ExecPlan v5.0…..
Welcome to ExecPlan. This tutorial is a step-by-step guide of the
entered Demoplan that is included with ExecPlan. For those
operating ExecPlan in trial mode, you may generate reports,
graphics and schedules as long as you do not alter the client’s
name or income. This sample case will review retirement,
premature death and disability of both client and spouse. In
addition you will be able to review estate planning options,
education funding objectives, and income tax planning strategies.
Please use your Page Up and Page Down keys to move through
this presentation. This is a basic case and reviews the most
commonly used fields in ExecPlan. However this is just a fraction
of the potential modeling capabilities of this software. We will be
beginning to post at our website www.execplan.com a library of
specific functions that are not illustrated in this presentation.
Lets take a Look…The Welcome Screen
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Once you open ExecPlan, this
welcome screen will appear
This screen allows you to choose a
previously entered plan, enter a
new plan, choose funding utilities,
or edit the system setup folder.
The funding utilities are ”shortcut”
programs included in ExecPlan.
They are designed to perform
simple quick calculations,
when generating an entire plan is not necessary. These programs are basic an
easy to understand, and therefore will not be reviewed in this tutorial.
At this time please click the system setup.
System Setup
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Please click the Word
Processing tab.
Here is where you tell us
what type of word processor
you have. ExecPlan will
automatically determines its
path.
ExecPlan provides four
types of text reports, for this
illustration click this tab and
choose Summary.
Click OK.
Starting a Plan
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Please choose the existing
plan tab and choose
Demoplan. In trial version,
ExecPlan will automatically
open up Demoplan
Cases
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ExecPlan Provides the option of 1
or 2 cases. The purpose is to
provide the planner the ability to
have an alternate view of events,
i.e. current vs. recommendations.
When first working with
ExecPlan, you may want to
choose just 1 case when starting
the plan. You can always added
another case later
These two cases will display for
both data entry and reports
When entering data ExecPlan will
enter the “same” data into both
cases. You may change how data
is entered or viewed, by clicking
on either of these two boxes
Scenarios
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When initially entering data
you should enter the
information about the client, as
if they will never die, disable
or retire. For example, when
entering a client’s income just
enter it in and let it grow
forever, do not cut it off at their
retirement age.
Data entered into the
“Common” scenario will be
shared with the scenarios for
death, disability and
retirement.
Please click on the box labeled
scenario.
Scenarios.
 After you have entered all of the data for your client,
you then can choose to view the impact of a specific
event on your client’s life.
 When you choose one of these scenarios, ExecPlan
will take your common data and manipulate that data
for that event. For example, if you choose Client
Dies, ExecPlan will automatically cease income to the
client, pay out any life insurance, change tax filing
status, pay any social security benefits, etc. Then
when you view reports, or graphs, they will reflect the
impact of a premature death. The Financial
Independence report will summarized the client’s
overall position, and the need, if any for life insurance.
 Should you edit data in a scenario, that change will only effect that scenario. For
example, in the Spouse Dies scenario, you would like to include a child care
expense. By adding this expense in this scenario, that expense will ONLY show for
the spouse's death scenario. Please leave as Common and click OK
Lets Begin Data Entry
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By either clicking on
the pencil or desired
field, you will be able
to move from the main
folders to the subsets
folders to the data
entry screen
Then enter the
appropriate data, then
click OK
Tax & Technical Information
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Please click on Tax and
Technical Information
until the Data entry
screen for Tax &
Technical Information
appears
Data Entry Screen
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This Note Box allows you to write
memos to yourself reflecting this
specific entry. These notes will not
appear in any reports
When entering data, you need not
fill in all fields, just those that are
appropriate. Highlight the field you
desire, then type in data into data
entry box. You may also choose
the pull down tab to select possible
entries. Hit enter and the value will
be placed in that field and all future
years
Once an entry has green made, a
green check mark is made to show
data has been entered for this field
Deleting Data
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By clicking the delete button, a
screen will appear and present you
with three choices.
The first choice deletes a value in a
single field, for example the enter
value in year 2005
The second choice will delete
everything in either the initial
column of entries or the revised
column.
The third choice eliminate all entrees
made in the set you are in for either
the initial case or revised case
The fourth choice eliminates all data
for both cases
Dependents
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ExecPlan makes few assumptions.
This allows the end user the flexibility
to form their own assumptions. A
prime example of this is the number of
exemptions. In ExecPlan, you will
need to “kick” the kids out. ExecPlan
