Wednesday, October 19, 2016

Pre-retirement Planning

11:59 AM


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 am trending to reach my retirement goals

Answer:

Yes you enter your income before retirement and it will increase each year in line with a wage increase assumption. You can also enter all assets and liabilities (in particular mortgage balances on properties and remaining term).

For the budget, you can complete a pre-retirement budget and a post-retirement budget separately. Your post-retirement budget will be used for setting your retirement income goals (and is indexed as well to retirement and each year thereafter).

1 comments:

  1. Such fabulous post about the pre-retirement planning. I am quite impressed with these details as I too have to host a retirement party for my dad. It will not be a grand event and I just plan to invite his closest friends and our family members to this bash so finding suggestions for one of the medium sized event Just wonderful thoughts. I am really happy to have a look at this birthday post. Even my mom is my best friend. I love speeding time with her. We both keep planning surprises for each other. On my 16th birthday that was in last month she threw a surprise party for me at one of my favorite party venues in Los Angeles from https://eventup.com/venues/los-angeles-ca/ ..

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