viviplan sample plan word2 · objectives 3 plan synopsis ... unilever canada pension. ... purposes...
TRANSCRIPT
FinancialPlan
PREPAREDFOR:October03,2017
PREPAREDBY:RonaBirenbaum,CFP
FinancialPlannerViviplan
Toronto,Ontario(416)363-8500
TableofContents
CoverPage 1
TableofContents 2
Objectives 3
PlanSynopsisProposed 6
RetirementGoalCoverage 17
RetirementCapitalComparison 19
CurrentPlan 21
CashFlowOutlook-CurrentPlan 22
RetirementIncome&Expenses-CurrentPlan 25
RetirementAssetAccumulation&Depletion-CurrentPlan 27
Mrs.retiresat62 29
CashFlowOutlook-ProposedPlan 30
RetirementIncome&Expenses-ProposedPlan 33
RetirementAssetAccumulation&Depletion-ProposedPlan 35
Investcash 37
CashFlowOutlook-Investcash 38
RetirementIncome&Expenses-Investcash 41
RetirementAssetAccumulation&Depletion-Investcash 43
Gift20Ktoeachdaughterfor10years 45
CashFlowOutlook-Gift20Ktoeachchildfor10yrs 46
RetirementIncome&Expenses-Gift20Ktoeachchildfor10yrs 49
RetirementAssetAccumulation&Depletion-Gift20Ktoeachchildfor10yrs 51
RecommendationandActionPlan 53
Recommendations 54
Disclaimer 56
DeliveryAcknowledgement 57
ObjectivesFor:Mr.andMrs.
RetirementGoal
Concernsandobjectives:
• Purchaseacondoforinvestmentandaspotentialfutureresidence• Assisttwodaughters,ifneeded• Retirecomfortablyatage65.
Overthecourseofyourfinancialplanningprocess,wewillhelpyouassessyourfinancialpictureasweknowittoday.Withtheinclusionofsomeimportantassumptions,wewillhelpyouforecastwhatyourfuturewilllooklikeintermsoftheamountthatyoucanspendthroughoutyourretirement.Wewillalsoassesshowtooptimizeyourretirementcashflowsuchthatyoureduceyourincometaxobligation.
Theplanningprocessisdynamicinnature.Afinancialplanthatwecreatetogethernow,willnotnecessarilybeanaccuratereflectionofyourfuturefinancialpicture. Thereasonisbecausealotwillchangeoverthecourseofyourlives.Wecannotpredictthefuture,butwhatwecandoisexamineyouroptionsasweknowthemtodayandadjustyourplanasyouprogressthroughyourlives.
Ourgoalnowistoexamineyourcurrentfinancialpicture. Wewillwalkthroughtheassumptionsthatwehaveincludedinourprojections.Basedontheresults,wewilltalkaboutwhatispossibleforyourlongertermfuture.Assumptions:
• Lifeexpectancyof90.• Retireat65.• PrincipalResidencevaluedat$800,000(indexedat3%).• Vehiclecurrently$30K(purchasedin2016) Keepvehiclesfor13years.
o Carmaintenanceexpensesincreasefrom$600/yearto$1500/yearafteryear7anduntilyoureplacethevehicle.
§ Newpurchasevehicle2029(today's30Kwillbe$44,056)• Investments@4%andcash(aswellasCIBCGICjoint)at0.65%.Mrs.RRSPmainlyGIC's.Usedan
average2.75%forMrs.RRSPinsteadof4%.• IncomeMr.: Salaryandbonusindexedat1.5%,bonus• CNPensionMr.: Payableat(65)$2,519.27permonthwitha55%survivorbenefit.0%indexed• IncomeMr.: Salaryandbonusindexedat1.5%
Objectives
Employer(ER)contributestoanRRSPSavingsstrategypermonthtomatchemployee(EE)contributionasfollows:
o ERis$202o EEis$202
• PensionMr.:UnileverCanadaPension.Youareunsureastowhichoptionselected.FormodellingpurposesweillustrateOption1whichis$724.13/monthindexedwith60%survivorbenefit.
• Alllifestyleexpensesindexedat3%.• LifeInsurance:
o Mrs.groupinsuranceis1.5timessalaryo Mr.Term10LondonLifeK080477T $250,000premium$542.50($542.5/12=$45.2083)till
yearJune282020(age63)then$4105peryear.o Mr.hasaLifePremiumsto65participatingpolicydatedNovember201957. Facevalue
$2,700,cashvalue$5,861.o Mr.hasaJubileewholelifeparticipatingpolicywithcoverageof$150K.o Mr.hasagroupinsurancefromInfrastructureOntario.Thebenefitis$158000.
• STDandLTD(shortandlongtermdisability):o ForMr.zerocost,$8726/monthmaximum.Sothe$8726istaxableifpaidout.o ForMrs.STDzerocost,100%salaryfor30weeks.Taxablebenefitifpaidout.o ForMrs.LTDzerocost,60%salaryindefinitely.Askedforthedocument.
• Secondarypropertydetails:Youhadmentionedthatyoumightconsiderpurchasingacondoforinvestmentandaspotentialfutureresidencewhenyoudownsize. Theprice$500-600,000.Youareintendingtorentforapprox.$1500toyourdaughterandusethatrenttocarryamortgageofapprox.$320,000.Balanceofpurchasepricewouldbepaidincashfromsavings. Estimatedadditionalcarryingcostsofapprox.$1,000permonth(maintenancefee+realtytaxes).
o WeassumedpurchaseinAugust2016(becausethat'swhenaGICmatures).Includedlegalandtaxcosts.
o Createdassetof$600Kthisyear(Aug2016)includingclosingcosts(legalandtax).Indexedat3%o Mortgageof$320,000,payment1500/month.Interest4%.Bringintocashflow. Used$1521as
itpaysthemortgagein30yrs.o Necessarytouse$210Kcashtoclosetheproperty.
Overallresults:
Currentscenario:
• Aboveassumptions.• Mr.andMrs.retireatage65.• TFSA:
o Mr.annualsavingsstrategyof$5500/yrtilldeatho StartedMrs.onaTFSA.Initialcatchup$50Kin2017o Mrs.annualsavingstrategyof$5500/yrtilldeath(startingin2018)
• Allsurplusesfromcashflowareinvested.
Investcash:
• Sameascurrentscenariobutallinvestmentsarenowearning4%exceptforMrs.RRSPandfutureTFSA. KeptthoseatGICrateaverageof2.75%.
• Weightedaveragereturnofoverallportfolio3.72%
Mrs.retiresearly:
• Builtontopoftheinvestcashscenario.• Mrs.retiresat62insteadof65.• Mrs.willstartUnileverPensionatage65.• CPPandOASstillat65.
Gift20Ktoeachdaughterfor10years:
• BuiltontopofMrs.retiresearly.• WhenMrs.retiresgift20Keachyeartobothdaughters.
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Plan Analysis Synopsis Plan – Mrs. retires at age 62 - Proposed #2 (2016)
General Information
Detail Mr. Mrs. Birth Date Oct 1 1956 Aug 13 1955 Proposed Retirement Date Oct 2021 Aug 2017 Life Expectancy Dec 2046 Dec 2045 CPP/QPP Benefits Start On Nov 2021 Sep 2020 OAS Benefits Start On Nov 2021 Sep 2020 OAS Deferred Benefit Bonus 0.0% 0.0% Qualify for % of Max. CPP/QPP Benefits 100% 97% Qualify for % of OAS Benefits 100% 100% Earned Income (2015) $198,116 $62,559 Pension Adjustment (2015) $15,704 $0 Unused RRSP Deduction Room $8,622 $11,260
Tax Options The option “Joint Election to Split Pension Income” was selected. By selecting this option both clients have agreed to split their pension income for tax purposes.
Assumptions
Detail Income Tax Method Detailed Tax Inflation Rate 3.00% Marital Status – Mr. Married Marital Status – Mrs. Married
Estate Assumptions
Detail Gary Diane Is there a will? Yes - Revised: Jun 23 Yes - Revised: Jun 23
2015 2015 Where are the wills kept? SafetyDepositbox
Dependents
Name
Birth Date
Age as of Plan
Date
Dependant Of #1 Sep 11 1990 25 #2 Jul 16 1993 22
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Family Information
Dependants
Professional Advisors
Type Name Business Phone # Cell Phone # Advisor Rona Birenbaum (416) 363-8500
Date of Birth Oct 1 1956
Address
Date of Birth Aug 13 1955
Address
Client Name Mr.
Gender
Citizenship Canada
Name Mrs.
Gender Female
Citizenship Canada
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Regular Income
Income Source Member Applicable Amount Indexed Salary Mr. Jan 1 2016 to Sep 30 2021 $16,510/mo Inflation Salary Mrs. Jan 1 2016 to Jul 31 2017 $5,213/mo Inflation1
RRSP ER contrib Mrs. Jan 1 2016 to Jul 31 2017 $202/mo No Taxable Benefits (LI and AD&D)
Mr. Jan 1 2016 to Sep 30 2021 $87/mo No
Taxable Benefits (LI) Mrs. Jan 1 2016 to Jul 31 2017 $45/mo No 1 Indexed annually by inflation + -1.5%
Defined Benefit Pension Plans - Estimate Benefit
Description: CN Pension Annual Benefit: $30,231 Plan Owner: Mr. Indexed By: 3.00% Pct. Payable to Survivor: 55.00%
Unilever Canada
Pension
$8,690 Description: Annual Benefit: Plan Owner: Mrs. Indexed By: 1.50% Pct. Payable to Survivor: 60.00%
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Regular Expenses
Expense
Member
Applicable
Amount Indexed
Fixed
Expense Housing (e.g. utilities, repairs)
Joint Jan 1 2016 to Jul 1 2017 $1,031/mo Inflation Yes
Food Joint Jan 1 2016 to Jul 1 2017 $1,100/mo Inflation Yes Transportation (e.g. gas, insurance)
Joint Jan 1 2016 to Jul 1 2017 $683/mo Inflation Yes
Entertainment (e.g. restaurants, movies)
Joint Jan 1 2016 to Jul 1 2017 $880/mo Inflation No
Personal (e.g. clothing, hobbies)
Joint Jan 1 2016 to Jul 1 2017 $1,315/mo Inflation No
Other (e.g. travel) Joint Jan 1 2016 to Jul 1 2017 $1,000/mo Inflation No Charitable Donations - Fixed
Joint Jan 1 2016 to Jul 1 2017 $120/mo Inflation Yes
Lifestyle Expense Joint Jan 1 2016 to Jul 1 2017 $247/mo Inflation No Medical Joint Jan 1 2016 to Jul 1 2017 $60/mo Inflation Yes Union/Professional Dues Joint Jan 1 2016 to Dec 31 2046 $50/mo Inflation Yes Pet care Joint Jan 1 2016 to Jul 1 2017 $75/mo Inflation Yes Maintenance Car Yr 2016 Joint Jan 1 2022 to Dec 31 2028 $75/mo Inflation Yes Maintenance Car Yr 2029 Joint Jan 1 2036 to Dec 31 2041 $75/mo Inflation Yes Housing (e.g. utilities, repairs)
Joint Aug 1 2017 to Dec 31 2046 $1,031/mo Inflation Yes
Food Joint Aug 1 2017 to Dec 31 2046 $1,100/mo Inflation Yes Transportation (e.g. gas, insurance)
Joint Aug 1 2017 to Dec 31 2046 $683/mo Inflation Yes
Entertainment (e.g. restaurants, movies)
Joint Aug 1 2017 to Dec 31 2046 $880/mo Inflation No
Personal (e.g. clothing, hobbies)
Joint Aug 1 2017 to Dec 31 2046 $1,315/mo Inflation No
Other (e.g. travel) Joint Aug 1 2017 to Dec 31 2046 $1,000/mo Inflation No Charitable Donations - Fixed
Joint Aug 1 2017 to Dec 31 2046 $120/mo Inflation Yes
Lifestyle Expense Joint Aug 1 2017 to Dec 31 2046 $247/mo Inflation No Medical Joint Aug 1 2017 to Dec 31 2046 $60/mo Inflation Yes Pet care Joint Aug 1 2017 to Dec 31 2046 $75/mo Inflation Yes
Lifestyle Assets
Asset Name: Vehicle Asset Type: Personal Use Property Sale Date: Jan 1 2029 Owner: Joint Direct After Tax Proceeds To: Cash Flow Purchase Date: Dec 31 2015 Projected Value as of Sale Dates: Purchase Amount: $30,000 Before Tax: $1,752 Market Value: $30,000 After Tax: $1,493 Valuation Date: Apr 27 2016 Growth Rate:1 -20.00% Standard Deviation: -20.00%
1The growth rate is a pre-tax amount
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Asset Name: Principal Residence Asset Type: Principal Residence Sale Date: N/A Owner: Joint Direct After Tax Proceeds To: N/A Purchase Date: Dec 31 2015 Projected Value as of Sale Dates: Purchase Amount: $800,000 Before Tax: N/A Market Value: $800,000 After Tax: N/A Valuation Date: Apr 21 2016 Growth Rate:1 3.00% Standard Deviation: 0.00%
1The growth rate is a pre-tax amount
Real Estate Assets
Asset Name
Purchase Date
Purchase
Amount Market
Value Date Market Value Growth Net Rental
Rate Income Real Estate (Joint) Aug 1 2016 $600,000 Sep 1 2016 $600,000 3.00% $500
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Asset Name Goal
Market Value
Cap. Def. Std. Annual Market
Value Cost Int. Div. Gain Growth Dev. Total Account Income Base (%) (%) (%) (%) (%) (%) Fee (%) Reinvested
Portfolio Assets
Life Insurance Proceeds (Joint/Non-Reg.)
