Need assistance with data entry? 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.
You can enter Rental Income and Business income in the client’s Net Worth by adding investment properties or other assets. This will allow for the most accurate tax treatment.
When the "goals based planning method" is selected, RightCapital will remove the "add income" input as it will not be used in future cash flow projections. To add additional income sources, change the Planning Method to "Cash Flow" or "Modified Cash Flow" in the Gear icon > Settings tab within the client plan.
The "Other Income" card will have a "taxes" dropdown menu that allows advisors to choose between a variety of options including tax free income.
To use taxable investment account income to fund cash flow needs in retirement, rather than it being saved and reinvested, simply check the "Distribute investment income from taxable account after retirement" box within the Client Plan > Gear Icon > Settings > Methodology tab.
For additional assistance within RightCapital please contact our Support team.
RightCapital is committed to enabling your success. Each week, we cover essential planning modules and product updates.
RightCapital in Action
Check out our YouTube channel where we highlight Advisor Success Stories and share more Tips & Tricks!