5  5  53 59 7  67 25 93 6  10011                                                                                                                                                                                                                   H E L P  -  P A R E N T A L   F U N D I N G              Parental Funding Input gathers information about allocations which the     client has ALREADY set up to fund the education expense for this child.                                                                               The top of the screen displays the name of the individual the funding is   for.  The cursor will be positioned to enter a First Year amount.  There   are also entry fields for the change code and the change factor.                                                                                      Enter the ANNUAL amount the client intends to allocate, or is already      saving, in the field First Year and press <CR>.  The cursor will then go   to the field labeled Change Code.  The possible entries are:                                                                                                    A   - Actual amount - you will be keying in specific figures             <CR>  - No change                                                            I   - Incremental change - increasing the amounts.                         P   - Percentage change - increase by a percent.                 ^^                                                                         If you enter <A> the cursor will go to Year 2 for entry of an amount for   that year.  Then it will proceed through the years in order.  Enter the    amount to be allocated (saved) for each year.                                                                                                         If you enter <CR> the amount entered for Year 1 will be repeated for all   the years the student will be in school.                                                                                                              If you enter <I> the cursor will go to the factor field, where you must    enter an amount.  The program will increase the amount each year by an     incremented amount.  If you want the amount to decrease each year, enter   a minus sign <-> in front of the amount.  The minus sign must be the       first keystroke in the factor field.  If you go beyond the first space,    just go through the screen and re-enter.                                   ^^                                                                         If you enter <P>, the cursor will go to the factor field.  Enter the       percentage the amount allocated (saved) will be increased.  The program    will  change the amount throughout the projection period.  Use the minus   sign for a decreasing amount.  When you make the entry, the adjusted       values will be shown.                                                                                                                                 You may edit any number from the edit line.  The edit line will appear on  the bottom of the screen after completion of all questions.                                                                                           To zero out entries from a particular year forward follow these steps:                                                                                        Select the year to start zeroing out entries                               Enter P for the change code                                                Enter -100 for the factor                                          ^^                                                                         Education  Funding is assumed to be at year-end.  Therefore amounts input  in year 1 will not earn interest, or grow, during the first year.                                                                                     If an accumulation of parent funding was provided for prior to the plan    year (a beginning balance already exists) simply enter this sum in year    one, in addition to the current year's deposit.                                                                                                       The value of this balance should be as of the end of year 1, the plan      year, since interest is not calculated for the first year's deposit.       52.   ALL  AMOUNTS  GIFTED TO CHILD - The Y (yes) response deposits the    amounts from items #1 - #51  into the student's account.                                                                                              The parental deposits will show as gifts/grants.                                                                                                      With a Y answer these amounts then accumulate at the student's after-tax   rate of growth since they have been gifted to the child, rather than at    the parents net rate.                                                      53.   ROLL OVER ANY FUNDS -  This is applicable only if there are two or   more children.  A "Yes" response will take the balance of funds remaining  in an account for the oldest child and "roll it over" into the account     for the next oldest child.                                                                                                                            For example, a family with three children funds may have an account        earmarked for the eldest child.  When that child has finished school,      5,600 remains.  That 5,600 is subtracted and then added to the account     of the next child.                                                                                                                                    If the child's education is not overfunded, a response other than "N"      will have no significance.                                                                                                                            Funds may be rolled over from both the Parental accounts and accounts in   a Child's name.  Using the Child's Account would be appropriate when the   primary source of funds has been gifting from the Parents.                 ^^                                                                         You may respond P, C, B or N.                                                                                                                         P = Rollover only from Parental accounts                                                                                                              C = Rollover from one Child to the next                                                                                                               B = Rollover from both Parental and Child accounts if surplus exists                                                                                  N = Neither Parental and Child accounts should be rolled over              54.   NET AFTER - TAX GROWTH RATE - This is the annual earnings rate the   parent would NET if the sums are to be kept in the parent's name, rather   than the child's.                                                                                                                                     This rate should reflect the parent's investment expenses (if any) and the parent's income taxes.  For example if the parent earned 9 percent, had a  1 percent investment expense and paid 38 % in taxes the net would be 5%.   55.   USE  PARENT  FUNDS  FIRST  - A Y (Yes) response will use funds       accumulated  by  the  parent for this child BEFORE invading the child's    account.                                                                                                                                              However, if the parent is gifting the funds to the child (see Item 22)     then it would be appropriate to spend all of the child's funds first.                                                                                 When both the student and the parent are accumulating funds, then you will most likely want to use a "N" response if the student's funds will be      depleted first.                                                                                                                                       Respond "N" if you are using the roll over to next child.