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RETIREMENT PLANNER

RETIREMENT PLANNER VERSION 1 (BASIC)

 

A simplified version of the retirement planner but with all the key features that will allow you plan a financially successful retirement.

 

KEY FEATURES - 

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  • INDIVIDUAL OR JOINT PLANNING FOR YOU AND YOUR SPOUSE/PARTNER
     

  • 2 PRE-RETIREMENT RRSP ACCOUNTS FOR YOU AND YOUR SPOUSE/PARTNER
     

  • 2-STAGE RRSP WITH FLEXIBLE RATE OF RETURNS AND CONTRIBUTIONS
     

  • ABILITY TO SET DELAYED CONTRIBUTION AGE
     

  • SET CPP/QPP CLAIM AGE AND OVERRIDE MAX. AMOUNT
     

  • RETIREMENT STAGE RRSP WITHDRAWAL
     

  • 2-STAGE RRIF ACCOUNTS WITH MINIMUM WITHDRAWAL AMOUNTS AUTOMATIC CALCULATED AT AGE 72
     

  • SET INFLATION ADJUSTMENT FOR BUDGETS, TAX, WITHDRAWALS AND GOVERNEMENT PENSION AMOUNTS
     

  • TRACKS HOME AND/OR PROPERTY ASSET WITH ABILITY TO DELAY HOME PURCHASED OR UPSIZING BEFORE RETIREMENT
     

  • 2-STAGE HOUSING CONDITIONS WITH ABILITY TO SELL AND REPURCHASE WHICH WOULD ALLOW YOU TO DOWNSIZE OR TRACK MULTIPLE PROPERTIES.
     

  • 4 RETIREMENT BUDGETS TO COVER 2 HOUSING/INCOME PHASES
     

  • DETAIL FEDERAL AND PROVINCIAL TAX CALCULATIONS
     

  • INCOME TAX AUTOMATICALLY OPTIMISED BY EQUALISING INCOME
     

  • DETAIL MONTHLY INCOME BREAKDOWN AND ASSET BALANCE FOR EVERY YEAR OF RETIREMENT

















     

Retirement planning requires savings and an understanding of your financial needs during your retirement period. This Planner allows you to accurately track your assets from present to the end of your retirement. Two versions are available. Both the BASIC and DETAIL versions will accurately track your assets until retirement and will handle your retirement income needs taking into consideration tax liabilities, government pensions and other available incomes. The DETAIL version provides added features such as the ability to track Savings and TFSA accounts as well as the possibility to save pension incomes received prior to retirement.
Follow the link for a detail comparison of the differences between the typical retirement calculators that are available from banks, government and retirement websites and how they compare agianst the two Retirement Planners offered below,

RETIREMENT PLANNING

RETIREMENT PLANNER ENTRY VERSIONS
The planner/calculator is an Excel spreadsheet requiring Microsoft Excel to be loaded on your computer to run. The planer comes in two versions, Basic and Detailed. Both versions of the Retirement Planner comes in two entry formats - Direct Entry and Form Entry

 

For those who are comfortable working with Excel, the Direct Entry version is a one page form where all inputs and results as displayed. This allows the user to see the results and make the necessary adjustments, all in one place.

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The Form Entry version is set up with a series of forms, one for each sections of the one page Excel form. In each section, the user is prompted for all inputs that will be in be transferred to the one-page master form. This method is more time consuming but is less intimidating for users not familiar with Excel.

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RETIREMENT PLANNER VERSION 2 (DETAIL)

 

This retirement planner has all the basic features and more with the flexibility to cover most real life financial situations. 

 

KEY FEATURES - ​

 

  • INDIVIDUAL OR JOINT PLANNING FOR YOU AND YOUR SPOUSE/PARTNER
     

  • 2 PRE-RETIREMENT RRSP ACCOUNTS FOR YOU AND YOUR SPOUSE/PARTNER
     

  • 1 TFSA ACCOUNT
     

  • 1 NON-REGISTERED SAVINGS ACCOUNT
     

  • 2-STAGE RRSP WITH FLEXIBLE RATE OF RETURNS AND CONTRIBUTIONS
     

  • ABILITY TO SET DELAYED CONTRIBUTION AND AGE
     

  • SET CPP/QPP CLAIM AGE AND OVERRIDE MAX. AMOUNT
     

  • OPTION TO TRANSFER ALL OR PORTION CPP/QPP INCOME DURING PERIODS BEFORE RETIREMENT DIRECTLY TO RRSP ACCOUNT AND/OR TO TFSA OR SAVINGS
     

  • CALCULATE CPP/QPP SUPPLEMENTAL INCOME WHILE WORKING AND COLLECTING PENSON BEFORE RETIREMENT
     

  • ABILITY TO TRANSFER OAS AMOUNT TO RRSP OR (AFTER TAX AMOUNT) TO SAVINGS
     

  • ALLOW FOR ADDITIONAL YEARLY INCOME DURING RETIREMENT
     

  • 2 ONE-TIME BENEFITS BEFORE OR DURING RETIREMENT

  • RETIREMENT WITH OPTION TO TRANSFER TO RRSP, SAVINGS OR TFSA
     

  • 3-STAGE RRIF ACCOUNTS WITH AUTOMATIC MINIMUM PLUS ADDITIONAL WITHDRAWAL
     

  • INFLATION ADJUSTMENT ALLOWANCE FOR BUDGET, TAXES, WITHDRAWALS  AND GOVERNEMENT PENSION AMOUNTS
     

  • TRACKS HOME AND/OR PROPERTY ASSET WITH ABILITY TO DELAY HOME PURCHASED OR UPSIZING BEFORE RETIREMENT
     

  • 3-STAGE HOUSING CONDITIONS WITH ABILITY TO SELL AND RE-PURCHASE ALLOWING YOU TO ALSO TRACK MULTIPLE PROPERTIES
     

  • 4 RETIREMENT BUDGETS TO COVER 3 HOUSING/INCOME PHASES
     

  • DETAIL FEDERAL AND PROVINCIAL TAX CALCULATIONS
     

  • ABILITY TO OPTIMISE INCOME TAX BY SETTING % OF PENSION TO BE TRANSFERRED TO SPOUSE OR EQUALIZE
     

  • DETAIL MONTHLY INCOME BREAKDOWN FOR EVERY YEAR OF RETIREMENT
     

DISCLAIMER:

The calculator attempts to cover financial details that are complex and depend on the accuracies of details that are in some instances can only be assumed. As such the results are at best, rough estimates and are based on many variables, some are assumed and the rest are from the information that you provide. The results should therefore not be considered financial advice. Please use it wisely for planning purposes only and verify the results yourself or with the help of a professional.

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