does not assume children will be
dependents until 18, 21 or 38. By not
making assumption, you will be able
to account for a lifetime dependent
child, or a parent that may move in
with your client.
In this case, you will note that we start
with 4, then 3 then 2. This reflects the
client, spouse and two children, then
in 2012 one child moves out, then the
second moves out in 2014
Inflation
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This field is used to set the inflation for
tax related items. i.e. tax tables,
retirement plan contribution limitations,
personal exceptions, etc. This field is
not used to inflate personal expenses,
income or rates of returns.
The “Rate Since 2001” field does not
need to be filled in if you are up to date
on support
For this sample plan we have entered 3
for all years.
IMPORTANT; Using a higher inflation
value, makes life easier for your client,
not harder. A higher rate will reduce
future tax burdens and allow for larger
deferred retirement plan contributions.
State Income Tax
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Pull the drop down tab, and
choose your state. If your
state tax code is not there, or
should you have a local tax,
use the “State Tax Formula”
or Local Tax Formula”
fields. Use the F1 help
fields to explain how to use,
if you are unsure, please call
technical support.
For this case we will choose
New Jersey Resident.
Long Range Planning Information
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Here is where we enter information
that makes the Scenarios work. This
information defines when a client
retires, disables or dies prematurely.
Should you fail to enter values for
these fields, ExecPlan will
automatically default values for you.
Those defaults are as follows.
Retirement age 65, Life expectancy
from actuary tables, premature death
and disability next year. You can not
disable or “knock off” the client or
spouse before the first of next year
If you fail to enter data for this or in
any required field, ExecPlan will flash
up a warning and inform you of the
value ExecPlan will use. Click OK
Social Security Information
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Open up Social Security information.
This set is used to help ExecPlan
calculate benefits for retirement,
disability, or premature death. You
may override this calculations, by
entering “0” in all fields.
Do not fill in the PIA override
The % Wage Base is defined as what
percentage of the social security wage
base has your client averaged as
income since they began work.
Example, the current wage base is
$84,000, if you client is making
42,000, then they are at 50%
Enter your expected increase in
benefits
Children’s Information
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Use this field to enter
the children’s names
and ages.
For this sample we
have entered two
children born in 1990
and 1992
If you have not done
so at this time, please
click on the “-” to
close folders and
eliminate some of the
screen clutter.
Assets
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Lets begin entering assets.
Idle Cash on Hand can be
cash on hand or represent a
non interest checking
account. For this sample we
have entered 1000
Next open up the Time
deposit folder then open the
Savings/NOW account
folder
Time Deposits
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The title of all entries may be
edited to reflect how you want
this entry to appear in your
reports
Next, enter a value and a rate of
return, for this plan it was 5000
and 2
You may enter cash deposits as
an investment objective, or later
we will show how to invest into
an asset ONLY if there is excess
cash flow available to invest.
You may enter withdraws to
meet specific expenses, or use a
Sale Order to liquidated as
needed. We will explain this
function in the next slide.
Characteristics
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All Assets have this set, however
all the fields in this set do not
necessary apply to all assets. You
only have to enter those that apply
For each field you are entering,
there is specific information about
what is entered in this field at the
bottom of your screen.
There is more detailed help by
pressing the F9 key on your
keyboard or by clicking on the F9
button.
For general help on the set you
are in, press your F1 key
Ownership Code
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This field is used to identify
who owns this asset. This is
applicable to all assets.
Leaving it blank will result in
ExecPlan using the default,
which is client owned. You
may change system defaults
under the Tax & Technical then
the Masc. Planning Info folder.
IMPORTANT: The Trust
Client and Trust Spouse options
are for irrevocable trusts.
Cash Code & % To Spouse
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Cash Code is used to declare how to
treat interest or dividends; should
they go to cash flow or be reinvested.
The Growth Only is to model a tax
free re-investment cash account.
The Cash Code is also used for
Amortized Loans and Stock Options.
% To Spouse; ExecPlan will
automatically distribute the asset
based on the type of will you choose.
Thus you do not need fill in the % To
Spouses field. However, if you
choose a Present As Entered will,
you may then use this field to
allocate what percentage or dollar
amount (as a negative number) will
pass on to the surviving spouse.
Sale Order
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This field allows you to choose the order in which assets are liquidated
to meet annual cash shortfalls, should there be any.
The software will liquidate from the lowest to highest number.
A negative number will prevent the asset from liquidating
If two or more assets have the same number, ExecPlan will liquidate
the first asset that was entered.
ExecPlan will liquidate enough of an asset to cover the shortfall and