Retirement Jan 1 2016
$0 $0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Yes
Cash (Joint/Non- Retirement Apr 21 $44,000 $44,000 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes Reg.) 2016 Investment Retirement Apr 21 $130,810 $20,328 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes (Mr./Non-Reg.) 2016 Non Registered Retirement Apr 21 $594,809 $594,809 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes GIC (Joint/Non- 2016 Reg.) Retirement Fund Retirement Jan 1 $0 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes (Joint/Non-Reg.) 2016 GWL DCPP Retirement Apr 21 $286,724 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes
(Mr./RPP - 2016 money purchase) RRSP Mrs. Retirement Apr 21 $374,128 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes 2016 RRSP Mr. Retirement Apr 21 $253,157 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes 2016 Retirement Fund Retirement Jan 1 $0 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes (Mr./RRSP) 2016 Retirement Fund Retirement Jan 1 $0 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes (Mrs./RRSP) 2016 Retirement Fund Retirement Jan 1 $0 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes (Mrs./RRSP - 2016 Spousal) Retirement Fund Retirement Jan 1 $0 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes (Mr./RRSP - 2016 Spousal) TFSA Mrs. Retirement Apr 21 $0 $0 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes 2016 TFSA Mr. Retirement Apr 21 $51,033 $51,033 1.38 0.78 0.78 0.78 0.00 3.72 0.00 Yes 2016
The Portfolio Assets table includes your major investment assets. It supplies the market value and cost basis of these assets. Your total pretax growth rate is broken down into specific return rate types, as some of these items receive special tax treatment. Interest is taxed as ordinary income at the marginal tax rate. Dividends receive preferential tax treatment, while one-half the capital gains are taxed at the marginal tax rate. Income from the deferred growth component is not subject to tax until the asset is sold and is usually taxed as a capital gain. The actual total return rates that you will receive will depend on many factors, including inflation, type of investment, market conditions and investment performance.
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Life Insurance Policies
Policy Type: Term 10 Life Owner: Mrs.
Insured: Mrs. Death Benefit: $92,000 Beneficiary: Mr. Cash Surrender Value (CSV): $0 Premium Payer: Mrs. Premiums Cease On: Aug 13 2020 Annual Premium $0
Payments: CSV Payable With Death
Benefit: No Coverage Ceases On: Aug 13 2020
Disability Waiver: No
Policy Type: Term 10 Life Owner: Mr. Insured: Mr.
Death Benefit: $158,000 Beneficiary: Mrs. Cash Surrender Value (CSV): $0 Premium Payer: Mr. Premiums Cease On: Oct 1 2021 Annual Premium $0
Payments: CSV Payable With Death
Benefit: No Coverage Ceases On: Never
Disability Waiver: No
Policy Type: Term 10 Life Owner: Mr. Insured: Mr.
Death Benefit: $250,000 Beneficiary: Mrs. Cash Surrender Value (CSV): $0 Premium Payer: Mr. Premiums Cease On: Jun 28 2020 Annual Premium
Payments: $540
CSV Payable With Death
Benefit: No Coverage Ceases On: Jun 28 2020
Disability Waiver: No
Policy Type: Permanent Life Owner: Mr. Insured: Mr.
Death Benefit: $2,700 Beneficiary: Other Cash Surrender Value (CSV): $5,861 Premium Payer: Mr. Premiums Cease On: Never Annual Premium
Payments: $24
CSV Payable With Death
Benefit: Yes Coverage Ceases On: Never
Disability Waiver: No
Group Life Insurance
Group Life Insurance
London Life
London Life
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Policy Type: Permanent Life Owner: Mr.
Insured: Mr. Death Benefit: $150,000 Beneficiary: Mrs. Cash Surrender Value (CSV): $33,680 Premium Payer: Mr. Premiums Cease On: Never Annual Premium
Payments: $672
CSV Payable With Death
Benefit: No Coverage Ceases On: Never
Disability Waiver: No
Disability Insurance Policies
Description: Group STD Policy Type: Group STD Insured:
Effective Date: Mrs. Dec 31 2015
Company: Owner: Mrs. Policy #: Premium Payer: Mrs.
Benefits are 100% of salary (tax-free). Benefits begin after 2 weeks and are paid until 30 weeks. Premiums are $0/month and end on Jul 31 2017.
Description: Group LTD Policy Type: Group LTD Insured:
Effective Date: Mr. Dec 31 2015
Company: Owner: Mr. Policy #: Premium Payer: Mr.
Benefits are $8,726/month (taxable). Benefits begin after 3 months and are paid until age 65. Premiums are $0/month and end on Sep 30 2021.
Description: Group LTD Policy Type: Group LTD Insured:
Effective Date: Mrs. Dec 31 2015
Company: Owner: Mrs. Policy #: Premium Payer: Mrs.
Benefits are 60% of salary (taxable). Benefits begin after 3 months and are paid until age 65. Premiums are $0/month and end on Jul 31 2017.
Liabilities
Liability Name
Liability Date
Original Current
End Date Principal Principal Int.
Rate
Payment Type Linked to Asset Mortgage Aug 1 2016 Jul 31 2046 $320,000 $320,000 4.000% Principal & Interest Real Estate
Permanent Life
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Regular Savings Strategies
Asset Name Applicable Amount Indexed RRSP Mrs. Jan 1 2016 to Jul 31 2017 $405/month 0.0% TFSA Mr. Jan 1 2016 to Dec 31 2046 $458/month 0.0% GWL DCPP (Mr./RPP - money purchase) Jan 1 2016 to Sep 30 2021
Employee Contribution $0/month 0.0% Employer Contribution (5.00% of Salary) $825/month N/A1
GWL DCPP (Mr./RPP - money purchase) (2.50% of Salary)
Jan 1 2016 to Sep 30 2021
Employee Contribution (2.50% of Salary) $413/month N/A1
Employer Contribution (2.50% of Salary) $413/month N/A1
TFSA Mrs. Jan 1 2018 to Dec 31 2045 $458/month 0.0% 1 Indexing occurs if the salaries used in the calculations have been indexed.
The table above includes all your periodic (annual or monthly) investment contributions.
Lump-Sum Savings Strategies
Asset Name Applicable Amount Indexed TFSA Mrs. Jan 1 2017 $50,000 0.0%
Lump sum savings represent planned savings that occur on a one time basis. Any lump sum savings planned for future years that are indexed by inflation will be increased accordingly - refer to your Action Plan in the appropriate years for the estimated savings amounts that will be required.
Lump-Sum Asset Redemption Strategies
Asset Name Applicable Amount Indexed Non Registered GIC (Joint/Non-Reg.) Aug 1 2016 $210,000 No
Lump sum redemptions represent redemptions of your assets that do not occur on a regularly scheduled basis but rather occur on an as-needed basis. Any redemptions planned for future years that are indexed by inflation will be increased accordingly - refer to your Action Plan to view the amounts to be transferred for the next three years.
RRSP Maximizer Savings Strategies
Asset Name
Applicable
Constrained by
Cash Flow Time of
Year RRSP Mr. Jan 1 2016 to Sep 1 2021 Yes January RRSP Mrs. Jan 1 2016 to Jul 1 2017 Yes January
The maximum allowable RRSP contribution for a particular taxpayer in a particular year depends on factors such as earned income for the prior year, pension adjustments and any RRSP carryforward room that the taxpayer has available. Even with the regular RRSP contributions under your regular savings strategy, there is room for additional contributions.
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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The RRSP maximizer strategies listed above will project the maximum contributions you can make on an annual basis, based on the assumptions in this plan. If the constrained by cash flow option is YES then the recommended contributions will take into consideration whether your available cash flow in each year is sufficient to fund the maximum contributions you are allowed to make.
Surplus Savings Strategies (Regular Cash Flow)
Asset Name Applicable % of Surplus Non Registered GIC (Joint/Non-Reg.) Jan 1 2016 to Dec 31 2046 100.00%
You may still have surplus cash available for investment, after having established a regular savings program and/or maximized your RRSP contributions. Surplus savings strategies specify how unallocated surplus cash is to be invested each year. Unallocated surplus cash may change from year to year based on changes in your incomes and expenses. Your Action Plan will provide the estimated savings on a yearly basis for these savings strategies.
The surplus savings strategies assume that you will invest surplus cash and not spend it on current needs or desires. Be sure to review your plan annually with your financial advisor to determine if these investments are occurring according to plan. If not, your plan should be revised and new projections should be prepared to reflect a realistic savings strategy.
Transfer Strategies
Source Asset Destination Asset Amount When Group Life Insurance Life Insurance Proceeds 100% Upon Death
Transfers specify a plan for moving your investments from one type of asset to another on specific dates or events such as retirement. Also, transfers will be desirable in some cases to move from one type of investment to another type at a certain point in time. Refer to your Action Plan for the years in which transfers are scheduled to view the amounts to be transferred.
Deficit Coverage Order for Pre-Retirement
Description Account Type Owner Cash Non-Registered Joint Non Registered GIC Non-Registered Joint Investment Non-Registered Gary
The assets listed are available and will be redeemed in the order they appear to meet cash flow needs during the pre-retirement period. Order: Non-Registered.
