(WEBINAR) 📃 A Practice Case Study (45 min)

This training will show you the basics of creating quick and valuable retirement projections for a sample client.  We will start by entering client data, running the projections, and comparing some scenarios. In doing this, we will show you how you can use Snap Projections to find the answer to the following: 

  • How long will my money last? Am I going to be OK?
  • How much can I spend so I won't run out of money?
  • I'm currently saving $XXX. Will it be enough?   

Here is the customer case study we used during the webinar.  Feel free to practice it on your own and then watch the webinar to find the answers to your questions. A summary of the webinar with timestamps is provided below the video. If your questions aren't addressed in the recording, please reach out to us at [email protected] and we'll be happy to help!

The following topics are covered: 

Section 1: Intro and Setup [1:07 - 2:20]
  • Logging in and the Clients List
  • How to access Snap Projections Help
  • The Snap Projections Toolkit including the New Plan Creation Checklist and Client Questionnaire
Section 2: Getting Started with Data Entry [2:20-21:30]
Section 3: Where to start on the Planning Page [21:31 - 34:35]
  • Overview of the Planning page
  • Reviewing the client's Base Expenses and Additional Expenses columns
  • Entering Financial Asset Contributions (Maximize TFSA Contributions)
  • What does the yellow highlighting mean?  Manual contribution or withdrawal overrides.
  • How the cash flow is managed. (Automatic CFM or Manual)      
    • Automatic contributions or withdrawals are based on the desired Base Expenses.
    • Manual contributions or withdrawals - the remaining cash is considered to be spent each year and is displayed under Expenses.
  • Changing the CFM Order (Using the CFM Order column)
  • Reviewing the Charts
  • The Estate Summary
Section 4: Answering the Client's Questions [34:36 - 46:38] 
  • How long will the client's money last? Are they going to be ok?
  • Using the Recommendations Feature 
  • Making Changes to New Scenarios and Copying Scenarios
  • How much could the clients spend and not run out of money? Running a Sustainable Scenario
  • Review the CFM Order
  • How to show the clients spending more in early retirement, then run a Sustainable scenario at age 75.

Additional Resources available 

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