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Data entry

Examples: Use the Result Finder

Example: Use the Result Finder (Solve Mode tab) with one input field

A client wants to know the maximum amount of Social Security can be earned before the benefits become taxable.
  1. On the Income / Retirement tab, right-click the
    Social security benefits recd
     field and choose Result Finder.
  2. If your plan has more than one alternative or year, the
    Result Finder - Column Selection
     window opens. Select the alternative and year that contain the input field you want to solve for and select
    OK
    .
  3. The Result Finder opens with
    Social security benefits recd
     already selected in the
    Input field
     dropdown list.
  4. From the
    Result field
     dropdown list, select the dropdown arrow or press F4 to view the list of fields to select from. In the
    Result Finder - Row Selection
     window, select the
    Taxable Social Security
     field in the Income / Retirement tab and select Close.
  5. Enter
    1
     in the
    Result field
     amount field.
  6. Select the
    Start
     button. The Result Finder will calculate the number of Social Security benefits that will cause one dollar of benefits to become taxable.
  7. Select the
    Close
     button to close the window, or select the
    Transfer
     button to transfer the amount to the
    Social security benefits recd
     field in your plan.

Example: Use the Result Finder (Solve Mode tab) with two input fields

Your client is planning on $100,000 in long-term gain but wants to know how much of it could be short-term gain without raising the tax liability.
  1. Enter
    100,000
     in the
    Long term investment gain/loss
     field in the Income / Cap G/L tab in your plan.
  2. Right-click in the
    Long term investment gain/loss
     field and choose Result Finder.
  3. If your plan has more than one alternative or year, the
    Result Finder - Column Selection
     window opens. Select the alternative and year that contain the input field you want to solve for and select
    OK
    .
  4. The Result Finder opens with Long-term investment gain/loss already selected in the
    Input field
     dropdown list and the amount (100,000) displayed next to the field name.
  5. Mark the
    Use companion field
     checkbox.
  6. From the
    Companion field
     dropdown list, select the dropdown arrow or press F4 to view the list of fields to select from. In the
    Result Finder - Row Selection
     window, select the
    Short term investment g/l
     field in the
    Income / Cap G/L
     tab and select
    OK
    .
  7. Select the
    Change in the opposite increment (multiply by -1)
     option. This means that as the Result Finder makes its calculations, the amount in the
    Long term investment gain/loss
     field will decrease while the amount in the
    Short term investment g/l
     field will increase.
  8. From the
    Result field
     dropdown list, select the dropdown arrow or press F4 to view the list of fields to select from. In the
    Result Finder - Row Selection
     window, select the
    Regular Tax
     field in the
    Main / Summary
     tab and select
    OK
    .
  9. The
    Result field
     amount field displays the regular tax amount currently in the plan. Increase this number by
    1
    .
  10. Select the
    Start
     button. The Result Finder calculates how much of the $100,000 could be short-term gain while increasing the regular tax by only $1.00.
  11. The new amounts for Long-term investment gain/loss and Short-term investment g/l are displayed next to the
    Input
     and
    Companion
     fields. Select the
    Close
     button to close the window, or select the
    Transfer
     button to transfer the amounts to your plan.

This article applies to:

  • PRODUCT: Planner CS