Important: The calculations or other information generated by NaviPlan® version 16.0 regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. These calculations are shown for illustrative purposes only because they utilize return data that may not include fees or operating expenses, and are not available for investment. If included, fees and other operating expenses would materially reduce these calculations.
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Liquidation Order During Retirement
Asset Name Account Type Owner Applicable Non Registered GIC Non-Registered Joint Aug 1 2017 to Dec 31 2046 Cash Non-Registered Joint Aug 1 2017 to Dec 31 2046 Investment Non-Registered Mr. Oct 1 2021 to Dec 31 2046 TFSA Mrs. TFSA Mrs. Aug 1 2017 to Dec 31 2046 TFSA Mr. TFSA Mr. Oct 1 2021 to Dec 31 2046 RRSP Mr. RRSP Mr. Oct 1 2021 to Dec 31 2046 GWL DCPP RPP - money purchase Mr. Oct 1 2021 to Dec 31 2046
RRSP Mrs. RRSP Mrs. Aug 1 2017 to Dec 31 2046
The assets listed are available, and will be liquidated in the order they appear, for redemption to meet cash flow needs during the retirement period.
No assets have been set aside to cover the emergency expense.
RetirementGoalCoverage
Assumptions CurrentPlan Mrs.retiresat62 Investcash Gift20Ktoeachchildfor10yrs
RetirementAge Mr./Mrs. 65(2021)/65(2020) 65(2021)/62(2017) 65(2021)/65(2020) 65(2021)/62(2017)
LifeExpectancy Mr./Mrs. 90(2046)/90(2045) 90(2046)/90(2045) 90(2046)/90(2045) 90(2046)/90(2045)InflationRate 3.00% 3.00% 3.00% 3.00%1stYearRetirementNeeds* $128,847 $128,847 $128,847 $128,847AssetsFundingRetirement $1,734,661 $1,734,661 $1,734,661 $1,734,661CurrentMonthlySavings $2,514 $2,514 $2,514 $2,514Non-Reg.AdditionalMonthlySavings $0 $0 $0 $0SavingsStartDate(Index) 2016/05/01(0.00%) 2016/05/01(0.00%) 2016/05/01(0.00%) 2016/05/01(0.00%)
Reg.AdditionalMonthlySavings SavingsStartDate(Index) 2016/05/01(0.00%) 2016/05/01(0.00%) 2016/05/01(0.00%) 2016/05/01(0.00%)RRSP $0/$0 $0/$0 $0/$0 $0/$0RRSPSpousal $0/$0 $0/$0 $0/$0 $0/$0TFSA $0/$0 $0/$0 $0/$0 $0/$0
AdditionalLumpSumSavings $0 $0 $0 $0SavingsDate 2016/05/01 2016/05/01 2016/05/01 2016/05/01
Pre-RetirementRateofReturn 2.50% 3.72% 3.72% 3.72%RetirementRateofReturn 2.50% 3.72% 3.72% 3.72%
PlanOverview
NetWorthatRetirement $3,478,588 $2,894,133 $3,547,806 $2,894,133NetWorthatPlanEnd $5,746,875 $6,145,597 $6,498,387 $5,121,114YearofFirstShortfall -- -- -- --
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.*=Today'sDollars
STRONGPARTIAL
INSUFFICIENT
Thisreportshowsprogresstowardstheretirementgoal.Thatis,yourabilitytocoverexpenses,paytaxes,andmaintaindiscretionaryspendingduringyourretirement.Thecharttotherightcomparesyourcurrentsituationtotheproposedscenario.
RETIREMENTGOALCOVERAGECurrent-100% Mrs.ret.62100%
Thetablebelowcontainsacomparisonofassumptions,needs,andothergoalsinboththecurrentsituationandinallothersituations.
100%
RetirementCapitalComparison
Thisreportdisplayschangestothevalueofyourretirementassetsoveryourretirement.Theseassetsincludeallregisteredandnon-registeredassetsallocatedtofundyourretirementgoals.Thisreportalsodisplaysthedateformajoreventsintheplantohelpbettershowhowtheseeventsaffectthevalueofretirementassets.Note:Thevaluesforretirementassetsshowninthisreportareyearendvalues.
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
CurrentPlanNon-RegisteredGWBs
$3,000,000
RegisteredGWBsRetirementWithdrawalRatefor2021-0.0%
Non-RegisteredAssets RegisteredAssets
$500,000
Mrs.retiresat62Plan
Non-RegisteredGWBs
$3,000,000
RegisteredGWBsRetirementWithdrawalRatefor2018-0.0%
Non-RegisteredAssets RegisteredAssets
$500,000
RetirementCapitalComparisonContinued
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
InvestcashNon-RegisteredAssets
$3,000,000
RetirementWithdrawalRatefor2021-0.0%RegisteredAssets
$500,000
Gift20Ktoeachchildfor10yrs RetirementWithdrawalRatefor2018-0.0%
Non-RegisteredAssets RegisteredAssets
$500,000
$0
CurrentPlan
CashFlowOutlookCurrentPlan
Thisreportprojectsdetailedcashflowinformationoverthenextfiveyears.Cashinflowsandoutflowsarecategorizedbysourceandsummarizedasaggregatetotals.Thisprovidesanoverviewofyourcashflowprojections.
Year 201660/61
201761/62
201862/63
201963/64
202064/65*Age
CashInflows
EarnedIncome
Salary $198,116 $204,059 $210,181 $216,487 $222,981
Salary $62,559 $63,497 $64,450 $65,417 $38,732
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
TaxableBenefits(LI) $543 $543 $543 $543 $317
Total $262,261 $269,143 $276,217 $283,489 $263,073CPP/QPP&OAS
OAS $0 $0 $0 $0 $2,569
CPP/QPP $0 $0 $0 $0 $4,696
Total $0 $0 $0 $0 $7,264Pensions
UnileverCanadaPension $0 $0 $0 $0 $3,843
Total $0 $0 $0 $0 $3,843Non-RegisteredProceeds
NonRegisteredGIC $210,000 $0 $0 $0 $0
Total $210,000 $0 $0 $0 $0InvestmentIncome
RealEstate $6,000 $18,000 $18,000 $18,000 $18,000
Cash $215 $287 $289 $291 $293
Investment $2,943 $4,042 $4,204 $4,372 $4,547
NonRegisteredGIC $1,878 $2,530 $2,608 $2,884 $3,292
Total $11,036 $24,860 $25,101 $25,547 $26,132MiscellaneousIncome
RRSPERcontrib $2,427 $2,427 $2,427 $2,427 $1,416
Mortgage $320,000 $0 $0 $0 $0
Total $322,427 $2,427 $2,427 $2,427 $1,416
TotalCashInflows $805,724 $296,430 $303,745 $311,463 $301,728
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year 201660/61
201761/62
201862/63
201963/64
202064/65*Age
CashOutflows
LifestyleExpenses
Housing(e.g.utilities,repairs) $12,372 $12,743 $13,125 $13,519 $13,925
Food $13,200 $13,596 $14,004 $14,424 $14,857
Transportation(e.g.gas,insura... $8,196 $8,442 $8,695 $8,956 $9,225
Petcare $900 $927 $955 $983 $1,013
Mortgage $7,608 $18,260 $18,260 $18,260 $18,260
Entertainment(e.g.restaurants... $10,560 $10,877 $11,203 $11,539 $11,885
Personal(e.g.clothing,hobbies) $15,780 $16,253 $16,741 $17,243 $17,761
Other(e.g.travel) $12,000 $12,360 $12,731 $13,113 $13,506
LifestyleExpense $2,964 $3,053 $3,145 $3,239 $3,336
Total $83,580 $96,511 $98,859 $101,277 $103,767MedicalExpenses
Medical $720 $742 $764 $787 $810
Total $720 $742 $764 $787 $810RegisteredContributions
RRSPMr. $4,512 $19,359 $7,000 $6,576 $6,773
RRSPMrs. $4,860 $4,860 $35,381 $11,544 $11,716
TFSAMr. $5,496 $5,496 $5,496 $5,496 $5,496
GWLDCPP $4,953 $5,101 $5,255 $5,412 $5,575
TFSAMrs. $0 $50,000 $5,496 $5,496 $5,496
Total $19,821 $84,816 $58,627 $34,524 $35,056Non-RegisteredContributions
RealEstate $600,000 $0 $0 $0 $0
Total $600,000 $0 $0 $0 $0Non-RegisteredSavings
Cash $215 $287 $289 $291 $293
Investment $2,943 $4,042 $4,204 $4,372 $4,547
NonRegisteredGIC $1,878 $2,530 $2,608 $2,884 $3,292
Total $5,036 $6,860 $7,101 $7,547 $8,132EmploymentExpenses
CPP/QPPContributions-Empl... $5,089 $5,252 $5,420 $5,593 $4,645
EIPremiums $1,910 $1,967 $2,026 $2,087 $1,809
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year 201660/61
201761/62
201862/63
201963/64
202064/65*Age
TaxableBenefits(LI) $543 $543 $543 $543 $317
Union/ProfessionalDues $600 $618 $637 $656 $675
Total $9,185 $9,423 $9,669 $9,921 $8,489InvestmentExpenses
RealEstate $4,000 $12,000 $12,000 $12,000 $12,000
Total $4,000 $12,000 $12,000 $12,000 $12,000MiscellaneousExpenses
CharitableDonations-Fixed $1,440 $1,483 $1,528 $1,574 $1,621
LondonLife $540 $540 $540 $540 $225
PermanentLife $672 $672 $672 $672 $672
LondonLife $24 $24 $24 $24 $24
Total $2,676 $2,719 $2,764 $2,810 $2,542Taxes
FederalIncomeTax $49,170 $46,446 $45,942 $51,593 $48,651
ProvincialIncomeTax $29,371 $27,498 $28,156 $31,132 $30,189
Total $78,541 $73,944 $74,098 $82,725 $78,840
SurplusOutflows
NonRegisteredGIC $2,165 $9,415 $39,864 $59,874 $52,092
Total $2,165 $9,415 $39,864 $59,874 $52,092
TotalCashOutflows $805,724 $296,430 $303,745 $311,463 $301,728
Surplus/(Deficit) $0 $0 $0 $0 $0
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RetirementIncome&ExpensesCurrentPlan
Thisreportshowsyourannualcashflowduringtheretirementperiod,fortheselectedscenario.Positivecashflowvaluesareshowninboldwhereasnegativevaluesareshowninredandinparentheses.Usethisreporttoshowdetailedcashflowinformationandtherebydemonstratetheunderlyingnumbersthatcomprisetheyear-over-yearcashflowgraphs.
