Welcome. From time to time, we will provide our visitors with free access to sophisticated tools which will help you plan for your retirement and understand some of the issues related to retirement planning. Click on an item on the side-bar menu.
The following tools are available:
Retirement planning
Retirement income planning consists of:
- Selecting the age at which you would like to retire.
- Determining how much income you would like to retire with.
- Identifying your sources of retirement income.
- Projecting these sources of income.
- Comparing your retirement income target against your projected income to determine if there is a gap.
- If there is a gap, determine the additional annual savings required to meet your target.
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Investment guide
This guide will help you analyze the historical returns for selected financial indices relative to the inflation. This guide is made available under the assumption that understanding past results could help you establish how you may invest your money for the future. However, you should keep in mind that past returns are not a guarantee of future returns. The indices you may analyze include:
- Canadian equities
- Foreign equities
- Bonds
- Cash
Our database contains more than 35 years of historical returns.
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Annuity, RRIF and LIF
This tool calculates and compares the retirement income resulting from:
- An annuity, consisting of monthly payments, as may be purchased from an insurance company.
- A Registered Retirement Income Fund (RRIF), based on the minimum withdrawal percentages required by Revenue Canada.
- A Life Income Fund (LIF), as described by various pension authorities, assuming that an annuity must be purchased when you reach age 80. Until you reach age 80, the annual payment is determined on the basis of the number of years to age 90.
- A customized scenario with a fixed period of up to 25 years. Payments may take into account the RRIF minimum and / or LIF maximum.
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