any tax consequences that liquidation would cause, i.e. capital gains
from a stock sale.
Sale orders will not work for non liquid assets such as a home,
personal property, business interests, stock options, life insurance, etc.
For the Sale Order function to work, YOU MUST have a value entered
in the Cash Management folder’s Average Idle Cash field, otherwise
annual shortfalls will “pile up” in the beginning year average idle cash
Asset Type, Risk Factor & %
Nonresident
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You do not need to fill in
the Asset Type and Risk
Factor fields, ExecPlan
will automatically fill
these fields in based on
the type of asset this is.
The % Nonresident
field is used to declare
how much of this asset’s
income is not subject to
your state income tax.
This field is rarely used.
Miscellaneous #
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This field has multiple purposes, depending on the asset.
For IRAs and Company Retirement plans, it is used to identify type i.e.
401k, Roth, Simple Matching, 457, etc.
For Other Retirement Plans, it is used to define the plan as a 529
For business interests, and stock options, it is used to define how much
of the asset passes onto the spouse upon death
For Disability Insurance policies, it is used to integrate benefits by
Social Security.
And for Children’s Education Expense, it is used to calculate state
specific tuition deduction credit.
Investment Type, Disposition
Year and Group #
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These fields are used when the
asset may be subject to investment
loss limitation or passive activity
rules. For most assets you do not
need to fill in these field.
However, you may need to
override ExecPlan’s defaults when
dealing with certain assets such as
S Corps, Limited Partnerships, Tax
Credit programs, rental properties,
Sole proprietors, etc. depending
on your client’s specific interest in
the asset.
Please click OK to return to the
main data entry screen.
Bonds
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This sample has a
Corporate Bond entered,
however all bonds are
entered in the same
manner. Just enter the
value and rate of return.
Also enter all applicable
characteristics.
Important to note; for
municipal bonds, you may
need to enter a
miscellaneous number
under characteristics. See
F9 for details.
Click OK.
Stocks and Mutual Funds
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You will notice 3 entries
under Mutual Funds. You
will also note one is a stock.
You may enter a stock under
mutual funds, and just change
the name. It has no effect on
any computations, however
when first using the product,
you may find it easier to keep
your equities organized under
one roof.
You will also notice a red X
next to one of the assets.
This asset was created from
another location and cannot
be altered here, we will
explain this later on.
Stocks & Mutual Funds
Continued
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You can enter the actual number of
shares and price per share, or simply
enter 1 share and the total value of
all the shares as the share value.
However if you choose to do that,
make sure your cost basis is
properly entered.
Next enter your growth rate.
You then can enter shares purchased
or shares sold. By entering the
number as a negative amount in
either field, will result in the
purchase or sale of the asset in
dollar amounts rather than by
number of shares.
Stocks & Mutual Funds
Continued
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For how dividends are paid out,
you must enter a CashEntry
Code. This field defines if the
dividend is paid as dollars per
share, total amount, or as a
percentage. It also defines if it
is distributed or reinvested.
This task can be repeated for as
many fields as applicable. For
example most mutual funds have
undistributed capital gains, some
have tax free dividends, etc..
Import Export Buttons
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ExecPlan has added the ability to
export commonly used data, so as to
import it at a later time. This can be
helpful in reducing data entry time.
For example, you clients are
generally invested into a specific
family of funds with a dozen choices.
After the first time you have entered
the information on a stock or fund
you can then export it. Then the next
time you need that asset’s values, just
click import and choose which stock
or fund you need. The information
will be brought in, and all you have
to do, is enter the updated value
How to use the import/export
functions
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Once data has been entered, choose
export, then this screen will appear.
All fields containing data will
automatically be placed in the Sets
Selected field for export.
You may remove which subsets you
choose not to export by highlighting
and deleting
Next click export. A ?Save as”
screen will appear with the title of
the entry as the default title. You
can change the name or just click
OK
Notice that you will see several
previously exported entries. These
are samples you may use.
Importing Data
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Click on the import button and a “Open” menu will
appear. Note only data that was exported for this
set will appear. For example, a stock that you had
exported, would not appear as a choice when
importing from Set 26 Savings/NOW accounts.
Note, ExecPlan has pre-saved some samples
for each set.
Once you click open, this screen will appear.
ExecPlan will automatically list and import all
sets that were previously exported.
However, you may remove sets by highlighting
a set, and then clicking the delete button.
Tax Favored Investments
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A commonly held sample of a
Tax Favored Investment would
be a rental property
