RetireWare Tutorial

Marc Des Rosiers

Informations

• Publié par: Undoi
• Nombre de lectures: 105
• Langue: English

Extrait

RetireWare Tutorial

Welcome to the RetireWare Tutorial! RetireWare is easy to use because of its graphical user interface and streamlined wizards. Once you’ll get the hang of it, you

will be creating financial plans in no time.

Workspace

The first thing to know about RetireWare is that there are three “workspaces”. A workspace is the area in which you have windows for entering data or viewing

results. You can switch from one workspace to the other by clicking the

Spouse (1)

,

Spouse (2)

or

Spouses Combined

buttons on the

Listbar

on the left.

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

1

Calculation

You can do either an individual calculation or a calculation that combines the financial information in the

Spouse (1)

and

Spouse (2)

workspaces.

If you want to do an individual calculation, enter data using the wizards or following your own approach by accessing the data entry windows from the menu or

toolbar. When finished, click the

Calculate

button. A results summary will appear in the workspace. You can click the

View Results

button on the toolbar or listbar

to cycle through the results. You can also create a report and save it as a PDF file.

If you want to do a calculation combining the information of two spouses, check

Do Calculations for Both Spouses

in

General Information

for each spouse.

Enter data using the wizards or following your own approach by accessing the data entry windows from the menu or toolbar. When entering data, you can switch

from one spouse’s workspace to the other spouse by clicking the

Spouse (1)

or

Spouse (2)

button.

When finished, click the

Calculate

button. A results summary will appear in the

Combined Spouses

workspace. You can view individual results for each spouse

by clicking the

Spouse (1)

or

Spouse (2)

button. The

Spouses Combined

workspace only displays combined results after a calculation; there is no data entry.

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

2

Doing a Calculation

1.

Enter information and selections for one person or each spouse using the wizards or your own approach

2.

When complete, on the

Results

menu, click

Calculate

, or press the

F5

key, or

3.

On the

Toolbar

, click the

Calculate

button, or on the

Listbar

click the

Results

button and click the

Calculate

button

4.

The RetireWare Calculation window appears

5.

Click the

Calculate

button to launch the calculation

6.

When the calculation is complete, a

Summary

appears

If you did a calculation for both spouses, a combined summary appears; to view the

Summary

for each spouse, click the

Spouse (1)

or

Spouse (2)

button on the

Listbar

. You can view all the results by accessing the different tables and graphs on the

Results

menu, or by clicking the

View Results

button on the

Toolbar

Doing a Combined Calculation for Both Spouses

1.

On the

Forecast

menu, click

General Information

2.

Click the

General Information

tab, and select

Do Calculations for Both Spouses

, if you want to perform a calculation that takes into account the

financial information of both spouses

3.

Enter information and selections for each spouse using the Wizards or your own approach

4.

When complete, on the

Results

menu, click

Calculate

, or on the

Toolbar

, click the Calculate button

5.

The RetireWare Calculation window appears

6.

Click the

Calculate

button to launch the calculation

7.

Combined results will appear for both spouses combined, and individual results will be available in each spouse's workspace

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

3

Saving Data

You can save data at any time by clicking the

Save

button or clicking

Save

on the

File

menu. If you’re entering data for two spouses and you want to save it, there

will be two files. When you save data for the first time, you will have to save each file with a different name. Therefore, you will be prompted to save twice. After,

you can save at any time while working on a wizard or using your own approach by clicking the

Save

button. You can create an unlimited number of files and store

them in any directory on your computer.

Helpful Hints

To know whether you are in the

Spouse (1)

or

Spouse (2)

workspace, the

Title Bar

of any open window in the workspace will display the name of the person you

are working on (or

Spouse (1)

or

Spouse (2)

if you have not changed the default name). In addition, the status bar displays on the left hand side the name and

displays in the middle the file name, if the file has been saved.

When entering data, you can stop work at any time, save your data and continue later by opening the file or files.

By default, the files in each workspace are saved by clicking the

Save

button, unless you deselect the multiple saves in

Program Options

, in which case only the

file in the active workspace will be saved.

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

4

Using the RetireWare Wizards

RetireWare is organized around wizards for all components of the software, including

Quick Calculation

,

Budget

,

Net Worth

,

Asset Allocation

and

Step-by-

Step Retirement

Wizards. To make it easier, it also has printable 'cheat sheets' in PDF format that can be used to collect all required information away from your

PC.

With the

Quick Calculation

Wizard, you can plan your retirement in a few minutes. Then, you can do a more detailed analysis by using the other wizards and

dozens of special features.

