(WEBINAR) đź’¸ Base Expenses and Additional Expenses (May 1, 2024)
In this 45-min webinar, we guided you through the process of adding expenses to your projections.
- We reviewed John Snapper — a sample client added to all new users of Snap [05:20].
- We discussed how to enter Base Expenses, what to include in this amount and what to exclude. [08:00].
- We reviewed Real and Nominal Base Expenses on the Planning Pages [15:30].
- We spoke about Automatic and Manual Cash Flow Management (CFM) and how to adjust CFM Start Age [22:00].
- We reviewed in detail how to enter Additional Expenses:
- We reviewed these additional expenses on the Planning Page [30:15] and how they affected the client's projections.
- As a special note, we showed how this additional expense looks like pre-automatic CFM [32:40] and discussed the additional steps needed to cover the expense.
- We looked through the Client Report and Charts and discussed how to highlight additional expenses there [35:55].
- In a different scenario with a spouse, we looked at how Scenario Setup -> Expenses page changes to allow for Combined Expenses and also advanced options available [38:25].
- We also briefly discussed how to prorate the first or last year of an additional expense [44:50]