Functionality of RetireWare

Question: I am interested in a subscription but before doing so wanted to know the extent of your program - is there a 30 day trial version. I tried another product but the program was not detailed enough. Does your software allow you to enter your lifestyle needs...

By: RetireWare / Equisoft On 4:51 PM

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Retirement income goal and rates of returns

Question: As I am new to this program, I just have a couple of questions before I start rolling it out to  my clients. When it asks for Annual retirement objective (total dollar amount), will this include all sources such as CPP , OAS , and then net...

By: RetireWare / Equisoft On 4:48 PM

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Saving in a holding company

Question: You can include the value of a business from which you can pay dividends. You will find this on the 'Other Assets' tab on the Financial Information page. I'm not sure if this addresses what you want to do with a holding company. I do have a...

By: RetireWare / Equisoft On 4:45 PM

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Pre-retirement Planning

Question: I do not plan to retire for another 10 years. So does the software allow me to input my current income details (indexed for inflation) and asset (residence, RRSPs, investment portfolio) and liability balances as well as current expense budget (indexed for inflation) to see how I...

By: RetireWare / Equisoft On 11:59 AM

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Survivor pension benefits

Question: I have a 57 year old receiving roughly $10,000 of QPP survivor benefits and roughly $1,200 annually of private pension survivor benefits. Keep in mind the client will begin receiving regular reduced QPP retirement benefits sometime after age 60. How do I enter these amounts? Answer: I've...

By: RetireWare / Equisoft On 7:21 PM

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Asset mix profiles

Question: What are the asset mixes used in the historical returns application for conservative, moderate, balanced, growth and aggressive. I an an investment advisor and results are difficult to explain without some specific parameters. I've also found that the more I get into the program, the more questions...

By: RetireWare / Equisoft On 11:53 AM

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Defined Benefit Accruals

Question: I tried to input my husband's pension, which starts collecting on Jan 1, 2022. I am entering the lifetime amount and the bridge benefit from his pension statement, which are $32,484 and $10,218, respectively. However, when I put this into the input page, the output I get...

By: RetireWare / Equisoft On 11:46 AM

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RESP

Question: I have a client who would like to input their RESP assets and also build into their plan the expense they will incur to put their two children through university so that the financial impact of this is built into their retirement plan. Answer: First, on the...

By: RetireWare / Equisoft On 11:45 AM

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Asset Mix Changing Over Time

Question: I would like to have more detail about the change in Asset mix when I select 'Move gradually to conservative portfolio until 80'. Answer: The amount held in fixed income will increase gradually each year until it reaches the amount of the conservative profile. Thereafter it will...

By: RetireWare / Equisoft On 11:43 AM

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