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

5

Viewing Results

Tables, Graphs and Summary

- When you do a calculation, results are displayed in the main window. Results consist of tables, graphs and text. After the

calculation is complete and results are available, you can view them in sequence by using the

View Results

button.

Within a results window consisting of graphs and/or a table, you can maximize or resize the graphs by resizing the window, or rearrange the sizing of the

graphs and table inside the window by dragging the edges.

View Results in Sequence

1.

On the

Toolbar

, click the View Results button

2.

The

Summary

is displayed in the workspace, and the

Previous

and

Next

button previously grayed become available

3.

To view the next set of results, click the

Next

button

4.

To view the previous set of results, click the

Previous

button

5.

To close, click the

View Results

button again

Summary

- The

Summary

provides an overview of the retirement plan assessment, indicating whether expected assets will be sufficient to provide for the

Retirement Income Objective

, the asset allocation and the deviation from the desired asset allocation.

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

6

Viewing Results (continued)

Annual Savings Graph and Table

- The

Annual Savings

table and graph show the amount and type of amounts saved each year in the future until retirement,

including RRSP, pension and savings for a purpose other than retirement.

Accumulation of Assets Graph and Table

- The

Accumulations

table and graph show an accumulation each year in the future until the end of the projection

period of total assets, including registered, non-registered and other assets, such as property or business ownership. The table shows for each type of asset its

expected value and cash flow each year in the future.

Income and Cash Flow Forecast Table and Graphs

- The

Income Forecast

table shows for each type of income its expected value each year in the future until

the end of the projection period. There are two graphs related to the income forecast: The income forecast graph, which plots total income each year in the future,

and the cash flow forecast, which shows the difference between the

Retirement Income Objective

and the expected income each year in the future.

Recommendations

- The

Recommendations

provide a summary of the main findings, recommended annual contributions to achieve retirement goals,

suggestions on how to improve your plan for retirement and potential inconsistent settings.

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

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Viewing Results (continued)

Asset Allocation Graphs

- The

Asset Allocation Graphs

display two pie charts and two bar graphs. The pie chart provide in graphical format the allocation non-

registered and registered assets among the following asset classes: cash and equivalents, fixed income, Canadian equity, US equity and international equity. The

bar graphs display in graphical format the deviation between the desired and existing asset allocations of non-registered and registered assets.

Budget and Net Worth Statement

- The

Budget and Net Worth Statement

provides a summary of all income and expenses, and assets and liabilities.

Creating a Report

After the calculation is finished, you can create a report for printing or for saving as a PDF file.

Previewing the Report

1.

After you do a calculation, on the

Results

menu, click

Report

, or click the

Report

button on the

Toolbar

, or

2.

On the

Listbar

, click the

Results

button and click the

Report

button

3.

View the information as required

4.

To print, on the

File

menu, click

Print

, or click the

Print

button on the

Toolbar

5.

To save as a PDF file, on the File menu, click

Save Report as PDF

Saving Report As PDF

1.

Ensure that the window containing the report is the active window

2.

If you want to print a table, use the mouse to select the area on the table you want to copy

3.

On the

File

menu, click

Save Report As PDF

4.

The

Save

dialog will appear

5.

Name the file and save it in the directory of your choice

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

8

Saving Files

Saving a File

1.

On the

File

menu, click

Save

or

Save As

, or on the

Toolbar

, click the

Save

button

2.

In

Drives

, select the disk drive from the

Drives

list

3.

In the

Folders

list, select the directory where you want to save the file

4.

In

File Name

, ensure you have the desired file name, or

5.

Enter a new file name, or

6.

If you want to replace an existing file, select a file from the list below

7.

Click

OK

, or press ENTER

Adding a Password

1.

On the

File

menu, click

Password

2.

Enter the

Password

and enter it again in

Confirm Password

3.

Click

OK

, or press ENTER

If you save your work in a file, you can include a password to protect your privacy. If you have a file for you and one for your spouse, you must enter a separate

password for each file. Passwords cannot exceed 10 characters and may include any combination of alphanumeric characters. The next time you open this file,

you will require the password to open it.

Sending Files by Email

1.

On the

Help

menu, click

Send Email

2.

This will launch your email program and open a new message window

3.

To attach one or more files, on the

Insert

menu, click

File Attachment

4.

Select the file (or files if you want to send information on two spouses) in the directory you stored them (the way of attaching files may vary depending on

the email program)

RetireWare files are stored in a proprietary format and cannot be viewed other than within RetireWare. However, it is a good idea to include a password if you are

going to send files over the Internet. It is also a good practice to send the passwords in a separate email to maximize the protection of your data.

Copyright © 2005 by Apeiron Software Limited. All Rights Reserved.

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