Year Age CPP/QPP&OAS DefinedBenefitPension
EarnedIncome Minimums Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2020 64/65* $7,264 $3,843 $263,073 $0 $18,000 $1,416 $195,016 $241,504 -
2021 *65/66 $26,271 $16,919 $173,035 $0 $18,000 $0 $159,060 $206,942 -
2022 66/67 $46,756 $39,733 $0 $0 $60,366 $0 $97,535 $146,854 -
2023 67/68 $48,158 $39,876 $0 $0 $61,625 $0 $98,860 $149,659 -
2024 68/69 $49,603 $40,020 $0 $0 $63,223 $0 $100,524 $152,847 -
2025 69/70 $51,091 $40,167 $0 $0 $64,561 $0 $101,927 $155,819 -
2026 70/71 $52,624 $40,316 $0 $0 $65,940 $0 $103,370 $158,880 -
2027 71/72 $54,202 $40,467 $0 $60,814 $24,867 $0 $123,177 $180,351 -
2028 72/73 $55,829 $40,621 $0 $86,800 $18,000 $0 $133,026 $191,916 -
2029 73/74 $57,503 $40,777 $0 $87,155 $51,163 $1,752 $177,694 $238,350 -
2030 74/75 $59,228 $40,935 $0 $87,514 $18,000 $0 $134,911 $197,387 -
2031 75/76 $61,005 $41,096 $0 $87,859 $18,000 $0 $136,594 $200,944 -
2032 76/77 $62,836 $41,258 $0 $88,171 $18,000 $0 $138,299 $204,580 -
2033 77/78 $64,720 $41,424 $0 $88,531 $18,000 $0 $140,064 $208,334 -
2034 78/79 $66,662 $41,592 $0 $88,952 $18,000 $0 $141,896 $212,213 -
2035 79/80 $68,662 $41,762 $0 $89,255 $18,000 $0 $143,736 $216,162 -
2036 80/81 $70,722 $41,935 $0 $89,648 $19,573 $0 $147,279 $221,878 -
2037 81/82 $72,844 $42,111 $0 $89,988 $21,320 $0 $149,426 $226,263 -
2038 82/83 $75,029 $42,289 $0 $90,316 $23,146 $0 $151,637 $230,780 -
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year Age CPP/QPP&OAS DefinedBenefitPension
EarnedIncome Minimums Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2039 83/84 $77,280 $42,470 $0 $90,702 $24,987 $0 $153,921 $235,438 -
2040 84/85 $79,598 $42,653 $0 $91,024 $26,927 $0 $156,240 $240,203 -
2041 85/86 $81,986 $42,840 $0 $91,357 $28,917 $0 $158,618 $245,100 -
2042 86/87 $84,446 $43,029 $0 $91,712 $91,285 $2,422 $223,818 $312,894 -
2043 87/88 $86,979 $43,221 $0 $91,984 $30,980 $0 $161,415 $253,163 -
2044 88/89 $89,588 $43,416 $0 $92,294 $33,123 $0 $163,920 $258,421 -
2045 89/90 $94,776 $43,613 $0 $92,617 $33,644 $0 $167,315 $264,651 -
2046 90/- $50,547 $38,381 $0 $90,685 $81,825 $0 $161,182 $261,438 -
*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RetirementAssetAccumulation&DepletionCurrentPlan
Thisreportdisplaysayearlysummaryofchangestothevalueofretirementassetsfortheselectedscenario.Additionally,allother(non-retirement)assetsareshownintheEOYOtherAssetscolumninordertoshowthepotentialforadditionalabilitytocoverspendingneeds.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOtherReinvestments Rate Assets
2016 60/61 $1,734,661 $20,217 $36,845 $210,000 10.0% $1,581,723 $1,488,938
2017 61/62 $1,581,723 $46,707 $109,535 $0 0.0% $1,737,965 $1,526,555
2018 62/63 $1,737,965 $50,775 $114,255 $0 0.0% $1,902,995 $1,566,473
2019 63/64 $1,902,995 $54,606 $110,634 $0 0.0% $2,068,235 $1,608,527
2020 64/65* $2,068,235 $58,781 $103,872 $0 0.0% $2,230,887 $1,652,594
2021 *65/66 $2,230,887 $62,699 $62,477 $0 0.0% $2,356,063 $1,698,583
2022 66/67 $2,356,063 $65,658 $10,992 $42,366 1.3% $2,390,347 $1,746,433
2023 67/68 $2,390,347 $67,871 $10,992 $43,625 1.4% $2,425,585 $1,796,102
2024 68/69 $2,425,585 $70,163 $10,992 $45,223 1.4% $2,461,517 $1,847,569
2025 69/70 $2,461,517 $72,535 $10,992 $46,561 1.4% $2,498,483 $1,900,826
2026 70/71 $2,498,483 $74,991 $10,992 $47,940 1.5% $2,536,526 $1,955,877
2027 71/72 $2,536,526 $76,430 $10,992 $67,681 2.2% $2,556,267 $2,012,738
2028 72/73 $2,556,267 $76,738 $20,325 $86,800 2.6% $2,566,531 $2,071,430
2029 73/74 $2,566,531 $76,808 $10,992 $120,318 4.3% $2,534,014 $2,165,826
2030 74/75 $2,534,014 $76,405 $19,283 $87,514 2.7% $2,542,188 $2,221,509
2031 75/76 $2,542,188 $76,431 $18,007 $87,859 2.7% $2,548,768 $2,280,483
2032 76/77 $2,548,768 $76,434 $16,677 $88,171 2.8% $2,553,708 $2,342,523
2033 77/78 $2,553,708 $76,414 $15,334 $88,531 2.9% $2,556,925 $2,407,462
2034 78/79 $2,556,925 $76,367 $13,985 $88,952 2.9% $2,558,325 $2,475,179
2035 79/80 $2,558,325 $76,295 $12,509 $89,255 3.0% $2,557,874 $2,545,592
2036 80/81 $2,557,874 $76,195 $10,992 $91,221 3.1% $2,553,840 $2,618,648
2037 81/82 $2,553,840 $76,056 $10,992 $93,309 3.2% $2,547,580 $2,694,322
2038 82/83 $2,547,580 $75,884 $10,992 $95,462 3.3% $2,538,993 $2,772,605
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOtherReinvestments Rate Assets
2039 83/84 $2,538,993 $75,618 $10,992 $97,689 3.4% $2,527,914 $2,853,509
2040 84/85 $2,527,914 $75,254 $10,992 $99,951 3.5% $2,514,209 $2,937,058
2041 85/86 $2,514,209 $74,785 $10,992 $102,274 3.6% $2,497,713 $3,023,287
2042 86/87 $2,497,713 $74,205 $10,992 $164,997 6.2% $2,417,913 $3,162,062
2043 87/88 $2,417,913 $73,167 $10,992 $104,964 3.9% $2,397,108 $3,243,833
2044 88/89 $2,397,108 $72,478 $10,992 $107,417 4.0% $2,373,161 $3,330,439
2045 89/90 $2,373,161 $71,733 $10,992 $108,262 4.1% $2,347,624 $3,421,547
2046 90/- $2,347,624 $70,893 $5,496 $154,510 6.3% $2,269,503 $3,477,371
1SOYdenotesstartofyear.2Includesalladditionalfundsaddedtoassetsfundingtheretirementgoal.3Includesallassetsremovedfromtheassetsfundingtheretirementgoal.4Denotesendofyearassetsallocatedtotheretirementgoal.*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Mrs.retiresat62
CashFlowOutlookMrs.retiresat62Plan
Thisreportprojectsdetailedcashflowinformationoverthenextfiveyears.Cashinflowsandoutflowsarecategorizedbysourceandsummarizedasaggregatetotals.Thisprovidesanoverviewofyourcashflowprojections.
Year 201660/61
201761/62*
201862/63
201963/64
202064/65Age Gary/Diane
CashInflows
EarnedIncome
Salary $198,116 $204,059 $210,181 $216,487 $222,981
Salary $62,559 $37,040 $0 $0 $0
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
TaxableBenefits(LI) $543 $317 $0 $0 $0
Total $262,261 $242,459 $211,224 $217,530 $224,024
CPP/QPP&OAS
OAS $0 $0 $0 $0 $2,569
CPP/QPP $0 $0 $0 $0 $4,696
Total $0 $0 $0 $0 $7,264
Pensions
UnileverCanadaPension $0 $0 $0 $0 $3,843
Total $0 $0 $0 $0 $3,843
Non-RegisteredProceeds
NonRegisteredGIC $210,000 $0 $0 $0 $0
Total $210,000 $0 $0 $0 $0
InvestmentIncome
RealEstate $6,000 $18,000 $18,000 $18,000 $18,000
Cash $970 $1,330 $1,379 $1,430 $1,484
Investment $2,884 $3,953 $4,100 $4,253 $4,411
NonRegisteredGIC $8,536 $11,734 $12,156 $12,874 $13,664
Total $18,390 $35,017 $35,636 $36,557 $37,559
MiscellaneousIncome
RRSPERcontrib $2,427 $1,416 $0 $0 $0
Mortgage $320,000 $0 $0 $0 $0
Total $322,427 $1,416 $0 $0 $0
TotalCashInflows $813,078 $278,892 $246,860 $254,087 $272,690
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year 201660/61
201761/62*
201862/63
201963/64
202064/65Age
CashOutflows
LifestyleExpenses
Housing(e.g.utilities,repairs) $12,372 $7,434 $0 $0 $0
Food $13,200 $7,931 $0 $0 $0
Transportation(e.g.gas,insura... $8,196 $4,924 $0 $0 $0
Petcare $900 $541 $0 $0 $0
Housing(e.g.utilities,repairs) $0 $5,310 $13,125 $13,519 $13,925
Food $0 $5,665 $14,004 $14,424 $14,857
Transportation(e.g.gas,insura... $0 $3,517 $8,695 $8,956 $9,225
Petcare $0 $386 $955 $983 $1,013
Mortgage $7,608 $18,260 $18,260 $18,260 $18,260
Entertainment(e.g.restaurants... $10,560 $6,345 $0 $0 $0
Personal(e.g.clothing,hobbies) $15,780 $9,481 $0 $0 $0
Other(e.g.travel) $12,000 $7,210 $0 $0 $0
LifestyleExpense $2,964 $1,781 $0 $0 $0
Entertainment(e.g.restaurants... $0 $4,532 $11,203 $11,539 $11,885
Personal(e.g.clothing,hobbies) $0 $6,772 $16,741 $17,243 $17,761
Other(e.g.travel) $0 $5,150 $12,731 $13,113 $13,506
LifestyleExpense $0 $1,272 $3,145 $3,239 $3,336
Total $83,580 $96,511 $98,859 $101,277 $103,767
MedicalExpenses
Medical $720 $433 $0 $0 $0
Medical $0 $309 $764 $787 $810
Total $720 $742 $764 $787 $810
RegisteredContributions
RRSP $1,842 $0 $18,240 $17,364 $6,773
RRSP $4,860 $2,835 $0 $0 $0
TFSA $5,496 $5,496 $5,496 $5,496 $5,496
TFSA $0 $50,000 $5,496 $5,496 $5,496
GWL $4,953 $5,101 $5,255 $5,412 $5,575
Total $17,151 $63,432 $34,486 $33,769 $23,340
Non-RegisteredContributions
RealEstate $600,000 $0 $0 $0 $0
Total $600,000 $0 $0 $0 $0
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year 201660/61
201761/62*
201862/63
201963/64
202064/65Age
Non-RegisteredSavings
Cash $970 $1,330 $1,379 $1,430 $1,484
Investment $2,884 $3,953 $4,100 $4,253 $4,411
NonRegisteredGIC $8,536 $11,253 $12,156 $12,874 $13,664
Total $12,390 $16,536 $17,636 $18,557 $19,559
EmploymentExpenses
CPP/QPPContributions-Empl... $5,089 $4,302 $2,710 $2,796 $2,885
EIPremiums $1,910 $1,686 $1,013 $1,044 $1,075
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
TaxableBenefits(LI) $543 $317 $0 $0 $0
Union/ProfessionalDues $600 $618 $637 $656 $675
Total $9,185 $7,965 $5,403 $5,539 $5,679
InvestmentExpenses
RealEstate $4,000 $12,000 $12,000 $12,000 $12,000
Total $4,000 $12,000 $12,000 $12,000 $12,000
MiscellaneousExpenses
CharitableDonations-Fixed $1,440 $865 $0 $0 $0
CharitableDonations-Fixed $0 $618 $1,528 $1,574 $1,621
LondonLife $540 $540 $540 $540 $225
PermanentLife $672 $672 $672 $672 $672
LondonLife $24 $24 $24 $24 $24
Total $2,676 $2,719 $2,764 $2,810 $2,542
Taxes
FederalIncomeTax $51,542 $49,134 $40,755 $42,430 $47,161
ProvincialIncomeTax $30,866 $29,853 $25,157 $26,347 $29,160
Total $82,409 $78,986 $65,912 $68,777 $76,321
SurplusOutflows
NonRegisteredGIC $967 $0 $9,037 $10,572 $28,673
Total $967 $0 $9,037 $10,572 $28,673
TotalCashOutflows $813,078 $278,892 $246,860 $254,087 $272,690
Surplus/(Deficit) $0 $0 $0 $0 $0
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RetirementIncome&ExpensesMrs.retiresat62Plan
Thisreportshowsyourannualcashflowduringtheretirementperiod,fortheselectedscenario.Positivecashflowvaluesareshowninboldwhereasnegativevaluesareshowninredandinparentheses.Usethisreporttoshowdetailedcashflowinformationandtherebydemonstratetheunderlyingnumbersthatcomprisetheyear-over-yearcashflowgraphs.
