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 they treated as a spousal roll over or deemed disposed of?

I notice that TFSA assets appear to be disposed of. Is there a way to have them transfer to the survivor?

Answer:

Assets are rolled over to the spouse if the plan combines the financial information of spouses. If there's life insurance, you can direct it either to the spouse or a beneficiary on the Financial Information page.

First update the date of financial information on the Forecast page. If the income objective is in terms of a dollar amount, the program will project it from the date of financial information to the retirement year, so there's no need to update it.

For the CPP, if you entered a monthly amount, and indexed pensions, you should update it to the current amounts.

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Written by RetireWare / Equisoft