The Projected Cash Flow – At Retirement report is designed as a client friendly summary of the Cash Flow Ledger within the software.
The Projected Cash Flow Ledger focuses on all retirement years.
Retirement Income Needs – Retirement Income Need (adjusted for inflation) + Savings Strategies (non-retired spouse).
Income Received – Base Income (Employment, Pension, CPP, OAS and Other) + Taxes Paid at Source on Base Income + Dividends from Corporate Investments.
Retirement Plans – Income Withdrawal + Withholding Tax – Non-Retired Spouse Contributions + Tax Paid by Instalment in the following year (if any).
Non-Registered – Income Withdrawal – Non-Retired Spouse Savings + Tax Paid by Instalment in the following year (if any).
TFSA – Income Withdrawal – Non-Retired Spouse Contributions + Tax Paid by Instalment in the following year (if any).
Less Taxes Paid – The total tax paid on income each year.
Total Funds Received – The sum of Income Received, Registered Plans, Non-Registered, TFSA and Less Taxes Paid.
Surplus/Deficit – Equal to Total Funds Received minus Retirement Income Needs.
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