Health Care
This part of medicare helps cover costs for doctors' services and outpatient care. It also covers other medical services, such as physical and occupational therapy, and some home health care
What is Part B
If you receive an error message "this client already belongs to a plan" when attempting to add a co client, this action must be taken before the client can be added?
What is canceling the existing plan the client is attached to.
In MGP income entered pre retirement is automatically treated this way unless modeled otherwise
What is assumed to be fully spent each year.
FC says: I keep adding a scenario to the 'what if' worksheet, but it doenst save how can I save it?
What is you have to click "Calculate All Scenarios" for it to save
As of early 2026, the firm handles x amount of daily average trades.
What is 9.5 million trades per day
When retired at 65, this letter represents the "hospital insurance" part of Medicare, which is usually premium-free if you worked 40 quarters.
What is Part A
Merging plans is appropriate only in this specific situation.
What is moving a prospect plan to a live account.
What 2 account types dont automatically link into MGP?
What is Pal Accts and Roth I401K accts.
These 5 categories are fixed in the spending order, what are they?
Reliable Income
Retirement Cash Reserve
529 Plans
Coverdell Educational Savings Accounts (CESA)
Taxable
In 1996 Schwab was the first major brokerage firm to allow clients to do what?
What is allow online trading
This Medicare surcharge is triggered when income exceeds certain thresholds and Money guide Pro dose NOT automatically adjust for it during high income years.
What is IRMAA (Income-Related Monthly Adjusted Amount)
Is there a way to modify return assumptions in the plan for clients??
Yes, go to Risk > Current allocation > Return Adjustments
After surveying all, what is the most common reason a plan fails?
What is problem with basic living expenses.
During pre retirement period MGP will make an estimate for LTCG rate based what information
Marital status, Age, State of Residence, Employment Income and Other Income
In November 2025 Schwab announced the acquisition of this company.
What is Forge Global
When performing multi year Roth conversions, failing to manually adjust for Medicare premiums surcharges in MGP can create this type of error.
What is understand healthcare expenses and overstated probability of success.
What would you look at when the current = 35% and Proposed = 85%?
First, look at combined details of the current vs proposed.
Second, check that the assets are classified vs non classified.
Unclassified gets 0% RoR, so the gap is telling you that something is not being counted in the current but IS COUNTING in the proposed. The only thing that does that is UNCLASSIFIED.
What is 20%
In MGP the program only calculates taxes on the these 5 senarios, what are they?
- Taxable investment earnings
- Taxes due on the use of pre tax assets (IRAs, 401(k)s etc.( to cover goals.
- Retirement income when the recipient has retired but the other client has not retired
- RMD's that may occur prior to retirement
- Existing annuity income that is occurring prior to retirement.
In what year did Schwab create the premium intelligent portfolio?
What is 2019