interactive case studies - cifps€¦ · case study format watch short video to setup case...
TRANSCRIPT
Interactive Case StudiesAre your clients ready for whatever life brings?
Mike Steele, CFP, CLU, CHFC
Senior Consultant, Financial Planning
Agenda
Welcome & Introductions Who am I? Who are you? (poll)
Case study format
Five case studies
Conclusion
2
Poll setup and testing
Two options for responding to polls Respond at PollEv.com/mikesteele677 Text MIKESTEELE677 to 37607 once to join
Respond to first poll: Where do you live?
3
Poll question #2
How would you describe your practice? Fee only? Commissions only? Combination?
4
Poll question #3
Which products / services do you recommend? Cashflow / debt management solutions Retirement savings (RRSP, RPP, etc.) Education savings (RESP, etc.) Risk management (life, critical illness, disability insurance) Long-term care (insurance, etc.) Estate planning (life insurance, trusts, etc.) Other?
5
Case study format
Watch short video to setup case situation
Each video has three alternate endings; we’ll investigate one
Use NaviPlan (my software of choice) to illustrate problem
Suggest solutions (poll audience for input)
Illustrate one solution (mine)
6
The Talk
Adopting a child Caring for an aging parent
Child entering post-secondary education
7
The Talk – adopting a child
Young couple, age 30
International adoption
Childcare – stay at home vs. paid childcare
Saving for education
8
Show NaviPlan case details
The Talk – audience poll
What would you recommend?
Free form poll.
9
Show NaviPlan solution
The Door
Going back to school New home
Dream vacation
10
The Door – Going back to school
Middle age (44)
Funding education costs plus loss of income
11
Show NaviPlan case details
The Door – audience poll
What would you recommend?
Free form poll.
12
Show NaviPlan solution
The Ride
Post-secondary education
Caring for an aging parent Daycare / pre-school
13
The Ride – caring for aging parents
Cost of assisted living / long term care
Who pays?
How to fund?
14
Show NaviPlan case details
The Ride – audience poll
What would you recommend?
Free form poll.
15
Show NaviPlan solution
The Meeting
Big promotion
Starting a new business
Early retirement
16
The Meeting – early retirement
Age 55
Unexpected early retirement
What are his options?
Has he saved enough?
17
Show NaviPlan case details
The Meeting – audience poll
What would you recommend?
Free form poll.
18
Show NaviPlan solution
The Call
Unexpected death New job
Twins
19
The Call – unexpected death
Risk management – survivor income
20
Show NaviPlan case details
The Call – audience poll
What would you recommend?
Free form poll.
21
Show NaviPlan solution
Closing poll - feedback
On a scale of 1 to 5, how would you rate this session?
22
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Thank you