Data linking

Question: Will your product read data from Quicken Home & Business? I have RRSPs from many sources, stock options from my work, and have to open many different websites to look at all the investments. Answer: No, there is no fetching of data from other sites, such as...

By: RetireWare / Equisoft On 11:16 AM

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Files

Question: The description of RetireWare refers to limits on the number of "files" each subscription level is entitled to, but I don't see any explanation of what a file is. I'm guessing it's a comprehensive report based on a single scenario or set of input data. Answer: A...

By: RetireWare / Equisoft On 11:15 AM

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Custom Rates of Return

Question: Why can't the custom rates of return be set to negative values to match some current YTD performances? Answer: You can see the effect of negative returns that will occur in some years with the Monte Carlo simulation. We don't allow negative rates since making such an...

By: RetireWare / Equisoft On 11:14 AM

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RRSP withdrawals and withholding tax

Question: My tax advisor suggested withdrawing income funds from my RRSP account before my non RRSP account now during times of layoffs. This would be to reduce possible clawbacks in OAS at a later time. Is there a way for the software to pull from RRSP before non...

By: RetireWare / Equisoft On 11:13 AM

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Use of Funds

Question: Does the application look at the original amount in non-registered and as soon as that amount is used it switches to registered withdrawals? Does it consider deposits after the original date? Answer: If at one point you don't have any other sources of funds, and non-registered and...

By: RetireWare / Equisoft On 11:11 AM

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Post retirement budget

Question: When I create the post retirement budget selecting one budget for both spouses, it doubles the budget requirements. Our expenses are around $47,000 per year. when I finish the plan, its has our budget at over $90,000. I've played around quite a bit with this and can't...

By: RetireWare / Equisoft On 7:11 AM

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Functionality

Questions: 1. Will the product allow me to prepare retirement income projections for my wife and me combined? 2. Assuming yes, will it allow different start times for her and my CPP and OAS? 3. Will it provide any optimization regarding when we should start drawing from RRSPs...

By: RetireWare / Equisoft On 11:10 AM

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Risk Analysis

Question: Is there an explanation to what changes in metrics are used for the longevity, market, sequence of events and inflation risk analysis? Answer: You will find information in the help files under 'View Menu' | 'Risk Analysis'. Here's a link that provides more background on the approach...

By: RetireWare / Equisoft On 11:10 AM

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Demo Account

Question: Do you have a demo account that I can test drive? Answer: No, but you can purchase the version you want to try it and we will refund your payment in full within 30 days if you don't like it or find it not to be a...

By: RetireWare / Equisoft On 11:10 AM

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Detailed Cash Flow Tables

Question: When I try to view the detailed table for both income and accumulations, nothing comes up. Any suggestions on how to fix? Answer: Please ensure your browser doesn't block "pop-up" windows. Or try another browser, such as Google Chrome. ...

By: RetireWare / Equisoft On 11:10 AM

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Types of Assets Supported by RetireWare

Question: My spouse and I have salary income. We are contemplating early retirement (5 years early). We will both earn small pensions from our employers. We have the following 6 registered plans. TFSA x 2, RRSP x 2, Locked-In registered plan (LIRA) x 2, plus Investment accounts x...

By: RetireWare / Equisoft On 11:09 AM

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How to input annual TFSA contributions

Question: How do I input annual TFSA contributions of $5,500 till I retire? Answer: 1. On the Forecast page, on the 'Savings Plan' tab, enter $5,500 and under Advanced select the last savings options (TFSA first). 2. Enter you TFSA room and contributions this year on the Financial...

By: RetireWare / Equisoft On 11:09 AM

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Rates of Return

Question: In the economic outlook when I enter my own custom rates of return and in advanced you include investment management fees does that reduce the rates of return by the investment fee? Answer: Yes it does, whether you select the standard forecast or enter your own custom...

By: RetireWare / Equisoft On 11:09 AM

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