Decumulation is an investment planning tool for clients in the decumulation phase of life. It provides an unbiased recommendation on how to reduce the risk of outliving their money while achieving their after-tax estate and lifestyle goals.
By taking an existing client file and running thousands of solves, RazorPlan with Decumulation can deliver meaningful insight immediately. For advisors who manage hundreds of client families, this frees up time and allows them to focus on providing the best advice.
Decumulation will help your clients maintain long-term investment value while addressing both estate and income goals, providing more income and spending flexibility in retirement and reducing the risk of outliving their money.
Clicking the Decumulation button displays the analysis and allows you to adjust the settings used to determine the optimal strategy.
The Decumulation screen is divided into two areas; the Charts Panel and the Data Panel.
1. Chart Panel
The Chart Panel provides 5 views including the Overview, a Results page, the Retirement Options, Strategies and Details. These screens provide the information from the three decumulation strategies that the program analyzes; Optimal Strategy, Non-Registered/TFSA First, and RRSP/RRIF First.
2. Data Panel
The Data Panel lets you choose the settings for the decumulation calculations. This panel can be used to adjust the settings and display on the charts.
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