A virtual guidance apparatus and method assist an operator to maneuver a loader of a work vehicle for material handling of a workpiece. The virtual guidance apparatus includes a guidance control unit, one or more camera devices mounted on the associated work vehicle and operable to obtain an image of a loader of the associated work vehicle, and a display unit operatively coupled with the guidance control unit and displaying on a screen of the display unit that is viewable from an operator's seat of the associated work vehicle visual aids for guiding the operator in operating the loader to position a boom relative to level ground, to position a tool carrier on an end of the boom, to show a preview of a path of the tool carrier and of tools attached with the tool carrier, and to assist in positioning the workpiece load to be manipulated.