Year Age CPP/QPP&OAS
DefinedBenefitPension
EarnedIncome
Minimums AdditionalRegisteredProceeds
Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2017 61/62* $0 $0 $242,459 $0 $0 $18,481 $1,416 $219,813 $262,356 -
2018 62/63 $0 $0 $211,224 $0 $0 $18,000 $0 $176,368 $220,187 -
2019 63/64 $0 $0 $217,530 $0 $0 $18,000 $0 $179,823 $224,957 -
2020 64/65 $7,264 $3,843 $224,024 $0 $0 $18,000 $0 $177,971 $224,459 -
2021 *65/66 $26,271 $16,919 $173,035 $0 $0 $18,000 $0 $161,844 $209,727 -
2022 66/67 $46,756 $39,733 $0 $0 $0 $62,643 $0 $99,813 $149,132 -
2023 67/68 $48,158 $39,876 $0 $0 $0 $63,840 $0 $101,075 $151,873 -
2024 68/69 $49,603 $40,020 $0 $0 $0 $65,071 $0 $102,372 $154,694 -
2025 69/70 $51,091 $40,167 $0 $0 $0 $66,337 $0 $103,703 $157,595 -
2026 70/71 $52,624 $40,316 $0 $0 $0 $67,639 $0 $105,069 $160,578 -
2027 71/72 $54,202 $40,467 $0 $58,855 $0 $28,622 $0 $124,973 $182,147 -
2028 72/73 $55,829 $40,621 $0 $84,379 $0 $18,000 $0 $134,680 $193,569 -
2029 73/74 $57,503 $40,777 $0 $84,862 $0 $55,516 $1,752 $179,754 $240,410 -
2030 74/75 $59,228 $40,935 $0 $85,346 $0 $18,000 $0 $136,747 $199,223 -
2031 75/76 $61,005 $41,096 $0 $85,815 $0 $18,000 $0 $138,613 $202,963 -
2032 76/77 $62,836 $41,258 $0 $86,251 $0 $18,000 $0 $140,513 $206,794 -
2033 77/78 $64,720 $41,424 $0 $86,734 $0 $18,000 $0 $142,472 $210,741 -
2034 78/79 $66,662 $41,592 $0 $87,269 $0 $19,288 $0 $144,494 $214,811 -
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year Age CPP/QPP&OAS
DefinedBenefitPension
EarnedIncome
Minimums AdditionalRegisteredProceeds
Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2035 79/80 $68,662 $41,762 $0 $87,693 $0 $20,813 $0 $146,504 $218,931 -
2036 80/81 $70,722 $41,935 $0 $88,200 $0 $23,955 $0 $150,213 $224,812 -
2037 81/82 $72,844 $42,111 $0 $88,653 $0 $25,746 $0 $152,515 $229,353 -
2038 82/83 $75,029 $42,289 $0 $89,096 $0 $27,609 $0 $154,880 $234,023 -
2039 83/84 $77,280 $42,470 $0 $89,589 $0 $29,496 $0 $157,318 $238,835 -
2040 84/85 $79,598 $42,653 $0 $90,019 $0 $31,485 $0 $159,793 $243,755 -
2041 85/86 $81,986 $42,840 $0 $90,462 $0 $33,525 $0 $162,331 $248,812 -
2042 86/87 $84,446 $43,029 $0 $90,916 $0 $97,135 $2,422 $228,872 $317,948 -
2043 87/88 $86,979 $43,221 $0 $91,293 $0 $35,423 $0 $165,167 $256,915 -
2044 88/89 $89,588 $43,416 $0 $91,705 $0 $37,613 $0 $167,822 $262,322 -
2045 89/90 $94,776 $43,613 $0 $92,126 $0 $38,179 $0 $171,359 $268,694 -
2046 90/- $50,547 $38,381 $0 $89,938 $0 $90,224 $0 $168,834 $269,090 -
*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RetirementAssetAccumulation&DepletionMrs.retiresat62Plan
Thisreportdisplaysayearlysummaryofchangestothevalueofretirementassetsfortheselectedscenario.Additionally,allother(non-retirement)assetsareshownintheEOYOtherAssetscolumninordertoshowthepotentialforadditionalabilitytocoverspendingneeds.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOtherReinvestments Rate Assets
2016 60/61 $1,734,661 $36,109 $32,977 $210,000 10.2% $1,593,747 $1,488,938
2017 61/62* $1,593,747 $61,746 $78,737 $481 0.0% $1,733,749 $1,526,555
2018 62/63 $1,733,749 $65,816 $59,287 $0 0.0% $1,858,853 $1,566,473
2019 63/64 $1,858,853 $70,450 $60,577 $0 0.0% $1,989,880 $1,608,527
2020 64/65 $1,989,880 $74,944 $68,736 $0 0.0% $2,133,560 $1,652,594
2021 *65/66 $2,133,560 $80,274 $59,692 $0 0.0% $2,273,526 $1,698,583
2022 66/67 $2,273,526 $84,796 $10,992 $44,643 1.5% $2,324,670 $1,746,433
2023 67/68 $2,324,670 $86,698 $10,992 $45,840 1.5% $2,376,521 $1,796,102
2024 68/69 $2,376,521 $88,627 $10,992 $47,071 1.5% $2,429,069 $1,847,569
2025 69/70 $2,429,069 $90,582 $10,992 $48,337 1.5% $2,482,306 $1,900,826
2026 70/71 $2,482,306 $92,562 $10,992 $49,639 1.6% $2,536,222 $1,955,877
2027 71/72 $2,536,222 $93,387 $10,992 $69,477 2.3% $2,571,123 $2,012,738
2028 72/73 $2,571,123 $94,173 $16,252 $84,379 2.6% $2,597,169 $2,071,430
2029 73/74 $2,597,169 $95,132 $10,992 $122,378 4.3% $2,580,915 $2,165,826
2030 74/75 $2,580,915 $94,518 $15,279 $85,346 2.7% $2,605,366 $2,221,509
2031 75/76 $2,605,366 $95,418 $13,945 $85,815 2.8% $2,628,914 $2,280,483
2032 76/77 $2,628,914 $96,285 $12,543 $86,251 2.8% $2,651,491 $2,342,523
2033 77/78 $2,651,491 $97,116 $11,129 $86,734 2.9% $2,673,002 $2,407,462
2034 78/79 $2,673,002 $97,905 $10,992 $88,557 2.9% $2,693,342 $2,475,179
2035 79/80 $2,693,342 $98,653 $10,992 $90,507 3.0% $2,712,481 $2,545,592
2036 80/81 $2,712,481 $99,355 $10,992 $94,155 3.1% $2,728,673 $2,618,648
2037 81/82 $2,728,673 $99,948 $10,992 $96,398 3.1% $2,743,215 $2,694,322
2038 82/83 $2,743,215 $100,480 $10,992 $98,705 3.2% $2,755,982 $2,772,605
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOtherReinvestments Rate Assets
2039 83/84 $2,755,982 $100,945 $10,992 $101,085 3.3% $2,766,834 $2,853,509
2040 84/85 $2,766,834 $101,340 $10,992 $103,504 3.3% $2,775,663 $2,937,058
2041 85/86 $2,775,663 $101,660 $10,992 $105,987 3.4% $2,782,329 $3,023,287
2042 86/87 $2,782,329 $101,899 $10,992 $170,051 5.7% $2,725,168 $3,162,062
2043 87/88 $2,725,168 $99,765 $10,992 $108,715 3.6% $2,727,210 $3,243,833
2044 88/89 $2,727,210 $99,833 $10,992 $111,318 3.7% $2,726,716 $3,330,439
2045 89/90 $2,726,716 $99,806 $10,992 $112,305 3.7% $2,725,209 $3,421,547
2046 90/- $2,725,209 $99,683 $5,496 $162,162 5.7% $2,668,226 $3,477,371
1SOYdenotesstartofyear.2Includesalladditionalfundsaddedtoassetsfundingtheretirementgoal.3Includesallassetsremovedfromtheassetsfundingtheretirementgoal.4Denotesendofyearassetsallocatedtotheretirementgoal.*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Investcash
CashFlowOutlookInvestcash
Thisreportprojectsdetailedcashflowinformationoverthenextfiveyears.Cashinflowsandoutflowsarecategorizedbysourceandsummarizedasaggregatetotals.Thisprovidesanoverviewofyourcashflowprojections.
