Question: I changed my plan to retire later when I'll be 62 years old. Now it's showing a RRIF withdrawal from age 62. I thought this was illegal - I don't even have a RRIF. Please can you tell me how to sort this out? Previously it was...
Tuesday, May 29, 2018
Friday, May 25, 2018
How to Determine Required Savings
Questions: I purchased RetireWare to derive an accurate number for annual savings for my wife and I given a set of retirement goals and lifestyle requirements. I have an account set up under the email above but feel that something isn't quite right with the calculations after playing...
Tuesday, May 22, 2018
Question: When completing annual updates and considering inflation, is it necessary to increase the income objective, CPP and indexed pensions to the current payment amount? Considering a joint retirement plan with different time horizons, how are the assets of the person with the shorter time horizon treated? Are...
Monday, May 21, 2018
Determining Optimal Savings
Question: I modified our "Annual Amount Saved" until the combined (ie. me and my wife) Summary said that our assets will be sufficient. Then I changed our retirement ages to 65/55 and played with the "Annual Amount Saved" again until I saw that our assets are sufficient. Is...
Thursday, May 17, 2018
Quick vs. Detailed Plan
Questions: In the Quick plan: 1) is the Retirement Income Target gross or net? 2) I don't see where I can input existing locked-in money. Can I? In the Detailed plan: 1) in the Forecast/Economic Outlook/Advanced/Annual Investment Management Fees, how can I bypass the fees? Do I need...
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