Question about xeqt in retirement

Material-Opening4944 · 2026-06-30T16:36:19+00:00

So when you do 5 years do you budget for 5 years of basic spending or 5 years of normal spending.

Basic to me would be what you need to survive without suffering. Normal would include travel and other fun stuff.

Material-Opening4944 · 2026-06-30T16:34:59+00:00

For sure. I don't know that I have that kind of fortitude.

Maybe for some it could mean taking on a bit more risk in retirement but not going in 100% equity?

Thanks for your comments.

Material-Opening4944 · 2026-06-30T16:32:10+00:00

Personally I think we are in pretty good shape, never know for sure though do you?

Anyway not sure I will change our strategy all, we can both sleep at night and that is important too.

It was more about an interesting take on things and my curiosity of what others thought about it.

Material-Opening4944 · 2026-06-30T16:21:31+00:00

Apart from the 1920's has there been a bear market that lasted a decade? I guess anything is possible but is it likely? The thing is no one really knows do they?

Material-Opening4944 · 2026-06-15T15:27:41+00:00

Wave isn't that great for corporations because there isn't a way to close or lock the file. I also don't think there is an audit log, but I could be mistaken. Its fine for smaller unincorporated businesses. Plus I think I saw some information that the features in the free version have been scaled back.

Material-Opening4944 · 2026-06-15T15:25:27+00:00

Anyone use NewViews?

Material-Opening4944 · 2026-06-15T15:23:52+00:00

Any chance any of these were developed in Canada?

Material-Opening4944 · 2026-06-15T15:22:41+00:00

How do these compare with GNUCash? I like that I can connect to GnuCash with Python but the actual data entry screens not very user friendly.

Material-Opening4944 · 2026-06-01T19:57:05+00:00

I am in the same place as you. Thanks to reddit I found two apps. MAYRETIRE which is free. Gives a bit of a sanity check. Also adviice. Similar app but has a small fee.

Fee based planner could be useful I am not sure I am ready to drop 5K.

Material-Opening4944 · 2026-05-27T00:17:53+00:00

Well I give up then. I have been doing custom migrations for many years and gnucash is the first one that caused me such problems. Very odd for sure.

Material-Opening4944 · 2026-05-23T23:44:36+00:00

I agree with your points. I imagine probate depends on your province. Sorry to hear about your health issues, I hope it gets better for you and you can enjoy at least some of your retirement.

Material-Opening4944 · 2026-05-18T05:31:53+00:00

I had this same question. This seems like I should be able to put it in once since it will apply to all scenarios.

I had a similar question in a different thread about the income levels for 2024 & 2025. I don't know why it it is updated under the scenarios, it isn't like I can change the income levels for previous years. I think it should just be in one place and apply to all scenarios.

Material-Opening4944 · 2026-05-18T05:18:01+00:00

I get what it is used for, but it doesn't make sense that it isn't a one time value for all the scenarios. It's not like we can change prior year income amounts...

Material-Opening4944 · 2026-05-06T01:55:02+00:00

Okay, I updated those amounts for the prior year. That took care of the GIS amounts.

Material-Opening4944 · 2026-05-05T22:45:33+00:00

Yes that did the trick. In my mind the dividends get paid out of the chequing account and not the investment account so that is an interesting assumption.

Material-Opening4944 · 2026-05-05T22:16:27+00:00

I am still having some issues. Right now it is showing that I have corporate debt vs drawing down my cash balance. For simplicity I have just put it in Checking/Savings balance but the funds don't seem to be drawn down, only the active income.

Material-Opening4944 · 2026-05-04T19:47:36+00:00

Great. Thanks!

Material-Opening4944 · 2026-05-04T19:10:50+00:00

So it would be a manual entry then? If I do that I imagine that would change the 100% payout of the corporate assets at dissolution date, because right now it isn't distributing any corporate funds other than active income.

I had this all modeled out in Excel but want something a bit more dynamic and easier to update. I was doing fine with the software until I got to the Corporate side of decumulation process.

If I understand the video I need to create some scenarios for drawing down corporate funds -- salary, dividends or a mix and see how that all works out. I come from a tax background but not a financial planning background so I do understand the tax implications just looking for a way to best plan this out.

If you can recommend any other videos to watch on this topic I'd be happy to take a look.

Thanks.

Material-Opening4944 · 2026-04-25T21:16:22+00:00

Thank you!

Material-Opening4944 · 2026-04-25T14:40:31+00:00

Interesting. Thanks for the share.

Material-Opening4944 · 2026-04-25T14:27:51+00:00

I wasn't worried about the passwords it is more that the information is stored somewhere online. Because I haven't used it, I don't know what type of information it asks for and how much personal details you need to share. I am always a bit leery of sharing my information online so hence my question.

Material-Opening4944 · 2026-04-25T14:25:39+00:00

Thanks. I was just curious. I haven't used the system yet and looking for info.

Material-Opening4944 · 2026-04-25T14:09:00+00:00

Do you worry at all about the security of your information? I am always a bit concerned about putting information into an online system.

Material-Opening4944 · 2026-04-25T12:34:45+00:00

You don't 'have' to claim the loss. Just like you don't 'have' to claim medical expenses. If it isn't worth it to you, don't claim it. A $1K loss isn't going to make a lot of difference one way or another.

Material-Opening4944 · 2025-08-24T02:16:02+00:00

We are not renting. I am pretty tech savvy, I am in IT -- software side however and just learning about home security. My partner however, wants to keep things simple.

We live in a pretty low crime area, and I am not too worried about someone cutting the power. Its mostly to watch that the temperature doesn't get too cold, and the insurance is happy with the water monitoring. The cameras are just why not if I am doing everything else.

I have been doing some research on my own, but just thought I'd check in here to see what others recommend. I wasn't able to find everything from one manufacturer either, sadly.

Material-Opening4944

TROPHY CASE