Year 201660/61
201761/62
201862/63
201963/64
202064/65*Age
CashInflows
EarnedIncome
Salary $198,116 $204,059 $210,181 $216,487 $222,981
Salary $62,559 $63,497 $64,450 $65,417 $38,732
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
TaxableBenefits(LI) $543 $543 $543 $543 $317
Total $262,261 $269,143 $276,217 $283,489 $263,073
CPP/QPP&OAS
OAS $0 $0 $0 $0 $2,569
CPP/QPP $0 $0 $0 $0 $4,696
Total $0 $0 $0 $0 $7,264
Pensions
UnileverCanadaPension $0 $0 $0 $0 $3,843
Total $0 $0 $0 $0 $3,843
Non-RegisteredProceeds
NonRegisteredGIC $210,000 $0 $0 $0 $0
Total $210,000 $0 $0 $0 $0
InvestmentIncome
RealEstate $6,000 $18,000 $18,000 $18,000 $18,000
Cash $970 $1,330 $1,379 $1,430 $1,484
Investment $2,884 $3,953 $4,100 $4,253 $4,411
NonRegisteredGIC $8,536 $11,734 $12,412 $13,887 $16,070
Total $18,390 $35,017 $35,891 $37,570 $39,965
MiscellaneousIncome
RRSPERcontrib $2,427 $2,427 $2,427 $2,427 $1,416
Mortgage $320,000 $0 $0 $0 $0
Total $322,427 $2,427 $2,427 $2,427 $1,416
TotalCashInflows $813,078 $306,587 $314,535 $323,487 $315,561
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year 201660/61
201761/62
201862/63
201963/64
202064/65*Age
CashOutflows
LifestyleExpenses
Housing(e.g.utilities,repairs) $12,372 $12,743 $13,125 $13,519 $8,123
Food $13,200 $13,596 $14,004 $14,424 $8,666
Transportation(e.g.gas,insura... $8,196 $8,442 $8,695 $8,956 $5,381
Petcare $900 $927 $955 $983 $591
Housing(e.g.utilities,repairs) $0 $0 $0 $0 $5,802
Food $0 $0 $0 $0 $6,190
Transportation(e.g.gas,insura... $0 $0 $0 $0 $3,844
Petcare $0 $0 $0 $0 $422
Mortgage $7,608 $18,260 $18,260 $18,260 $18,260
Entertainment(e.g.restaurants... $10,560 $10,877 $11,203 $11,539 $6,933
Personal(e.g.clothing,hobbies) $15,780 $16,253 $16,741 $17,243 $10,360
Other(e.g.travel) $12,000 $12,360 $12,731 $13,113 $7,879
LifestyleExpense $2,964 $3,053 $3,145 $3,239 $1,946
Entertainment(e.g.restaurants... $0 $0 $0 $0 $4,952
Personal(e.g.clothing,hobbies) $0 $0 $0 $0 $7,400
Other(e.g.travel) $0 $0 $0 $0 $5,628
LifestyleExpense $0 $0 $0 $0 $1,390
Total $83,580 $96,511 $98,859 $101,277 $103,767
MedicalExpenses
Medical $720 $742 $764 $787 $473
Medical $0 $0 $0 $0 $338
Total $720 $742 $764 $787 $810
RegisteredContributions
RRSP $1,842 $16,509 $12,520 $6,576 $6,773
RRSP $4,860 $4,860 $35,381 $11,544 $11,716
TFSA $5,496 $5,496 $5,496 $5,496 $5,496
GWLDCPP $4,953 $5,101 $5,255 $5,412 $5,575
TFSA $0 $50,000 $5,496 $5,496 $5,496
Total $17,151 $81,966 $64,147 $34,524 $35,056
Non-RegisteredContributions
RealEstate $600,000 $0 $0 $0 $0
Total $600,000 $0 $0 $0 $0
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year 201660/61
201761/62
201862/63
201963/64
202064/65*Age
Non-RegisteredSavings
Cash $970 $1,330 $1,379 $1,430 $1,484
Investment $2,884 $3,953 $4,100 $4,253 $4,411
NonRegisteredGIC $8,536 $11,734 $12,412 $13,887 $16,070
Total $12,390 $17,017 $17,891 $19,570 $21,965
EmploymentExpenses
CPP/QPPContributions-Empl... $5,089 $5,252 $5,420 $5,593 $4,645
EIPremiums $1,910 $1,967 $2,026 $2,087 $1,809
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
TaxableBenefits(LI) $543 $543 $543 $543 $317
Union/ProfessionalDues $600 $618 $637 $656 $675
Total $9,185 $9,423 $9,669 $9,921 $8,489
InvestmentExpenses
RealEstate $4,000 $12,000 $12,000 $12,000 $12,000
Total $4,000 $12,000 $12,000 $12,000 $12,000
MiscellaneousExpenses
CharitableDonations-Fixed $1,440 $1,483 $1,528 $1,574 $945
CharitableDonations-Fixed $0 $0 $0 $0 $675
LondonLife $540 $540 $540 $540 $225
PermanentLife $672 $672 $672 $672 $672
LondonLife $24 $24 $24 $24 $24
Total $2,676 $2,719 $2,764 $2,810 $2,542
Taxes
FederalIncomeTax $51,542 $49,034 $45,929 $53,680 $50,831
ProvincialIncomeTax $30,866 $28,973 $28,034 $32,240 $31,293
Total $82,409 $78,007 $73,963 $85,920 $82,124
SurplusOutflows
NonRegisteredGIC $967 $8,201 $34,479 $56,678 $48,808
Total $967 $8,201 $34,479 $56,678 $48,808
TotalCashOutflows $813,078 $306,587 $314,535 $323,487 $315,561
Surplus/(Deficit) $0 $0 $0 $0 $0
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RetirementIncome&ExpensesInvestcash
Thisreportshowsyourannualcashflowduringtheretirementperiod,fortheselectedscenario.Positivecashflowvaluesareshowninboldwhereasnegativevaluesareshowninredandinparentheses.Usethisreporttoshowdetailedcashflowinformationandtherebydemonstratetheunderlyingnumbersthatcomprisetheyear-over-yearcashflowgraphs.
Year Age CPP/QPP&OAS DefinedBenefitPension
EarnedIncome Minimums Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2020 64/65* $7,264 $3,843 $263,073 $0 $18,000 $1,416 $198,300 $244,788 -
2021 *65/66 $26,271 $16,919 $173,035 $0 $18,000 $0 $162,623 $210,506 -
2022 66/67 $46,756 $39,733 $0 $0 $63,330 $0 $100,500 $149,819 -
2023 67/68 $48,158 $39,876 $0 $0 $64,432 $0 $101,667 $152,465 -
2024 68/69 $49,603 $40,020 $0 $0 $65,619 $0 $102,920 $155,242 -
2025 69/70 $51,091 $40,167 $0 $0 $66,900 $0 $104,265 $158,158 -
2026 70/71 $52,624 $40,316 $0 $0 $68,216 $0 $105,647 $161,156 -
2027 71/72 $54,202 $40,467 $0 $63,202 $26,511 $0 $127,209 $184,383 -
2028 72/73 $55,829 $40,621 $0 $88,827 $18,000 $0 $136,951 $195,840 -
2029 73/74 $57,503 $40,777 $0 $89,335 $53,271 $1,752 $181,982 $242,638 -
2030 74/75 $59,228 $40,935 $0 $89,845 $18,000 $0 $139,127 $201,603 -
2031 75/76 $61,005 $41,096 $0 $90,338 $18,000 $0 $141,050 $205,400 -
2032 76/77 $62,836 $41,258 $0 $90,794 $18,000 $0 $143,007 $209,288 -
2033 77/78 $64,720 $41,424 $0 $91,310 $18,000 $0 $145,028 $213,298 -
2034 78/79 $66,662 $41,592 $0 $91,865 $18,000 $0 $147,110 $217,427 -
2035 79/80 $68,662 $41,762 $0 $92,317 $18,893 $0 $149,207 $221,634 -
2036 80/81 $70,722 $41,935 $0 $92,849 $22,099 $0 $153,005 $227,605 -
2037 81/82 $72,844 $42,111 $0 $93,322 $23,957 $0 $155,396 $232,234 -
2038 82/83 $75,029 $42,289 $0 $93,793 $25,875 $0 $157,843 $236,985 -
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year Age CPP/QPP&OAS DefinedBenefitPension
EarnedIncome Minimums Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2039 83/84 $77,280 $42,470 $0 $94,309 $27,811 $0 $160,352 $241,869 -
2040 84/85 $79,598 $42,653 $0 $94,761 $29,852 $0 $162,901 $246,864 -
2041 85/86 $81,986 $42,840 $0 $95,230 $31,943 $0 $165,517 $251,998 -
2042 86/87 $84,446 $43,029 $0 $95,704 $95,336 $2,422 $231,860 $320,936 -
2043 87/88 $86,979 $43,221 $0 $96,101 $33,960 $0 $168,512 $260,260 -
2044 88/89 $89,588 $43,416 $0 $96,536 $36,211 $0 $171,250 $265,750 -
2045 89/90 $94,776 $43,613 $0 $96,978 $37,054 $0 $175,085 $272,421 -
2046 90/- $50,547 $38,381 $0 $94,434 $90,715 $0 $173,820 $274,076 -
*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RetirementAssetAccumulation&DepletionInvestcash
Thisreportdisplaysayearlysummaryofchangestothevalueofretirementassetsfortheselectedscenario.
Additionally,allother(non-retirement)assetsareshownintheEOYOtherAssetscolumninordertoshowthepotentialforadditionalabilitytocoverspendingneeds.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOther
Reinvestments Rate Assets
2016 60/61 $1,734,661 $36,109 $32,977 $210,000 10.2% $1,593,747 $1,488,938
2017 61/62 $1,593,747 $62,379 $105,472 $0 0.0% $1,761,598 $1,526,555
2018 62/63 $1,761,598 $67,872 $114,390 $0 0.0% $1,943,861 $1,566,473
2019 63/64 $1,943,861 $73,557 $107,438 $0 0.0% $2,124,857 $1,608,527
2020 64/65* $2,124,857 $80,374 $100,588 $0 0.0% $2,305,818 $1,652,594
2021 *65/66 $2,305,818 $86,682 $58,913 $0 0.0% $2,451,414 $1,698,583
2022 66/67 $2,451,414 $91,413 $10,992 $45,330 1.4% $2,508,489 $1,746,433
2023 67/68 $2,508,489 $93,536 $10,992 $46,432 1.4% $2,566,585 $1,796,102
2024 68/69 $2,566,585 $95,698 $10,992 $47,619 1.4% $2,625,656 $1,847,569
2025 69/70 $2,625,656 $97,895 $10,992 $48,900 1.4% $2,685,643 $1,900,826
2026 70/71 $2,685,643 $100,126 $10,992 $50,216 1.5% $2,746,545 $1,955,877
2027 71/72 $2,746,545 $101,124 $10,992 $71,713 2.2% $2,786,948 $2,012,738
2028 72/73 $2,786,948 $102,113 $18,428 $88,827 2.5% $2,818,662 $2,071,430
2029 73/74 $2,818,662 $103,282 $10,992 $124,606 4.0% $2,808,330 $2,165,826
2030 74/75 $2,808,330 $102,888 $17,397 $89,845 2.6% $2,838,770 $2,221,509
2031 75/76 $2,838,770 $104,010 $16,030 $90,338 2.6% $2,868,473 $2,280,483
2032 76/77 $2,868,473 $105,106 $14,593 $90,794 2.7% $2,897,377 $2,342,523
2033 77/78 $2,897,377 $106,171 $13,149 $91,310 2.7% $2,925,386 $2,407,462
2034 78/79 $2,925,386 $107,202 $11,684 $91,865 2.7% $2,952,407 $2,475,179
2035 79/80 $2,952,407 $108,198 $10,992 $93,210 2.8% $2,978,386 $2,545,592
2036 80/81 $2,978,386 $109,153 $10,992 $96,948 2.9% $3,001,584 $2,618,648
2037 81/82 $3,001,584 $110,007 $10,992 $99,279 2.9% $3,023,304 $2,694,322
2038 82/83 $3,023,304 $110,805 $10,992 $101,668 3.0% $3,043,433 $2,772,605
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecause
theyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenses
wouldmateriallyreducethesecalculations.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOtherReinvestments Rate Assets
2039 83/84 $3,043,433 $111,544 $10,992 $104,120 3.1% $3,061,849 $2,853,509
2040 84/85 $3,061,849 $112,220 $10,992 $106,612 3.1% $3,078,449 $2,937,058
2041 85/86 $3,078,449 $112,828 $10,992 $109,173 3.2% $3,093,096 $3,023,287
2042 86/87 $3,093,096 $113,363 $10,992 $173,040 5.2% $3,044,412 $3,162,062
2043 87/88 $3,044,412 $111,544 $10,992 $112,061 3.3% $3,054,888 $3,243,833
2044 88/89 $3,054,888 $111,925 $10,992 $114,746 3.4% $3,063,059 $3,330,439
2045 89/90 $3,063,059 $112,220 $10,992 $116,031 3.4% $3,070,240 $3,421,547
2046 90/- $3,070,240 $112,428 $5,496 $167,148 5.3% $3,021,016 $3,477,371
1SOYdenotesstartofyear.2Includesalladditionalfundsaddedtoassetsfundingtheretirementgoal.3Includesallassetsremovedfromtheassetsfundingtheretirementgoal.4Denotesendofyearassetsallocatedtotheretirementgoal.*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecause
theyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenses
wouldmateriallyreducethesecalculations.
