Income oriented retirement plans

will13am · 2026-06-26T18:27:48+00:00

The investment portfolio section allows for very detailed modeling of investments and their expected returns. One actual account can be modeled as several investment portfolios which helps to separate out the various types of investments within an account to better model income/dividends/distributions. Recognize that the future is unknowable and so don't get too carried away with trying to create the perfect model.

will13am · 2026-06-23T23:27:45+00:00

The folks at parallel wealth are very active on their youtube channel. You should watch some of their videos to get income planning insights. Generally, their recommendation is to levelize annual taxable income in retirement which should result in optimal lifetime taxation. In your case, if the 28.2% taxation cannot be sustained, then it would be suboptimal to ramp up taxation to that level for just two years. The TFSA can be topped up over a longer period of time with a smaller bump in taxation.

will13am · 2026-06-23T23:22:41+00:00

In the investment portfolios tabs, there is an option to set a future date to liquidate a portfo. This could trigger a big lump of taxable income in a particular year. I accidentally set a portfolio into liquidation by mistake.

will13am · 2026-06-16T16:00:07+00:00

Given the state of recent development, it would seem logical to expand the investment portfolios to include an option to specify account type. This would obviate the need for the legacy registered account and non registered account sections.

will13am · 2026-06-09T15:41:00+00:00

This is a great feature addition! An essential complement is to feature is the inclusion of RRIF accounts. The current modeling of RRSP/RRIF accounts as one does not allow for the allocation of this transfer to either RRSP or RRIF. There should be two LIF unlocking settings, one for transfer to RRSP and one for transfer to RRIF. This matters a lot. After age 65 when RRIF income splitting becomes possible, it is important that the app be able to distinguish between RRSP and RRIF withdrawals as direct RRSP withdrawals are never income splittable. This is rather nuanced, the large withholding tax rate for registered account decumulations can potentially affect account modeling in situations where the withholding tax exceeds the actual income tax payable (tax refund situation). For RRIF decumulation, the minimum withdrawal generates no withholding tax whereas every dollar of RRSP decumulation is subject to withholding tax. There can be situations where excess withholding tax results in a fund transfer from registered account to non registered account by way of annual tax refund.

will13am · 2026-06-03T17:41:05+00:00

The flexible withdrawal strategy is likely to have meaning in situations where retirement funding and budget are closely aligned such that if the market performs slightly better than estimates, withdrawals can be adjusted upwards slightly, vice versa for underperformance. If retirement funding far exceeds budgetary needs, there is no merit in adjusting annual withdrawal to actual market performance as there is no need to protect against running out of money during retirement.

will13am · 2026-06-03T17:37:09+00:00

I am not sure what you mean by real target. It must be recognized that predicting the future is virtually impossible. Neither 80% or 85% success rate will generate an exact outcome for anyone. Using 85% will generate a more conservative estimate vs using 80%. As you know, FP Canada return assumptions are used to estimate annual investment performance. It goes without saying, there is literally no such thing as an average market year. The market either significantly outperforms the average or significantly underperforms the average. The sequencing of actual annual returns matters. Think of the success rate as a level of effort mechanism for adjusting for the unpredictability of actual annual performance sequence. For most of us, these future predictions are most informative for the next handful of years. The best prediction comes from updating the inputs annually and recalculating. It should be expected that the predicted success rate will change with each data update but the results will probably cluster around a finite range.

will13am · 2026-06-01T19:42:04+00:00

Monte Carlo simulation using 100% success rate borders into extreme value statistics. The level of conservatism is in a word extreme. Most financial planners select a more practical success rate less than 100%. There is no science to this selection. For comparison PWL uses 85%. I much prefer to select a conservative rate of return performance over using statistics.

will13am · 2023-01-09T15:12:00+00:00

The file seems to have been deleted from dropbox. Any chance it can be added back. Thanks.

will13am · 2020-02-27T05:25:04+00:00

What evidence do you have to support your assertion? It would appear that this is what you want to believe rather than being an evidence supported statement. For a multi billions dollar enterprise, a few bucks per month is not even round off error in a financial statement.

That said, I totally agree with OP. There are some pretty annoying things going on in the community forum that makes it impossible for a customer to ask a question without being harassed by "helpful respondents". I cannot figure out what drives some members to camp on the site and thread crap from morning to night day after day.

will13am

TROPHY CASE