Do a simplified retirement analysis

Find out how to perform a simplified retirement analysis in just a few minutes, without even leaving the contact file!

Laylah offers you a simplified retirement analysis estimates the retirement saving needs.

Contact information such as date of birth, relationship and investment account balances are included in the simplified retirement analysis to avoid double entry.

Before you start, make sure the salary is entered in the Employment and Income section of the financial data.

The simplified retirement analysis is divided into 4 sections:

1. Scenarios
   • You can create multiple scenarios in the simplified retirement analysis.
   • Data, results, pins and recommendations are unique to each scenario.
   • When creating the report, you can select the scenario(s) to be presented.
2. Data and analysis assumptions
   
   • All the sections in the left-hand column are divided into 4 parts:
     • Goal - Defines the retirement goal as a percentage of total gross income.  All income defined in the Employment and Income section is taken into account.
     • Parameters - Identify retirement age, life expectancy, inflation rate and rate of return on investments.  Values are provided by default, but you can modify them to suit your preference.
     • Benefits - Government benefits (QPP and OAS).  You can enter the annual amount in the field or use the calculator to estimate the amount.
     • Investments - Shows account totals and annual contributions for the customer.  You can modify them by clicking on the edit button .
     • Pension plan - Enables you to enter data for defined contribution and defined-benefit pension plans.
     • Other assets - Allows you to plan the sale of an asset at a given date.  The proceeds will be invested in a non-registered account and used to meet annual retirement needs.
3. Pins
   
   • File notes for this scenario. 
   • You can create several pins per scenario.
   • They are not included in the final report.
4. Recommendations
   • Recommendations for this scenario.
   • You can create several recommendations for each scenario.

Do a simplified retirement analysis

1. Click on the Analysis button  in the left-hand vertical menu of the contact form.
2. Click on the Analyses and calculations button in the horizontal menu.
3. Select Simplified Retirement analysis.
4. Click on the Add analysis button if no analysis is present.
5. Complete the analysis data in the left-hand section and see the results on the right.