Sometimes life goes as planned, and sometimes it throws us curveballs. Whether expected or unexpected, certain events have a large effect on our financial lives. So, this week, we\u2019ve added a new feature to Personal Capital\u2019s Web Dashboard to prepare you for anything that may lay ahead.\r\n\r\nOur new planning features take the guesswork out of financial decisions by allowing you to create multiple income or spending scenarios. You can immediately see the impact of hypothetical income events like inheritance, the sale of a home, or going back to work after retirement. Similarly, you can input expenses like travel, a child\u2019s wedding, home renovation, or making a charitable donation. Maybe you or a spouse want to take a year off or stop working entirely. What impact would this have on when you can retire, or how much you save? Our new scenario and comparison tools allow you to plan for multiple potential outcomes. Best of all, you can save different scenarios and compare the impact of various decisions versus your current financial plan.\r\n\r\nThis feature works together with our newly launched 'Education Planning' tool, which helps you understand and compare the costs of a specific college or overall in-state vs out-of-state college costs, as well as determine your annual savings needs while you track your progress. Forty percent of college students take a fifth year to graduate, and you can model what impact that would have on your annual spending. You can also see how hypothetical changes to education goals impact your overall portfolio and retirement readiness.\r\nHow it Works\r\nStep 1:\r\nSign in to your Personal Capital account and select \u2018Retirement Planner\u2019 under the \u2018Planning\u2019 tab in the header menu.\r\n\r\n\r\nStep 2:\r\nIn the Retirement Planner, select the \u2018+\u2019 next to Spending Goals, and select the \u2018Education\u2019 icon.\r\n\r\n\r\nStep 3:\r\nCreate a \u2018New Education Goal'. Select or add your student, their birth year and their education type \u2013 private school (pre-college) or higher education.\r\n\r\n\r\n\r\n\r\nStep 4:\r\nAdd in any and all savings toward this goal by linking any current associated accounts or you can manually enter the amount. However, we encourage you to link any existing accounts so you can designate all or a portion of those given accounts toward an education goal. This allows you to monitor your progress and contributions and helps you keep on track for hitting your goals. Our Average costs calculator \u2013 which includes tuition, room and board, and books \u2013 will help you determine an appropriate amount to save.\r\n\r\n\r\n\r\n\r\n\r\nOur planner accounts for inflation by deflating future returns on your college savings to today\u2019s dollars for an easier comparison with today\u2019s college costs, to help you most accurately compare.\r\nStep 5:\r\nOur planner helps you calculate how much you need to save per month or per year, from now to the time your student starts college. Personal Capital recommends saving for 70% of the total costs.\r\n\r\n\r\n\r\n\r\nStep 6:\r\nSelect \u2018Done\u2019 and you now have your final education analysis. You can see your projections and edit contributions, select specific schools to see how your savings will net out, and see your \u201cFund-it-all\u201d amount and your projected tax savings from a 529 plan.\r\n\r\n\r\nStep 7:\r\nYou can now complete your final analysis. For example, you can save it as a new scenario such as, \u201cKatie goes to Stanford\u201d under \u2018Retirement Planner\u2019 and see how it affects your retirement readiness and your overall financial plan. This is how you can compare all different types of scenarios (home-buying, inheritance, etc) and see how it impacts your plan.\r\n\r\n\r\n\r\nIt\u2019s that easy! Stay tuned for more exciting new product updates coming soon.\r\n\r\nUse our free tools to manage your financial life from one place.\r\n\r\nFor a video demonstration, click here.\r\n\r\nThis communication and all data are for informational purposes only and do not constitute a recommendation to buy or sell securities. You should not rely on this information as the primary basis of your investment, financial, or tax planning decisions. You should consult your legal or tax professional regarding your specific situation. Third party data is obtained from sources believed to be reliable. However, Personal Capital cannot guarantee that data's currency, accuracy, timeliness, completeness or fitness for any particular purpose. Certain sections of this commentary may contain forward-looking statements that are based on our reasonable expectations, estimates, projections and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not a guarantee of future return, nor is it necessarily indicative of future performance. Keep in mind investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.