Enter you value, in this case
440000 and then press enter.
You will notice that the 440000
value continues throughout all
the years. By typing %5 in the
following field, the value will
be inflated in all corresponding
years by 5%. This is how you
will grow your client’s income,
expenses and some assets. You
may also use the < or > signs
to grow or reduce a value by a
fixed amount over time.
Tax Favored Investments
Continued
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Enter loans if applicable
Enter cash contributions that
have no tax impact
Enter total cash received (rent)
in cash distributions
Enter Total Reported income received
Enter depreciation information
Enter cash expenses that have no
operational cash flow impact, I.e. car
mileage
Enter cash expenses
Enter characteristics info on
Investment type regarding passive
activity and investment loss limitation
rules
Personal Assets
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Enter the home value, then
enter a growth
Enter Mortgage
information. Note, enter the
original date, term in years
or months not both, interest
rate, and amount. ExecPlan
will automatically amortize
the loan, and determine the
interest portion that is
deductible.
Enter the real estate taxes.
ExecPlan will again
automatically determine that
this is deductible.
Other Personal Assets
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Enter as many
personal assets as you
choose, or just lump
sum them together.
For this demo we have
enter several examples
IRAs
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First Title the name of your IRA.
Next enter the value.
Next enter appreciation.
Enter % Income Contribution. This field
tells the system what % of the income
limitation do you want to use, this is
almost always 100%.
Enter the maximum contribution you
client would like to make. You can enter
$100,000 if you want, however the above
field tells ExecPlan to give 100% of the
maximum allowable amount. That
means only $3000 or $3500 will be
contributed for 2003.
Enter years to begin and end contribution
Enter First withdrawal year, code and
value. These fields will be explained in
the next slide.
IRA, Keogh & Company Plan
Methods of Withdraws
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ExecPlan provides several methods for withdraws from IRAs, Keoghs and
Company Retirement Plans. Note withdraw codes 4 & 5 are only available to IRAs.
You can only use a sale order number on an IRA. If you need to liquidate a
company plan as needed, roll it into an IRA. For all withdraw methods you must
enter a first withdraw year if you plan to withdrawal from that plan.
Withdrawal Code 1: Distributes a fixed dollar amount, that amount is entered in the
Withdrawal Value field
Withdrawal Code 2: Distributes a fix amount over a fixed number of years, enter
the number of years you wish to deplete this IRA over in the Withdrawal Value field
Withdrawal Code 3: User defined RMD. Enter a number of years left for your
client’s life expectancy in the withdrawal value field. This code is used most often
for a 72T distribution. Typical RMD distributions use codes 7 or 8
IRA, Keogh & Company Plan
Methods of Withdraws Continued
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Withdrawal Codes 4 & 5: Use these codes to withdraw as needed before all other
liquid assets or after all other liquid assets. Note, the use of this code will not
account for RMD, so its best use is with Roth IRAs
Withdrawal Code 6: This makes the balance of the asset disappeared
Withdrawal Code 7: This performs the RMD. You must enter the first year your
client plans to take distributions. You may also enter a Sale Order number for IRAs.
This will then liquidate as needed or the RMD, which ever is greater
Withdrawal code 8: The same as 7, however you can distribute a fixed dollar
amount until RMD by entering the dollar amount in the Withdrawal Value and the
year you want this fixed amount to begin in the first withdrawal year field.
Withdrawal codes 9, 10 & 11: Rarely used, see help for more info.
IRA Characteristics
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IMPORTANT: Always enter the
ownership for any qualified plan.
You may enter a Sale Order for an IRA.
The Miscellaneous # is very important
for all qualified plans. This helps
define the limitation to the plan. Press
F9 for more intimation on this option.
Values 10 – 19 are the same as 0 – 9,
except these entries allow for the
“Catch-up” contribution if your client is
over age 50. For Example a 6 is a Roth
IRA. a 16 (as is in this sample) is a
Roth IRA with the Catch-up
contribution. ExecPlan will then allow
for the additional contribution if and
when the client is at least 50 years old.
Company Retirement Plans
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First enter the name, if you choose.
Enter the value and rate of return.
Enter % Company Contribution as %
of client’s income.
Enter % Taxable, usually 0.
Enter % Individual Contribution as a
% of their income. Note IRS rules
limit contributions to a % of one’s
income or $210,000 whichever is less.
If your client is contributing the max,
just enter 15%, ExecPlan will
automatically limit the annual
contributions.
Enter % Deductible, usually 100.
Enter years to contribute.
Enter Withdrawal Year, Code & Value. Not necessary if you plan to rollover.
Company Retirement Plan
Characteristics
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IMPRTANT: Always enter the
ownership for any qualified plan.
You may not enter a sale order for a
company retirement plan. If you need
to liquidate as needed, you will need
to rollover the plan to another IRA
(see next page).
Enter The Miscellaneous #. Values 10
– 19 are the same as 0 – 9, except
these entries allow for the “Catch-up”
contribution if your client is over age
50. For example a 3 is a 401k, a 13,
