Overview Screen

The Overview screen displays the Wealth at Risk between the calculated optimal strategy and the two base strategies, namely the Non-registered/TFSA First and RRSP/RRIF strategies. The chart shows either the Estate or Net Worth values, depending on the type of solve selected in the data panel, for all three strategies. Also shown, is the difference between these values of the Optimal Strategy and the lower value of the two base strategies and the percentage improvement of the Optimal Strategy over the the least optimal strategy.

Decumulation calculates three strategies based on the settings selected in the Data Panel.

Optimal Strategy
Decumulation will automatically calculate the optimal approach to achieving the highest possible Estate or Net Worth based on the age and government benefits selected. Decumulation will run thousands of combinations of data and filter out the best performing result. This result is then displayed as the Optimal Strategy and compared to both a Non-Registered/TFSA First approach and RRSP/RRIF First approach.

Non-Registered/TFSA First and RRSP/RRIF First Strategies
These two strategies are calculated automatically as a base-case to compare against the Optimal Strategy. This strategy assumes Non-Registered/TFSA or RRSP/RRIF assets are prioritized for decumulation, and that government benefits will begin as outlined in data entry. This comparison will demonstrate the impact of proper decumulation strategies for your client.

Strategy Settings

The details of the three strategies are displayed on the three tabs in the Strategy Settings area. From here you can view the data changes determined for the CPP and OAS start ages as well as the withdrawal priority of the Non-Registered/TFSA and RRSP/RRIF assets.

The data displayed in this area can be applied to override your active scenario by clicking the button. When clicked the Strategy Settings are applied to your active scenario and update your client file.

*Before updating your client file, be sure to create a new scenario so that you can reverse the changes if needed.

Click the button to automatically update your client recommendations in the recommendations window. Decumulation recommendations will populate in the Retirement Planning tab of the Recommendations window.