Frequently Asked Questions
Need assistance with the Education module? RightCapital is here to help! Please use the common questions and answers below to assist you in generating financial plans. For additional assistance, use the link to our support team at the bottom of the article.
The Education module is based on comprehensive cash flow data from the Proposed Plan in the Retirement Analysis. If you're making changes to the 529 savings and not seeing an impact, it may be due to cash flow deficits that are occurring within the proposed plan.
They can! While this will not occur by default, you can choose to implement your education funding proposal within the Proposed plan in the Retirement Analysis by toggling on a specific strategy.
To apply an education proposal, visit the Retirement Analysis module and access the action items at the bottom of the screen. On the right side of the action items, isolate the 'Education Strategy' dropdown, and choose the 'Education Proposal' option. Once you click Refresh in the lower right, details from the Education module will flow into the Proposed plan:
Please note that for pre-college goals, annual 529 distributions will be capped at $10,000 per the SECURE Act.
You can! If there are multiple education goals entered for a single individual, each of those goals will be included in the analysis for that student. For example, a pre-college goal from age 14-17, followed by a college goal from age 18-21:
