Making Decisions when Facing Uncertainty

A way to think about risk Using an example, I'd like to show how risk theory can help us manage our uncertain future. Risk theory is a branch of mathematics that provides a framework for making decisions with uncertain outcomes. When it comes to retirement, we are facing...

By: RetireWare / Equisoft On 10:08 AM

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Monte Carlo Details

Question: How are the economic scenarios used in the Monte Carlo simulations generated? Are they generated within the software, or does the software contain a set of hundreds of scenarios that are used when necessary? I am trying to understand the stochastic projection component of this software better....

By: RetireWare / Equisoft On 10:42 AM

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Special Expenses

Question: I have been using RetireWare to elaborate several files to plan our retirement. I have been trying to include the sale of our actual house in two years, for example, and buy a new one at a higher price in the same year. I cannot find any...

By: RetireWare / Equisoft On 10:41 AM

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Pre-retirement Budget

Question: When doing a pre-retirement budget for a couple I enter the budget under one of the individuals and it still shows a budget for the other spouse. Why? Answer: For pre-retirement, each spouse has their own budget relative to income. In your case, you put the budget...

By: RetireWare / Equisoft On 10:40 AM

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Dividend Stream

Question: Is there a way to create another post retirement income stream of dividends from a holding company and are they treated as eligible or non-eligible for tax purposes? Answer: There is only one stream of dividends and they are taxed as eligible dividends. Other temporary streams of...

By: RetireWare / Equisoft On 10:40 AM

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Update Wizard

Question: One question on the “Update” feature.  I haven’t used it yet but just trying to figure out what happens when you use it.  So say you update all the financial information and any changes that might need to be done with assumptions, etc.,  does the program then...

By: RetireWare / Equisoft On 10:39 AM

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Summary Tables

Question: Why TFSA’s do not show under the future assets table? They are definitely being saved as per the detailed income statements. Answer: Because of space constraints the tables showing on the page (and in the report) can only display a limited number of columns. Accordingly, we've combined...

By: RetireWare / Equisoft On 10:36 AM

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'What If' Scenarios

Question: My spouse and I are recently retired with DB pension, SERP payouts, CPP and RSP's. I need to know when to draw down RSP's in order to minimize tax and minimize OAS claw-back. Does this function exist in RetireWare? Answer: You can try various scenarios for the...

By: RetireWare / Equisoft On 10:35 AM

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