Gift20Ktoeachdaughterfor10years
CashFlowOutlookGift20Ktoeachchildfor10yrs
Thisreportprojectsdetailedcashflowinformationoverthenextfiveyears.Cashinflowsandoutflowsarecategorizedbysourceandsummarizedasaggregatetotals.Thisprovidesanoverviewofyourcashflowprojections.
Year 201660/61
201761/62*
201862/63
201963/64
202064/65Age
CashInflows
EarnedIncome
Salary $198,116 $204,059 $210,181 $216,487 $222,981
Salary $62,559 $37,040 $0 $0 $0
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
TaxableBenefits(LI) $543 $317 $0 $0 $0
Total $262,261 $242,459 $211,224 $217,530 $224,024
CPP/QPP&OAS
OAS $0 $0 $0 $0 $2,569
CPP/QPP $0 $0 $0 $0 $4,696
Total $0 $0 $0 $0 $7,264
Pensions
UnileverCanadaPension $0 $0 $0 $0 $3,843
Total $0 $0 $0 $0 $3,843
Non-RegisteredProceeds
NonRegisteredGIC $210,000 $0 $0 $0 $0
Total $210,000 $0 $0 $0 $0
InvestmentIncome
RealEstate $6,000 $18,000 $18,000 $18,000 $18,000
Cash $970 $1,330 $1,379 $1,430 $1,484
Investment $2,884 $3,953 $4,100 $4,253 $4,411
NonRegisteredGIC $8,536 $11,734 $12,156 $12,874 $13,664
Total $18,390 $35,017 $35,636 $36,557 $37,559
MiscellaneousIncome
RRSPERcontrib $2,427 $1,416 $0 $0 $0
Mortgage $320,000 $0 $0 $0 $0
Total $322,427 $1,416 $0 $0 $0
TotalCashInflows $813,078 $278,892 $246,860 $254,087 $272,690
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypothetical
innature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecause
theyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenses
wouldmateriallyreducethesecalculations.
Year 201660/61
201761/62*
201862/63
201963/64
202064/65Age Gary/Diane
CashOutflows
LifestyleExpenses
Housing(e.g.utilities,repairs) $12,372 $7,434 $0 $0 $0
Food $13,200 $7,931 $0 $0 $0
Transportation(e.g.gas,insura... $8,196 $4,924 $0 $0 $0
Petcare $900 $541 $0 $0 $0
Housing(e.g.utilities,repairs) $0 $5,310 $13,125 $13,519 $13,925
Food $0 $5,665 $14,004 $14,424 $14,857
Transportation(e.g.gas,insura... $0 $3,517 $8,695 $8,956 $9,225
Petcare $0 $386 $955 $983 $1,013
Mortgage $7,608 $18,260 $18,260 $18,260 $18,260
Entertainment(e.g.restaurants... $10,560 $6,345 $0 $0 $0
Personal(e.g.clothing,hobbies) $15,780 $9,481 $0 $0 $0
Other(e.g.travel) $12,000 $7,210 $0 $0 $0
LifestyleExpense $2,964 $1,781 $0 $0 $0
Entertainment(e.g.restaurants... $0 $4,532 $11,203 $11,539 $11,885
Personal(e.g.clothing,hobbies) $0 $6,772 $16,741 $17,243 $17,761
Other(e.g.travel) $0 $5,150 $12,731 $13,113 $13,506
LifestyleExpense $0 $1,272 $3,145 $3,239 $3,336
Total $83,580 $96,511 $98,859 $101,277 $103,767
MedicalExpenses
Medical $720 $433 $0 $0 $0
Medical $0 $309 $764 $787 $810
Total $720 $742 $764 $787 $810
RegisteredContributions
RRSP $1,842 $0 $18,240 $17,364 $6,773
RRSP $4,860 $2,835 $0 $0 $0
TFSA $5,496 $5,496 $5,496 $5,496 $5,496
TFSA $0 $50,000 $5,496 $5,496 $5,496
GWLDCPP $4,953 $5,101 $5,255 $5,412 $5,575
Total $17,151 $63,432 $34,486 $33,769 $23,340
Non-RegisteredContributions
RealEstate $600,000 $0 $0 $0 $0
Total $600,000 $0 $0 $0 $0
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypothetical
innature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecause
theyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenses
wouldmateriallyreducethesecalculations.
Year 201660/61
201761/62*
201862/63
201963/64
202064/65Age
Non-RegisteredSavings
Cash $970 $1,330 $1,379 $1,430 $1,484
Investment $2,884 $3,953 $4,100 $4,253 $4,411
NonRegisteredGIC $8,536 $11,253 $12,156 $12,874 $13,664
Total $12,390 $16,536 $17,636 $18,557 $19,559
EmploymentExpenses
CPP/QPPContributions-Empl... $5,089 $4,302 $2,710 $2,796 $2,885
EIPremiums $1,910 $1,686 $1,013 $1,044 $1,075
TaxableBenefits(LIandAD&D) $1,043 $1,043 $1,043 $1,043 $1,043
TaxableBenefits(LI) $543 $317 $0 $0 $0
Union/ProfessionalDues $600 $618 $637 $656 $675
Total $9,185 $7,965 $5,403 $5,539 $5,679
InvestmentExpenses
RealEstate $4,000 $12,000 $12,000 $12,000 $12,000
Total $4,000 $12,000 $12,000 $12,000 $12,000
MiscellaneousExpenses
CharitableDonations-Fixed $1,440 $865 $0 $0 $0
CharitableDonations-Fixed $0 $618 $1,528 $1,574 $1,621
LondonLife $540 $540 $540 $540 $225
PermanentLife $672 $672 $672 $672 $672
LondonLife $24 $24 $24 $24 $24
Total $2,676 $2,719 $2,764 $2,810 $2,542
Taxes
FederalIncomeTax $51,542 $49,134 $40,755 $42,430 $47,161
ProvincialIncomeTax $30,866 $29,853 $25,157 $26,347 $29,160
Total $82,409 $78,986 $65,912 $68,777 $76,321
SurplusOutflows
NonRegisteredGIC $967 $0 $9,037 $10,572 $28,673
Total $967 $0 $9,037 $10,572 $28,673
TotalCashOutflows $813,078 $278,892 $246,860 $254,087 $272,690
Surplus/(Deficit) $0 $0 $0 $0 $0
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecause
theyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenses
wouldmateriallyreducethesecalculations.
RetirementIncome&ExpensesGift20Ktoeachchildfor10yrs
Thisreportshowsyourannualcashflowduringtheretirementperiod,fortheselectedscenario.Positivecashflowvaluesareshowninboldwhereasnegativevaluesareshowninredandinparentheses.Usethisreporttoshowdetailedcashflowinformationandtherebydemonstratetheunderlyingnumbersthatcomprisetheyear-over-yearcashflowgraphs.
Year Age CPP/QPP&OAS
DefinedBenefitPension
EarnedIncome
Minimums AdditionalRegisteredProceeds
Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2017 61/62* $0 $0 $242,459 $0 $0 $18,481 $1,416 $219,813 $262,356 -
2018 62/63 $0 $0 $211,224 $0 $0 $18,000 $0 $176,368 $220,187 -
2019 63/64 $0 $0 $217,530 $0 $0 $18,000 $0 $179,823 $224,957 -
2020 64/65 $7,264 $3,843 $224,024 $0 $0 $18,000 $0 $177,971 $224,459 -
2021 *65/66 $26,271 $16,919 $173,035 $0 $0 $36,243 $0 $204,585 $252,468 -
2022 66/67 $46,756 $39,733 $0 $0 $0 $110,501 $0 $147,670 $196,990 -
2023 67/68 $48,158 $39,876 $0 $0 $0 $112,952 $0 $150,187 $200,985 -
2024 68/69 $49,603 $40,020 $0 $0 $0 $115,470 $0 $152,770 $205,093 -
2025 69/70 $51,091 $40,167 $0 $0 $0 $118,071 $0 $155,437 $209,329 -
2026 70/71 $52,624 $40,316 $0 $0 $0 $120,870 $0 $158,300 $213,809 -
2027 71/72 $54,202 $40,467 $0 $58,855 $0 $82,589 $0 $178,939 $236,114 -
2028 72/73 $55,829 $40,621 $0 $83,904 $0 $68,202 $0 $189,666 $248,555 -
2029 73/74 $57,503 $40,777 $0 $84,383 $0 $112,779 $1,752 $236,538 $297,194 -
2030 74/75 $59,228 $40,935 $0 $84,865 $0 $77,391 $0 $199,943 $262,419 -
2031 75/76 $61,005 $41,096 $0 $85,331 $0 $18,000 $0 $134,451 $198,801 -
2032 76/77 $62,836 $41,258 $0 $85,764 $0 $18,000 $0 $136,202 $202,483 -
2033 77/78 $64,720 $41,424 $0 $86,245 $0 $18,000 $0 $138,008 $206,277 -
2034 78/79 $66,662 $41,592 $0 $86,777 $0 $18,000 $0 $139,872 $210,189 -
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year Age CPP/QPP&OAS
DefinedBenefitPension
EarnedIncome
Minimums AdditionalRegisteredProceeds
Non-RegisteredProceeds
OtherInflows FixedNeeds(incl.taxes)
TotalNeeds(incl.taxes)
Shortfall
2035 79/80 $68,662 $41,762 $0 $87,199 $0 $18,000 $0 $141,742 $214,169 -
2036 80/81 $70,722 $41,935 $0 $87,703 $0 $19,546 $0 $145,307 $219,906 -
2037 81/82 $72,844 $42,111 $0 $88,153 $0 $21,192 $0 $147,461 $224,299 -
2038 82/83 $75,029 $42,289 $0 $88,594 $0 $22,905 $0 $149,673 $228,816 -
2039 83/84 $77,280 $42,470 $0 $89,084 $0 $24,649 $0 $151,966 $233,483 -
2040 84/85 $79,598 $42,653 $0 $89,511 $0 $26,497 $0 $154,297 $238,260 -
2041 85/86 $81,986 $42,840 $0 $89,952 $0 $28,397 $0 $156,693 $243,174 -
2042 86/87 $84,446 $43,029 $0 $90,404 $0 $97,265 $2,422 $228,489 $317,564 -
2043 87/88 $86,979 $43,221 $0 $90,778 $0 $30,945 $0 $160,174 $251,923 -
2044 88/89 $89,588 $43,416 $0 $91,187 $0 $33,227 $0 $162,918 $257,419 -
2045 89/90 $94,776 $43,613 $0 $91,606 $0 $33,691 $0 $166,350 $263,686 -
2046 90/- $50,547 $38,381 $0 $89,417 $6,402 $82,066 $0 $166,556 $266,812 -
*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RetirementAssetAccumulation&DepletionGift20Ktoeachchildfor10yrs
Thisreportdisplaysayearlysummaryofchangestothevalueofretirementassetsfortheselectedscenario.Additionally,allother(non-retirement)assetsareshownintheEOYOtherAssetscolumninordertoshowthepotentialforadditionalabilitytocoverspendingneeds.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOtherReinvestments Rate Assets
2016 60/61 $1,734,661 $36,109 $32,977 $210,000 10.2% $1,593,747 $1,488,938
2017 61/62* $1,593,747 $61,746 $78,737 $481 0.0% $1,733,749 $1,526,555
2018 62/63 $1,733,749 $65,816 $59,287 $0 0.0% $1,858,853 $1,566,473
