allows you to import and track multiple versions of your retirement plan.
The platform will always pull in your base scenario. You can identify it by selecting the Base Scenario button.
To track progress, you can import the most recent version of the plan.
Track Progress:
After importing the new version, you can compare it against previous plans.
You can track up to three versions side by side. This helps you compare the expected vs. actual progress of the plan.
Add Actual Account Balances:
You can enter actual account balances starting with values for January (beginning of the year) or even monthly balances for more granular tracking.
By inputting actual values, the platform will compare them with your projected values from the plan.
Visualize Progress:
The system will create an annual chart that shows your progress towards meeting the goals outlined in the plan.
If you want to see more detailed tracking, the platform allows you to track monthly progress by entering data on a monthly basis.
The visualizations will show you where you are falling behind or on track.
Review Multiple Plan Versions:
As you move forward, you can update your plan, and the platform will show the gap or alignment between your actual account balances and the projections from your updated plan.
