(LIVE SUPPORT SESSIONS) Product Walkthrough and Q & A - REGISTER HERE!

New to Snap Projections? Longer-term user but need a refresher?

Join us for Live Product Walkthroughs including the opportunity to ask your own questions.  Get an overview of creating a projection, a review of new features, and have your questions answered by one of our resident Customer Success Specialists. These sessions are more informal than our regular CS Webinars, with less prepared content and more time for questions. This is a new format that we’re trying where you can register for a session and join at any time to ask questions or listen to answers addressing other users’ questions.

These sessions will highlight the basics of the software and provide training on the fundamentals. They will likely go over topics that advanced Snap Projections users are already familiar with.  

 Upcoming Product Walkthrough Sessions - Registrations

Wednesday, May 1st, 2024, 1:00 pm - 1:30 pm ET

Register here

Create a simple plan in Snap: Join us for this session where we'll review a plan in Snap for a sample couple. Learn to enter information effectively, review key numbers, evaluate recommendations, present the projections, and ask us any questions! We will focus on Base Expenses and additional spending goals.

Wednesday, May 15th, 2024, 1:00 pm - 1:30 pm ET

Register here

Create a simple plan in Snap: Join us for this session where we'll review a plan in Snap for a sample couple. Learn to enter information effectively, review key numbers, evaluate recommendations, present the projections, and ask us any questions!

 Selected Recorded Sessions

Just click the desired session link below and enter your name and email address to watch the session immediately.

Feb 21, 2024: Sample projections for a couple with a corporation

Please click here to view the recording

In this 45-min webinar, we guided you through the process of adding a corporation to your projections.

• We reviewed a basic scenario for a couple close to retirement with a simple schedule of eligible and non-eligible dividend payments.
• We discussed how you can upgrade your plan to Advisor Business to access our Corporate Planning module.
• We reviewed in detail a more complex scenario for a sample couple in their 40s with a shared small business. We addressed a common client's question: How long will our corporate assets last in retirement, and will it be enough? While doing so, we discussed the following:
  • how to add a corporation to the projections with corporate capital and real assets;
  • how to set-up salary, expenses, and savings within the corporation;
  • how to declare eligible, non-eligible, and capital dividends; and
  • certain considerations to keep in mind when taking the funds out of the corporation.

Jan 24, 2024: FHSA and Randomized Scenarios

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In this session, we guide you through the process of creating a plan in Snap for a sample couple. We review the Scenario Setup, Planning Pages, and Client Reports. Along the way, we touch on copying scenarios, Recommendations, the new FHSA account, and Randomized Scenarios.

Here is the sample client data for this session if you would like to create the projections yourself and then watch the recording.

Analyse the projections

• Do these clients have enough money to reach age 100 without a shortfall?
• What happens if we stress test the projections? Copy the scenario first.
  • There are 2 important aspects to consider when stress testing the projections:
    •  The average annual return
    •  The sequence of those returns
  • Using Randomized Scenarios on the copied scenario, we will illustrate the impact of both of these considerations.
    • Update the asset mix for the chart to 40% fixed income and 60% equity (as our baseline projections illustrate)
    • Choose position 20 on the slider which represents the 20th worst case in terms of the average real rate of return for the entire projection period for these 101 randomly generated sequences
    • Apply this to the projections
      • Variability has now been introduced to the projections
      • At position 20, the average nominal rate of return has been reduced (by approximately 1%) from the base projections
    • Review the results
  • A few important notes:
    • Stress-tested scenarios aren’t intended to replace your base financial projection.
    • The base projection (with consistent rates of inflation and investment returns) should be used for strategic decisions such as when to retire or whether to commute a pension.
    • Make a copy of your base projection first, before performing stress testing.

Jan 10, 2024: A Baseline Projection and Frequently Asked Questions

Please click here to view the recorded session

In this webinar, we created a basic plan in Snap for a couple and answered the following frequently asked questions by our users:

1. What is the minimum information needed to create a projection?
   • Year of Birth and Province of Residence
   • Sources of Income
   • Asset values as of the start of the year of projections and available contribution room, and
   • How much the clients are saving, if at all.
2. How to rename a scenario?
3. How to adjust the contribution room and set up Employer Matching?
4. How to maximize contributions to TFSA?
5. What do Base Expenses consist of and what do I put under Additional Expenses?
6. Why is there a shortfall?
7. How to copy a scenario?
8. How to compare scenarios?
9. What is Cash Flow Management (CFM) and how to use CFM Order column?
10. How to convert RRSP to RRIF sooner?

Dec 20, 2023: Plan Review for a couple in their 40s

Please click here to view the recorded session

In this webinar, we reviewed a basic plan in Snap for a couple and answered the following questions that they asked regarding their retirement:

1. How long will my money last? Am I going to be okay?
2. How much can I spend so I won't run out of money?
3. How much will be left for my children?
4. How much more do I need to save to reach a specific retirement income goal?

Last we reviewed how to rebase projections created in the past to start them in the current year.

Dec 6, 2023: Sample projections for a couple nearing retirement

Please click here to view the recorded session

In this session, we reviewed a sample projection and answered the following 3 questions: 

1. How long will my money last? Am I going to be okay?
2. How much can I spend so I won't run out of money?
3. How much will be left for my children?

July 19, 2023: A new way to enter and highlight spending goals in Snap Projections

Please click here to view the recorded session.

In this session, we reviewed a sample projection and highlighted: 

1. Base Expenses
2. Additional Expenses
3. The Cash Outflows chart
4. Entering specific withdrawals on the Planning page to cover expenses

For a similar session, which also includes the entry of tax-deductible expenses, please click here to view (August 2, 2023). We covered the same topics as above (except for point 4) but also discussed entering tax-deductible expenses.

March 15, 2023: Tips and Tricks

Please click here to view the recorded session.

In this session, we reviewed a sample projection and highlighted: 

• Scenario Setup input flow
• Moving/Copying assets to the spouse
• RRSP and TFSA Contribution room input and RRSP -> RRIF Conversion age settings
• Tips for the Planning page (mouse hover, Copying Scenarios, Scenario Notes, keyboard shortcuts)
• Running a Sustainable Scenario, starting at any age
• Opening detailed tables on the Planning page
• Charts and making them full screen, selecting and deselecting
• Create their final report. 

February 1, 2023: Useful features you might have missed in Snap 

Please click here to view the recorded session.

In this session, we reviewed some helpful features in Snap that you might have missed.

This session covered:

• Using the charts and reports efficiently 
• Additional tables that you can see on the Planning pages 
• Tips to enter insurance data quickly 
• Mouse hover to see the Contribution and Withdrawal limits of Registered Assets
• How to copy, paste, rename and switch scenarios in a plan. 

January 18, 2023: Back to basics 

Please click here to view the recorded session

It’s the start of the new year, and we want to help you be ready to go with Snap Projections. In this session, we take it slow and provide a walkthrough of Snap for new users and those who would like a quick refresher on Snap's basics. We also highlight improvements that were made in 2022.

This session covered:

• Rebasing your projections to start in the year 2023.
• A review of the Scenario Setup pages and the Planning pages.
• How to run a Sustainable Scenario using the Recommendations feature.
• How to create customized reports to present to your clients.
• And along the way, we'll be addressing your questions. 

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