RazorPlan Training

A series of recorded webinars for Serenia Life advisors.

RazorPlan Fundamentals

Learn the basic building blocks of using RazorPlan. This beginner level session will cover how to enter data into RazorPlan and provide key tips to help make the data entry process smooth. Then the session will focus on reviewing the results of the data entered and how to produce a report.

Life Insurance Planning

Learn the basics of adding life insurance policies into RazorPlan. This session will cover understanding the calculation of Human Capital which is used to generate the need for insurance on all levels of RazorPlan. Then it will show how to enter life insurance data into RazorPlan so that the plans show the impact of both cash values and death benefits.

Retirement Planning

Understanding how to analyze a couple’s retirement projections is essential to becoming a power user of RazorPlan. In this session you will learn the basics of retirement projection analysis using RazorPlan. The session will give you a base understanding of the retirement projections and then help you analysis common retirement questions clients have such as:

Scenarios and Allocate Withdrawals

In Scenarios and Allocate Withdrawals, you will learn about the Scenarios feature in RazorPlan. This session will demonstrate how to use Scenarios by changing the solver settings and using the Allocate Withdrawals feature. This feature lets you determine where retirement income should be sourced from between the Registered, Non-registered and TFSA accounts.

Corporate Planning

Using RazorPlan to create a financial plan for a business owner makes it easy to show business owners how their business can be used to help with retirement. This session will cover how to enter data into RazorPlan for a business owner and provide key tips to help make the data entry process smooth. Then the session will focus on reviewing the results of the data entered and how business data impacts the client’s personal plans.

Understanding Assumptions

RazorPlan has a series of assumptions that are the backbone of the program. Understanding where, how and what to set these assumptions to can give RazorPlan users more confidence in using the program to get results. In this session, we will discuss the following:

How does changing the start ages for CPP and OAS benefits impact their retirement?
What happens if they downsize their home?
Can they afford to provide a gift to their children to give them a head start?

After this session you will feel confident in setting up your defaults to make your plan building easier and more efficient.