2019 63/64 $1,858,853 $70,450 $60,577 $0 0.0% $1,989,880 $1,608,527
2020 64/65 $1,989,880 $74,944 $68,736 $0 0.0% $2,133,560 $1,652,594
2021 *65/66 $2,133,560 $80,015 $28,217 $18,243 0.0% $2,223,549 $1,698,583
2022 66/67 $2,223,549 $82,937 $10,992 $92,501 3.7% $2,224,977 $1,746,433
2023 67/68 $2,224,977 $82,990 $10,992 $94,952 3.8% $2,224,007 $1,796,102
2024 68/69 $2,224,007 $82,954 $10,992 $97,470 3.9% $2,220,483 $1,847,569
2025 69/70 $2,220,483 $82,823 $10,992 $100,071 4.0% $2,214,226 $1,900,826
2026 70/71 $2,214,226 $82,590 $10,992 $102,870 4.1% $2,204,938 $1,955,877
2027 71/72 $2,204,938 $81,063 $10,992 $123,444 5.1% $2,173,549 $2,012,738
2028 72/73 $2,173,549 $79,393 $10,992 $134,106 5.7% $2,129,828 $2,071,430
2029 73/74 $2,129,828 $77,757 $10,992 $179,162 7.9% $2,039,416 $2,165,826
2030 74/75 $2,039,416 $74,384 $10,992 $144,256 6.5% $1,980,535 $2,221,509
2031 75/76 $1,980,535 $72,184 $17,623 $85,331 3.4% $1,985,011 $2,280,483
2032 76/77 $1,985,011 $72,342 $16,368 $85,764 3.5% $1,987,957 $2,342,523
2033 77/78 $1,987,957 $72,442 $15,104 $86,245 3.6% $1,989,258 $2,407,462
2034 78/79 $1,989,258 $72,480 $13,833 $86,777 3.7% $1,988,794 $2,475,179
2035 79/80 $1,988,794 $72,454 $12,446 $87,199 3.8% $1,986,495 $2,545,592
2036 80/81 $1,986,495 $72,358 $10,992 $89,249 3.9% $1,980,596 $2,618,648
2037 81/82 $1,980,596 $72,130 $10,992 $91,344 4.1% $1,972,374 $2,694,322
2038 82/83 $1,972,374 $71,815 $10,992 $93,498 4.2% $1,961,683 $2,772,605
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
Year Age SOY Assets1 Growth&Contributions2Withdrawals3 Withdrawal EOYAssets4 EOYOtherReinvestments Rate Assets
2039 83/84 $1,961,683 $71,408 $10,992 $95,733 4.3% $1,948,349 $2,853,509
2040 84/85 $1,948,349 $70,903 $10,992 $98,008 4.5% $1,932,236 $2,937,058
2041 85/86 $1,932,236 $70,295 $10,992 $100,349 4.6% $1,913,174 $3,023,287
2042 86/87 $1,913,174 $69,577 $10,992 $169,668 8.3% $1,824,075 $3,162,062
2043 87/88 $1,824,075 $66,255 $10,992 $103,723 5.1% $1,797,598 $3,243,833
2044 88/89 $1,797,598 $65,261 $10,992 $106,415 5.3% $1,767,437 $3,330,439
2045 89/90 $1,767,437 $64,131 $10,992 $107,296 5.4% $1,735,264 $3,421,547
2046 90/- $1,735,264 $62,868 $5,496 $159,884 8.9% $1,643,743 $3,477,371
1SOYdenotesstartofyear.2Includesalladditionalfundsaddedtoassetsfundingtheretirementgoal.3Includesallassetsremovedfromtheassetsfundingtheretirementgoal.4Denotesendofyearassetsallocatedtotheretirementgoal.*=yearofretirement
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
RecommendationandActionPlan
RecommendationsFor:
RetirementGoal
Initialdraftrecommendations(Dianeretiresat2):
Cashflow:
• CPPandOASstartat65.• Mrs.pensionfromUnileverCanadaPensionstartsat65.• Thepurchaseofacondohasbeenestimatedat$600Kincludingclosingcosts.• Werecommenda30yearfixedtermmortgagefor$320Kwithlowestratepossible.Pleaseletusknow
ifyouwouldlikeareferraltoanindependentmortgagebroker. Bestavailable5-yearrateiscurrently2.39%
• Redeemfromnon-registered$210Ktooffsetinflows/outflows.• TFSA:
o Mr.annualsavingsstrategyof$5500/yrtilldeath.o Mrs.establishesTFSAin2017. Initialcatchup$50K.Youcoulddothisin2016aswellifyou
want.o Mrs.annualsavingstrategyof$5500/yrtilldeath(startingin2018).
• Allsurplusesfromcashflowareinvested.Investments:
• Ensureareturnthatequatestoanaverage,compounded,4%returnwhileMrs.GICinvestments
returnonaverage2.75%.• ConsideraninsuredannuitystrategytoachievebetterthanGICreturns(tobediscussed)
Tax:
• Maximizepensionincomesplitting.• MaximizeRRSPcontributionsuntilretirement.• MaximizeTFSAcontributionroomannually.Seemoredetailsundercashflow.• Ensurebeneficiarydesignationonallregisteredaccountsandinsurance.• EnsuresuccessorannuitantonTFSA.
Estate:
• YourwillsandPowerofAttorneysareuptodate(2015).• Mrs.isanamedexecutorinherfather'swill.Pleasegiveyourfathertheattachedestateplannerso
youcandothebestjobpossibleasanexecutor.
Gifting:
• Consideradditionalgiftingbeyondthe$20,000modeled.•
Recommendations
Disclaimer
Thisanalysisishypotheticalinnatureandisintendedtohelpyouinmakingdecisionsonyourfinancialfuturebasedoninformationthatyouhaveprovidedandreviewed.
Important:ThecalculationsorotherinformationgeneratedbyNaviPlanregardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.
Criteria,Assumptions,Methodology,andLimitationsoftheAnalysis
Theassumptionsusedinthisanalysisarebasedoninformationprovidedandreviewedbyyou.Thoseassumptionsmustbereconsideredonafrequentbasistoensuretheresultsareadjustedaccordingly.Thesmallestofchangesinassumptionscanhaveadramaticimpactontheoutcomeofthisanalysis.Anyinaccuraterepresentationbyyouofanyfactsorassumptionsusedinthisanalysisinvalidatestheresults.
Wehavemadenoattempttoreviewyourpropertyandliabilityinsurancepolicies(autoandhomeowners,forexample).Westronglyrecommendthatinconjunctionwiththisanalysis,youconsultwithyourpropertyandliabilityagenttoreviewyourcurrentcoveragetoensureitcontinuestobeappropriate.Indoingso,youmaywishtoreviewthedollaramountofyourcoverage,thedeductibles,theliabilitycoverage(includinganumbrellapolicy),andthepremiumamounts.
Thisanalysisdoesnotconstituteadviceintheareasoflegal,accountingortax.Itisyourresponsibilitytoconsultwiththeappropriateprofessionalsinthoseareaseitherindependentlyorinconjunctionwiththisplanningprocess.
ResultsMayVaryWithEachUseandOverTime
Theresultspresentedinthisanalysisarenotpredictionsofactualresults.Actualresultsmayvarytoamaterialdegreeduetoexternalfactorsbeyondthescopeandcontrolofthisanalysis.Historicaldataisusedtoproducefutureassumptionsusedintheanalysis,suchasratesofreturn.Pastperformanceisnotaguaranteeorpredictoroffutureperformance.
Theresultsarebasedonyourrepresentationofriskandincludeinformationthatiscurrentasof4/21/2016.Youareresponsibleforconfirmingthattheanswersyouprovidedtodetermineyourindividualrisktoleranceusedinthisanalysisareaccuratelyrepresented.TheProposedPlan assetallocationpresentedinthisanalysisisbasedonyouranswerstoarisktolerancequestionnaireandmayrepresentamoreaggressive-andthereforemorerisky-investmentstrategythanyourcurrentassetallocationmix. Actualreturnratesandperformancemayvarytoasignificantdegreefromthatrepresentedinthisanalysis.
InvestmentsConsidered*
Thisanalysisdoesnotconsidertheselectionofindividualsecurities;theanalysisprovidesmodelportfolios.Theresultscontainedhereindonotconstituteanactualoffertobuy,sellorrecommendaparticularinvestmentorproduct.Allinvestmentsareinherentlyrisky.Theassetclassesandreturnratesusedintheanalysisarebroadinnature.Theillustrationsarenotindicativeofthefutureperformanceofactualinvestments,whichwillfluctuateovertimeandmaylosevalue.
Therearerisksassociatedwithinvesting,includingtheriskoflosingaportionorallofyourinitialinvestment.
*AssetclassesandAssetAllocationmaynotapplytotheForecasterAssessments.
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.
DeliveryAcknowledgement
We,GaryWaddingtonandDianeNorth,havereviewedandaccepttheinformationcontainedwithinthisanalysisandunderstandtheassumptionsassociatedwithit.Webelievethatallinformationprovidedbyusiscompleteandaccuratetothebestofourknowledge.Werecognizethatperformanceisnotguaranteedandthatallfuturecalculationsareincludedsimplyasatoolfordecision-makinganddonotrepresentaforecastofourfinancialfuture.Thisanalysisshouldbereviewedperiodicallytoensurethatdecisionsmadecontinuetobeappropriate,particularlyiftherearechangesinfamilycircumstances,suchasaninheritance,birthofachild,deathofafamilymember,ormaterialchangeinincomesorexpenses.
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NoteThisanalysishasbeenpreparedbasedontheinformationprovided.Therehasbeennoattempttoverifytheaccuracyorcompletenessofthisinformation.Asthefuturecannotbeforecastwithcertainty,actualresultswillvaryfromthesecalculations.Itispossiblethatthesevariationsmaybematerial.Thedegreeofuncertaintynormallyincreaseswiththelengthofthefutureperiodcovered.
Important:ThecalculationsorotherinformationgeneratedbyNaviPlan®version16.0regardingthelikelihoodofvariousinvestmentoutcomesarehypotheticalinnature,donotreflectactualinvestmentresults,andarenotguaranteesoffutureresults.Thesecalculationsareshownforillustrativepurposesonlybecausetheyutilizereturndatathatmaynotincludefeesoroperatingexpenses,andarenotavailableforinvestment.Ifincluded,feesandotheroperatingexpenseswouldmateriallyreducethesecalculations.