(as is in this sample) is a 401k with the
Catch-up contribution. ExecPlan will
then allow for the additional
contribution if and when the client is
at least 50 years old.
Qualified Plan Rollovers,
Including Roth Conversions
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To roll one plan to another, enter a
Date, a Plan Link, and a % To Other
Plan (a negative entry will roll a dollar
amount).
Every entry in ExecPlan has a DSI
number. This number is the value to
be used for the Plan Link field.
In this sample we are rolling over
100% of this account into the IRA with
the DSI# 19 on 12/30/2025.
If the Other Plan Link field is left
empty, ExecPlan will then create an
IRA called IRA Rollover in the IRA
Set.
If the IRA that is rolled into, is a Roth,
then a Roth IRA conversion will occur.
Other Retirement Plans,
Including 529 Plans
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This set allows the user to have
unlimited flexibility for
contributions and distributions.
ExecPlan does not do IRS
limitations for Other Retirement
Plans, nor will it liquidate as needed
(using sale orders) so you may need
to rollover to another IRA.
You may use this set to fund 529
Plans. To do so, you need to enter
the value, rate of return, amount to
fund in the Employee Contributories
field, the college expense (this will
automatically withdraw from this
account to fund this expense) and
under characteristics enter a 2 for
miscellaneous#.
Stock Options – NQs & ISOs
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Our Sample is of an ISO Stock
Option, however ISOs, NQ &
SARs are all entered the same,
they just have different tax
consequences.
Begin by entering the number of
shares and the exercise cost,
month and year.
Then enter the anticipated value
at exercise, the growth rate after
exercise, dividend information,
and the month and year of sale.
You may override the calculated
value of the sale by entering in
the sales proceed field
Stock Options – NQs & ISOs
Characteristics
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Important, do not forget to enter
who owns the option.
If you want to show the spread
enter a 2 for the cash code. The
spread is the difference between the
exercise price and the current
market value. You must also enter
the year they vested and the value
at that time, for the spread to begin
showing on the balance sheet.
Use the Miscellaneous # field to
indicate what % of the asset will
survive to heirs for estate tax
purposes.
Liabilities
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If you are following along with
the sample plan, you will see
under liabilities that the
Residence mortgage has a red X.
This indicates that this entry was
not originally created in this
folder. If you open this entry, all
sets will be highlighted in Red.
At the top of this set, there will
be information from where this
set was originally created. You
can only change the title at this
point. If you want to change any
other information, you must
return to the set where this
information was original
created. Press your F7 key to
get a “shortcut” window
Liabilities Continued
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You may add as many liabilities
as you choose by opening the
appropriate set and entering the
related data. If data Is already in
that set, or if the set is ref, just
click the New tab.
Life Insurance
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When entering life policies,
just enter the face value, cash
value (remember to grow it if
applicable), the premium (if
applicable) and the
characteristics.
With the Characteristics, enter
owner (ILIT is an option), the
insured and the beneficiary.
Enter ONLY one beneficiary
unless the benefit is to be split
between two people.
Also, if this is a term policy,
remember to end the face
value and premium at the
point it which the policy ends.
Disability Insurance
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Enter Benefit and any COLA
Enter premium (if
applicable). If there is no
premium ExecPlan will
assume it is a company
policy, and the benefits will
be taxable.
For characteristics enter the
ownership.
ExecPlan will assume the
benefit is reduced by Social
Security. If the policy is
independent of any Social
Security payments enter a 1
in the miscellaneous # field
Long Term Care
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For Long Term Care enter a 1 in
LTC Code.
Enter the benefit in today’s
dollar in 2003 and then inflate it
Enter the premium.
Enter the expense in today’s
dollar in 2003 and then inflate
it.
In characteristics, enter the
ownership and the age to begin
the expense. At that point in all
scenarios but common, the
expense will begin, the benefit
will be paid out and the
premium will cease.
Taxable Income and Deductions
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Begin entering you client’s
income (sets ending with “Cl”).
Note business income will be
subject to self-employment tax.
All fields ending with “Sp” are
the spouse’s income.
All sets ending with ‘(NonCash) are sources of income that
have no cash benefit, but do
have a tax liability. An example
may be a company car, there is
not cash received, however the
client has to pay taxes on the
benefit of the use of the car.
OASDI are Social Security
exempt wages.
Interest And Dividends
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You do not need to fill in these
sets, ExecPlan has already
calculated the interest and
dividends from your assets, and
will enter them in the
appropriate sets automatically.
Not some sets end with a “C”
and some with an “N”. The C
designates this set as an interest
or dividend that is being paid out
as cash to your client’s annual
cash flow. The N is a non-cash
flow set, meaning the interest or
dividend is reinvested and
provides no cash flow, but only a
tax liability.
Other Taxable Income


