Life Income Funds

Question: Is there a way to specify whether a DC pension in converted to a LRIF or LIF. It looks like it is defaulting to LIF. Answer: You can specify the plan type and jurisdiction on the Finances page under Locked-in Retirement Account on the 'Registered' tab. ...

By: RetireWare / Equisoft On 11:09 AM

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Defined Benefit Accruals

Question: I have a defined benefit pension with a reduction of 5% between 57 and 65. The amounts for the bridge benefit from age 57 to 65 and the lifetime pension amount should be reduced,  but they don't appear to be being reduced much at all. Why are...

By: RetireWare / Equisoft On 11:09 AM

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Software Upgrade

RetireWare has been updated today with several new features that have been requested by users. 1. Excess funds to TFSA In any year where there is excess income during retirement, i.e. income above the retirement income goal, the after -tax value of the excess funds are deposited in...

By: RetireWare / Equisoft On 11:10 AM

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Plans for Both Spouses

Question: How do I add the financial information for my spouse? Answer: On the Forecast page select the option to do a plan that combines the financial information of both spouses. You will then see a drop-down menu at the top of the page allowing you to enter...

By: RetireWare / Equisoft On 8:00 PM

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