u/Expensive-Image6953

Hi,

When I dug into the details of contributions to TFSA and RRSPs over the next 3 years, transitioning for both working to 1 working to neither working, I noticed that contributions were not showing in the base scenario as I showed the contributions in the set up / expenses.

Is this because the platform analyzed and determined it would be better to put more money into RRSP rather than TFSA? If so, is it considering impact on total lifetime tax (contribute now in high income years, withdraw later in low income years) and it is better than using TFSA?

Thanks for the insight.

Hi,

When our mortgage comes up for renewal in 2028, there will be a small balance ($37K). I would like to test the following scenario:

- increase mortgage to $137K amortized over ten years (better rate than HELOC)

- add monthly debt repayment ~$1K/ month

- deposit $100K to TFSA to max contribution room, RRSP for balance

How do I add the new payment expense and deposit to investments?

Thanks

https://preview.redd.it/lmaylz9mx0yg1.jpg?width=2160&format=pjpg&auto=webp&s=d4bd79f3405d86a1add38ee4195b71f2f2c5f115

Hi, I have this curious looking success rate graph. Is the crossover of 10th and 50th percentiles early on concerning? There will draw down of RRSP and TFSA to fund early retirement of one spouse due to age gap. Without looking at the graph, 130% funded with 99% success rate sounds good.

Thanks

Hi,

I have modelled the sale of our house at age 80, with housing expenses being retirement home (high end) until 95 (updated in foundation). I see an accumulation in TFSA and cash account but also a spending shortfall.

Is the cash account showing up because we do not currently have non-registered accounts for $ to go into? Why the shortfall when it appears there are funds to draw from?

https://public.adviice.com/dashboard/72h-e4tgskJxbDZH

Thank you

Hi,

I have 2 scenarios testing a “minimize estate“ strategy. Is there any real difference? I’m a little fuzzy on the relationship between funded, success rate and real risk. Can we enjoy the extra spending on our go-go year#, #2@?

1. 131% funded, 100% success

2. 127% funded, 97% success

Both scenarios withdraw from TFSA and RRSP but TFSA never below $200K balance and contributing again after 15 years. We have combined DB pensions of $100K (today’s dollars), indexed to inflation.

Thanks in advance!