Use this set for income not
subject to Medicare and
Social Security taxes.
You may choose to
override our computations
for social security by
entering the value in this
set. If you choose to do so,
make sure you return to
social security information
in the tax and technical
folder, and enter 0 in ALL
fields.
Capital Gains and Loses &
AGI Adjustments


As with interest and
dividends, you generally do
not need to fill in these sets,
ExecPlan will automatically
calculate these values for
you.
Use the AGI Deduction
folder for alimony and use
the Other AJI Deductions
field for cafeteria plans.
Itemized Deductions

ExecPlan automatically
determines if any
previously entered items
are tax deductible. Those
values are then entered in
this folder in the
appropriate field. You will
notice the red X in those
fields. As noted before you
may only change the name
here, as has been done in
this sample for mortgage
interest and real estate
taxes.
Other Cash Flow
Untaxed Cash Inflows



The Untaxed Cash Inflow
folder includes all sources of
cash received by the client
that is not subject to income
taxes.
You may notice that at this
point there are 7 entries, all
with red Xs. They were all
created from other sets to
provide cash streams for
possible future cash
shortfalls. You need not
worry about these entries.
If your client has tax free
income, enter it in one of
these sets.
Other Cash Flow
Untaxed Cash Outflows

The Untaxed Cash Outflow
folder includes all sources of
cash expenses by the client.
Just enter your expenses. If
your client has an expense
that is not listed, just open
Other Living Expense and retitle it.
Cash Management – Average
Idle Cash


The function of Cash
Management is to instruct
ExecPlan on how to handle
excess cash flow each year.
There are four parts to Cash
Management.
The first part is Average Idle
cash. This entry instructs
ExecPlan to fund Cash on Hand
with this amount each year.
Should the client fall below this
balance, ExecPlan begins selling
assets. Should you exceed this
point, then ExecPlan will begin
investing the excess cash. For
this plan we called Average Idle
Cash “Checking”






Cash Management – Overall
Investment
The second part of Cash Management
is the Overall Investment field, which
defines how excess cash is directed.
First, choose your Asset or expense
type, by clicking on the drop down
menu or by pressing your F9 key.
If you choose an expense, you can skip
to Max To Invest.
Enter your Annual Growth, this includes
any interest or capital gains that are
reinvested i.e. this is the total rate of
return.
Income type; click on the pull down tab
or press F9 to see your choices. This
set MUST be entered.
Enter any dividend or capital gains this
asset may generate.
Cash Management – Overall
Investment Continued




