Toggles allow you to model financial planning strategies and events within a Financial Insights scenario.
For example, you can use toggles to model additional savings contributions, scheduled withdrawals, asset purchases or sales, changes in income, and other planning decisions. Each toggle is saved to the selected scenario and can be turned on or off, allowing you to test different strategies without changing the client's underlying financial information in the Evaluation.
1. Understand how toggles work
A toggle is a planning control that changes how a scenario projects a specific financial event or strategy.
Depending on the toggle, you may be able to specify:
Account or entity: The account, individual, corporation, or trust affected.
Amount or percentage: The value associated with the strategy.
Timing: When the strategy begins, ends, or occurs.
Recurring: Whether the event repeats over a specified period.
The available fields in a toggle depend on the toggle you select.
When a toggle is turned on, Planworth applies its rules during the applicable years of the projection. Turning it off excludes that toggle from the calculation without removing its saved settings.
Important: A toggle can be ineffective when its conditions are not met. For example, a contribution strategy may have no effect if insufficient cash is available.
2. Add a new toggle
Open the client's Financial Insights.
Select Add Toggle / Strategy, then New Toggle.
Search and select the toggle you want to add.
Complete the required fields
Select Save.
Planworth organizes toggles into categories such as:
Savings/Investments: Contributions, withdrawals, transfers, and investment-related strategies.
Income/Expenses: Changes to income or expenses.
Sale/Purchase of Assets: Planned asset purchases and sales.
Tax/Misc.: Tax-related and other planning adjustments.
Corporate: Strategies involving corporations.
Family Trust: Strategies involving family trusts.
What If: Planning events and stress tests, such as a market crash or premature death.
The available toggle types depend on the functionality supported by the selected plan. After saving, the toggle appears in the scenario's toggle list.
3. Edit, turn off, or reactivate a toggle
You can modify a saved toggle without creating a new one.
Find the toggle under Strategies, Pinned Toggles / Strategies, or All Toggles. You can also use Search toggles.
Select the pencil icon to edit the toggle.
Update the applicable fields and save your changes.
To temporarily disable a toggle, use the switch on its card.
On (blue): The toggle is active and included in the scenario calculation when its conditions apply.
Off: The toggle is excluded from the calculation, but its settings remain saved.
4. Organize toggles using Strategies
When modelling multiple related planning actions, you can group their toggles into a Strategy.
For example, a retirement income strategy might involve several toggles for scheduled withdrawals, account transfers, and contribution changes. Instead of managing each toggle separately, you can group them under a Strategy.
Create a Strategy
Select Add Toggle / Strategy, then New Strategy.
Create the Strategy using the options displayed.
Add the relevant toggles to the Strategy and save.
Manage a Strategy
A Strategy allows you to activate or deactivate multiple related toggles together.
Turning a Strategy on or off turns its member toggles on or off together.
Individual toggles retain their own settings and can be managed separately.
Deleting a Strategy removes the grouping but keeps its member toggles on the scenario.
Use Strategies when several toggles collectively represent one planning approach.
5. Understand Auto-Generated toggles
Some toggles are created from information entered in the Evaluation. These are identified by an Auto-Generated badge.
For example, registered account information may produce a corresponding conversion-age toggle in Financial Insights. Auto-Generated toggles are linked to underlying Evaluation information.
There are a few important differences from manually created toggles:
They originate from Evaluation records rather than being added manually.
Certain fields may be editable within the scenario, depending on the toggle.
Planworth may prevent you from deleting a toggle while its related Evaluation record still exists.
If an Auto-Generated toggle contains incorrect information, first determine whether the underlying Evaluation record needs to be corrected. Updating or removing the linked Evaluation information may update or remove the corresponding toggle.
If the Evaluation information is correct but the Auto-Generated toggle behaves unexpectedly, contact Planworth Support rather than changing accurate client information simply to remove the toggle.
6. Review how a toggle affects the financial projection
After adding or changing a toggle, review the results to confirm that the strategy behaves as intended.
Review Toggle Review
Open Summary → Toggle Review to review the toggles associated with the current scenario. This is a useful place to confirm the strategies and toggles included in the scenario.
Compare the Dashboard results
To see whether a toggle changes the projection:
Confirm the intended scenario is selected.
Turn the toggle off and review the relevant Dashboard results.
Turn the toggle on and allow the scenario to recalculate.
Review the same Dashboard results.
Depending on the toggle, you may see changes in cash flow, net worth, account balances, taxes, or retirement funding.
7. Troubleshoot a toggle that has no effect
Ineffective Toggles
Planworth may identify ineffective toggles through a yellow highlight or warning on the toggle card. When available, navigate to Analysis → Insights → Plan Review and review the Ineffective Toggles section.
For example, an Insufficient Cash Flow warning may indicate that a strategy requiring available cash cannot execute as intended. Review the warning and the toggle's saved settings before changing other assumptions.
8. When to use a toggle, Strategy, or separate scenario
These options serve different planning purposes.
Planning need | Recommended approach |
Test one financial planning action | Add a toggle. |
Temporarily include or exclude an action | Turn the toggle on or off. |
Manage several related planning actions together | Create a Strategy. |
Compare substantially different financial plans, such as retirement at age 60 versus 65 | Create or clone a scenario. |
For example, if you want to test whether additional TFSA contributions improve a client's retirement projection, you may only need one toggle. If you want to compare an entirely different retirement approach involving different retirement ages, spending goals, and investment assumptions, separate scenarios are generally more appropriate.
Remember: Toggles are designed to help you test specific planning decisions. Scenarios allow you to preserve and compare complete financial planning alternatives.