Planit:Savings Thresholds

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In this Video you will Learn...
How do I show that my client is willing to save more in order to meet their objectives?
• Modelling Assumptions thresholds
• Quick review AutoModel
• Data entry
• For Modular process, use Planning Alternatives

Keep on Track! Continue training on...
Integrated Planning Life Planning
Modelling Assumptions Screen

Other Related Topics
Summary Assets and Liabilities (Canada) Summary Assets and Liabilities (Malaysia) Introduction to the Modelling Assumptions Screen
Retirement Thresholds Detailed Cash Flow Auto Model Process
Modelling Assumptions Results Planning Alternatives


The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.


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Parameters Tab

Let's say your client is willing to save an additional $2000.00 per annum towards their RRSP. You would enter this under the "Clients" threshold in the space provided for the RSP. See screen shot where we have added in the parameters for the savings additional savings.

Automodel1.jpg

The Auto Model process will increase savings based on the thresholds identified are implemented to determine if this will eliminate the shortfall. While the savings are increased, the system also recognizes that the current lifestyle will reduce since you have to spend less to save more. If a shortfall still exists, the process will continue.