(WEBINAR) 🎓 Creating a scenario using the RESP functionality (June 1, 2022)
Let's dive into a sample projection where we are creating a plan for our clients. Their plan is to fund their kid's education and also achieve their retirement goals.
Please click this link to view the recording. Simply enter your name and email address and the recording will be made available to you immediately.
Click the following link to view their client questionnaire if you would like to practice creating their plan on your own. Jackson-and-Samantha-Peters-Questionnaire.pdf
Please note that the UI design of Snap Projections was updated after this video was recorded. The main functionality remains unchanged, but the navigation to various settings pages has been changed. Instead of using the Settings -> Registered Assets button to update the contribution room, you'll now do this under Scenario Setup ->Assets -> Capital Assets.
Also, Sustainable Scenario is now located under the New Recommendations Feature. The recommendations feature also helps you answer your client's retirement questions quickly. It can provide options to adjust your client's savings, spending, retirement age, and more.
This session’s training topics include:
- Overview of the case study and entering the data [1:45 - 14:46]
- Reviewing the example scenario
- Entering information according to the questionnaire
- Creating the RESP plan for our clients
- Reviewing all the information on the planning page [14:47 - 21:20]
- Understanding Cash Flow Management on the planning page
- Reviewing Manual v/s Automatic Cash Flow
- Adding expenses in the projection
- Adding Contributions in RESP and other Registered Assets [21:20 - 33:15]
- Overriding contribution in the RESP account
- Running a sustainable scenario (now upgraded to Recommendations Feature)
- Reviewing Estate Summary and Comparing scenarios
- Reviewing Reports & RESP Charts [33:16 - 59:50]
- Adding additional funds to the RESP account
- Reviewing the reports and RESP table
- Adjusting the projection to reach the client's retirement goal
- Using our Knowledge Base for any frequent questions or queries