Next, enter the amount of excess cash
flow to be directed to this asset or
expense, up to 100%. You may add as
many overall expense as you choose, i.e.
60% to bonds 15% to mutual funds 25%
spent on discretionary expenses.
The third part of Cash Management is
the Specific Investment field, which
work the same way as the Overall
Investment field, except the Max to
Invest field uses specific dollar amounts
instead of %.
The fourth part of Cash Management is
Debt Liquidation. This field creates a
line of credit to be established (personal,
mortgage or investment). When there is a shortfall the system will borrow instead
of sell assets to meet the shortfall in whichever years you choose.
Tax Adjustments




You will rarely use this folder,
except for the Estate Adjustments
or when working with more
complex tax planning strategies.
The most common use of this
folder is for Estate Deductions in
the Estate Adjustments folder.
You may enter an expense as a %
of the estate value or s a fixed
dollar by using the “-” as in this
example.
There are four possible orders of
death for estate tax computational
purposes. C1 – Client 1st/spouse
2nd S2 – Spouse 2nd/client 1st/
S1 Spouse 1st/client 2nd and
C2 Client 2nd/spouse 1st.
Now That Data Entry Is Done




We have completed our review of
entering data. Lets take a look at
the tabs at the top of your screen.
Most of the choices under File are
self explanatory except for the
eOrganizer and the Play a Script
options.
ExecPlan will soon be releasing an
electronic organizer. This feature
will allow your client or Paraplanner the ability to enter data
into an easy to use data gathering
program that does not require an
additional copy of ExecPlan. The
file can then be saved and
imported into ExecPlan for editing.
Play a Script, lets the end user run a script that will compose a predetermined
series of reports, graphs and schedules.
Reports


View takes you to see all
the reports, the Text will
run the text report, the
graphs will allow you to
see a specific graph and
the snapshot will run the
selected snapshot report
Before running the text or
snapshot reports, make
sure you have setup your
word processor as
explained earlier in this
presentation.
Batch Printing


When choosing this option while
viewing your reports, you may
choose a select number and order
of reports to be printed. Once you
have chosen the reports you want,
then just click Print.
You then can choose to save the
layout and then “Open” it at a
future time for this plan or any
other plan. If you choose “Save”,
a “Save” screen will appear for
you to give this format a specific
name. You may save as many
different layouts as you would like.
How Batch Printing Works





First choose which case or
cases you want.
Next click on the + signs to get
to a specific report in a tree.
Then highlight and click the
>> key to move over to the
Reports Selected box.
Repeat this task to add more
reports.
Use these keys to adjust the
order reports are printed.
Custom Reports



This function is used to create your
own custom reports. Once a report
is created in the manner you choose,
from the 500+ choices of
computations that ExecPlan
executes, you may then choose to
Save or Open.
If you choose Open, you may then
print the report or save as an MS
Excel file for further modification.
If you choose Save, the layout will
be saved and can be recalled at a
future date in this plan or any other
plan.
How to use Custom Reports






First choose which case or
cases you want.
Next click on the + signs to
get to a specific computation
in a tree.
Then highlight and click the
>> key to move the item over.
Repeat this task to add more
computations or markers to
desired report.
Use these keys to adjust the
order reports are printed.
Then click Create.
Completing a Custom Report
 The report is then
created. You can
then choose file
then print, to see
your report. You
may also choose
to save as and
Excel file, that
you can open in
MS Excel and
edit.
Graphic Options

ExecPlan has
enhance its
graphics
capabilities by
providing more
customization
and flexibility.
By choosing
Graphics
Options, this
screen will
display.
Choosing Your Graphs



ExecPlan has selected the graphs used for your text and Snapshot reports from a
series of 45+ graphs.
You can easily change which
reports are displayed and used in
each report by clicking on the
“G” button. Once you click this
button, a screen will display the
available graphs to choose from.
Since these graphs are used in
specific sections of the text
report, changing the Net worth
graph to Personal expenses, may
make your text report incoherent.
For this reason we have added 3
“Other” graphs that you can use
to pick for custom graphs.
Laying out your graphs


