Using TFSAs

Question: I input a value for my TFSA but for some reason it is not showing up on the asset accumulation table. Could not figure out why. Any suggestions, could I have a wrong setting somewhere? As a follow up to my earlier question, in the file# below...

By: RetireWare / Equisoft On 11:30 AM

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Spouse name and comments

Question: How do I enter the information to see the spouse's full name and my comments on the final report? Answer: On the Forecast page, on the General tab, select the Option to do a calculation for both spouses. The page will refresh and show a drop down...

By: RetireWare / Equisoft On 11:28 AM

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How to account for money in corporate account

Question: I just signed up for the account and I am playing around with the numbers. I am currently keeping most of my earnings inside my corporation and investing inside the corporation. Is there a way to measure the growth inside the corporation and the best way to...

By: RetireWare / Equisoft On 11:26 AM

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Monte Carlo Odds

Questions: I modified the LIF payment, I had accidentally added the excess payment twice. which brings the LIF payment down several thousand dollars. I still have the massive contradictory outcome of a 44 probability (Monte Carlo) and a $223,813 in her LIF at death. Answers: If you look...

By: RetireWare / Equisoft On 11:25 AM

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What happens in year of death

Question: It would be helpful to understand in some detail what the Retireware processing and assumptions are for the year of death. This is particularly so in the case of death of one spouse years before the other in a joint plan. I haven't come across this documented...

By: RetireWare / Equisoft On 11:20 AM

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DIY Version

Questions: Looking for retirement planning software for personal use, but with a level of sophistication. Does your software: Perform detailed tax calculations based on the Canadian Income Tax Act? Support income by type (earned income, investment income – dividend [Cdn and foreign], CG, CPP, OAS, etc) Track assets...

By: RetireWare / Equisoft On 11:17 AM

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Locked-in Funds in New Brunswick

Question: I have a plan with locked-in funds under the New Brunswick pension legislation. It shows that LIF income will be over $12,000 in her first year of retirement, but the max allowable is around $8500 in for a NB legislated plan.  Can you explain how the program...

By: RetireWare / Equisoft On 11:15 AM

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