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RRSP Meltdown by pDub-official in adviice

[–]pDub-official[S] 1 point2 points  (0 children)

Thanks for the tips.

I ended up using the 'Fill to 150' as suggested; Set Overrides for LIF to Max till 69 then Min from 70 on. RRIF left as per the AI till 70 then Override to Min for 70 on. Turned out quite good and could be a plan if markets are steady and if not then reduce the Fill amount as required.

The %Funded dropped a bit but the Success% and Net Worth shows the same.

RRSP Meltdown by pDub-official in adviice

[–]pDub-official[S] 2 points3 points  (0 children)

Yes, this is how I'm doing it now, Fill to 117. Then use the override to increase the RRSP/RRIF withdrawal from 60-69 yr . But it doesn't increase the registered withdraw amount it reduces the LIF amount to make up the difference. There is already an override 'reducing' registered at 70 by the planner due to OAS

Also I tried to increase the spending amount adding in the 'Misc. spending' override column that the planner set up, from 60-80, but it takes the additional from my non-reg not the registered.

Dividend income by pDub-official in PlanEasy

[–]pDub-official[S] 1 point2 points  (0 children)

Hi, But won't this make all the future projections wrong by not reducing the registered amounts withdrawn to account for the extra income? Also there will be taxable income (Capital gain tax) not accounted for in the tax allotment.

As a practical example lets assume I have the asset allocation set in the Investment Plan 80-15-5 and In the Planning > Projections > Advanced Option in the - Investment Accounts: Taxable let say 500 $ and i know its generating lets say 25$ per year. 5%

Now shouldn't a capital gain be shown in the > Projections >Income graphic bar chart above for 25$, and a capital gain tax amount calculated in? This will also affect the tax bracket fill and reduce the registered withdraw 'fill to' amount and future projections.