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 to put them all to 0? It's because the planning I do is based on returns net of fees.
2) in the Pensions/DC/Group RRSP the Asset Allocation defaults to 100% cash, but If I choose a Profile in the Options tab will it over-ride this default?
3) in the Risk Analysis/Estate Objective, there is an amount of $50,000 as a default. Is this automatically included in the calculations, so do I need to change it to $0, or under what circumstances is it included in the calculations?
Answers:
Quick:1. It is Gross.
2. You can only do this on the Detailed user interface.
Detailed:
1. Yes, put them at 0%, otherwise they will reduce the gross returns.
2. Yes, the profile option applies to all types of funds.
3. It applies the risk scenarios and looks if there will be $50,000 or more for the estate. The ratio of successful scenarios over all scenarios is the success rate for the estate objectives. If you put $0, then all will be successful.
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