This screen also
allows you to
choose how each
graph will appear.
You may change
its type,2D/3D or
stacked/unstacked.
If you would like
to return to the
original settings,
click Use default.
Reports - Options

ExecPlan provides
three levels of detail
to choose from.
 The page setup tab’s
most used function is,
whether you want the
client’s age printed in
the columns of the
reports, click yes if
you want the age
displayed, no if you
do not.
Reports - Options


You may set different
years and wills for each
case from this selection.
The Years tab will allow
you to select specific
years to be printed in your
reports. For example by
deleting selected years
you may show the first 10
years and then every 5
years after that.
Options



Should you need to rollover
the plan to the next year,
choose Alter Plan Structure
and enter the new starting
year.
We have already review the
basics for System Setup.
At this time, lets proceed to
view reports. You may do
this by clicking the button to
the right of the pencil or
choosing Reports then View.
Viewing Reports




You will notice when viewing
reports, ExecPlan displays both
initial and revised case reports and
graphs at the same time.
By clicking on either heading, you
will expand the screen to display
only the selected case’s report.
Please click the Report View box,
which will allow you to choose
which case to always display.
The following screen appears,
for this presentation choose
initial case only. This will
then just show the initial case
all the time.
Viewing Reports Continued


As discussed earlier, when in
the Common Scenario, the
reports will reflect the client,
never dying, disabling or
retiring. If we want to see what
happens when the client retires,
we click on the Scenario box
and choose retirement, please
do so at this time.
Once this is done, all reports
will reflect what happens to the
client assuming they retire at
the time we have selected.
Viewing Reports Continued

Any report can be printed
out or saved as an MS
Excel file. If saved, you
may open it in MS Excel
so as to modify. To do
this, choose Reports, then
Save As, name the file and
save it.
Viewing Reports Continued

Most reports are self explanatory.
However we would like to review
one of the more commonly used
reports, the Financial
Independence report. This report
essentially summarizes whether
the client has sufficient funds
throughout the planning horizon.
If there is not, the report will say
what the shortfall is, how much
more the client will need to either,
save, earn, or reduce spending by
to eliminate this shortfall. In a
death or disability scenario, this
report will estimate how much
insurance is necessary to eliminate
any shortfalls. This value reflects
liquid capital only.
Viewing Graphs





You can print out any graph or
choose Save As to insert into a
Word document.
To do a “one time” edit of any
graph, just choose the desired
graph and right click your mouse.
This screen will appear. You then
may choose the wizard, which will
walk you through an array of
customizing options.
Choose Edit Chart Data which will
allow you to alter the number of
years, calculated values or items
that are graphed.
You may also choose any of these
options to edit specific functions
Editing Graphs




Double click on:
The numbers and or text
to alter the font
The colors to change
pattern or color
Remember any graph,
reflects the specific
scenario that you are in
Text and SnaSphot Reports

By choosing the Text Compilation or
Snapshot folders, you can execute a
text report. Once chosen, a series of
graphs will flash up, and you will be
asked if you would like to continue to
the word processor, choose yes. This
text report ranges from 18 to 40 pages
depending on specific information
about the client and the report type
selected under system setup, word
processor. The verbiage, numbers and
graphs that comprise these reports can
be permanently edited to reflect what
you want to say. These files are word
files found in your ExecPlan folder.
Remember, if you choose to edit them,
always save a backup of the work you
have done.
Playing a Script File



We have just completed a basic review on generating, editing and
saving graphs, schedules (Cash Flow Statements,Balance Sheets,
Estate Flow Charts, etc.) and text reports. You may now build onto a
text report from your retirement scenario by adding to your report
schedules, graphs or snapshots from other scenarios such as the client
dies scenario.
You may also run a script file. This will automatically build a report
with a series of supporting schedules inserted into your text report. In
addition, reports for your client and spouse’s death an disability will
also be included. To do this choose File, then Play a Script File, then
choose Profile W for MS Word users.
Note a script has many drawbacks. You can not control what years are
printed on the schedules, and what schedules are included.
Any More Questions?
We look forward to working with you in the
future. Your input is greatly appreciated, and
we hope you do not hesitate in expressing your
ideas on how to enhance ExecPlan. Many of
the changes and improvements that have been
added to version 5.0, were the result of
feedback from you, our valued clients.