Value: Enter the total value of all Locked-In Plan investments.
Employee Contributions: Enter the value of any planned future employee contributions either annually or monthly as defined in the Frequency selection.
Employer Contributions: Enter the value of any planned future employer contributions either annually or monthly as defined in the Frequency selection.
Frequency: Select ‘Annual’ or ‘Monthly’ from the drop-down to define the frequency of future contributions.
Index At Inflation: To specify whether future contributions will grow with inflation, select ‘Yes’ or ‘No’ from the dropdown.
Province of Legislation: Select a province from the drop-down. The province selected will define the minimums and maximums associated with the plan.
Income Starts At: Select ‘Retirement’ from the drop-down to have the income begin at retirement, or select ‘Age’ to establish a specific age.
Income Amount: There are two options available for drawing income from the Locked-In Plan; Minimum and Maximum. Select which method to use from the drop-down and RazorPlan will calculate the appropriate income each year.
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