Retirement income planning tutorial for Advisors In this retirement income planning tutorial, Advisors are working through a Case Study. Together, we are learning how to build a plan from scratch, create multiple what-if scenarios, and then discussing how to review...
What makes retirement projections software good? If you are like me, when you evaluate new software you are looking for specific features. You wonder: “How will this software take care of “X”? Or, “Can it help me with “Y”.
As a Financial Advisor or Planner, you already know how challenging it can be to get your existing and prospective clients engaged with the financial planning process. What we have found, in practice, is that starting with creating a retirement vision first can make...
When should your clients start taking CPP/QPP and OAS? Which accounts should they first draw from when they retire? Today we are going to explore personalized decumulation strategies. The answer is, it depends As a Financial Planner, you already know there are no...
During the recording of this financial planning session, you will learn how to easily model 4 planning strategies that can have a major impact on your clients’ lives and retirement plans. You will see how addressing complex financial planning questions can actually be...
As a Financial Advisor or Planner, you likely already know how challenging it can be to get some of your Advisory clients or prospects on board with the financial planning process. For Retirees, or those approaching retirement, it's even more important to break...
As an experienced Financial Advisor, Planner, or Investment Manager, you likely already know how important it is to start planning early for a successful financial future. Unfortunately, many young adults are not in that head space just yet and wind up missing out on...
Retirement income planning research As Canadian retirees approach age 72 and have investments in a Registered Retirement Income Fund (RRIF), they are required to withdraw a minimum amount each year. However, some retirees may consider withdrawing more than the minimum...
As a Financial Advisor, you already know that your clients continue to demand more value in each and every client meeting. To start, they want transparent retirement planning. They want to understand where the numbers are coming from. To facilitate this, Advisors rely...
If you expect that one spouse will outlive the other in your clients' retirement projections, it is useful to illustrate the surviving spouse's financial situation after the death of their spouse. We call this a Surviving Spouse Scenario in Snap Projections. Here's a...
What is pension income splitting? Pension income splitting is an important mechanism, and should be a feature in any Canadian financial planning software, that allows to transfer the taxable eligible pension income from one spouse to another for the purpose of...
Savvy financial advisors know that the key ingredient of their success is knowing what their clients and prospects truly want. This makes perfect sense because if you know what is on your prospect's mind, it is much easier to start a conversation with her, build trust...