RetireCAN is a convenient way to manage your finances and create a tax-efficient withdrawal stream. Create a dynamic withdrawal stream geared to investment returns and inflation.
- Save Money: One-time fee apps to help manage your money throughout your whole life
- Save Time: Most efficient withdrawal stream for your investable assets
- Convenience: 24/7 access to a retirement planning customized to your unique circumstances
How to Use RetireCAN
This app will help you predict your after-tax monthly retirement income by designing the most efficient withdrawal stream from your investments. Create a long-term retirement strategy ensures the longevity of your money all while minimizing your lifetime income tax.
- STEP 1: Input your CURRENT age, RETIREMENT age and life EXPECTANCY
- STEP 2: Input monthly CPP/OAS/GIS received, your monthly work PENSION (if any) and a consistent inflation rate
- STEP 3: Input the MARKET value of investments in their respective registered accounts, any MONTHLY contributions and annual RETURNS
- STEP 4: Input the BOOK value, MARKET value and annual RETURNS of your taxable account investments
- STEP 5: Select the province you currently pay taxes in (AB, BC, MB, NB, NS, NT, NU, ON, QC, SK or YK)
RetireCAN Outputs
- MONTHLY REGISTERED WITHDRAWALS: The recommended amount of money an investor will have withdrawal each month from their Group RRSP, RRSP, RRIF, LIRA, LIF, LRIF and TFSA
- MONTHLY TAXABLE RECOMMENDATIONS: The predicted amount of capital gains and withdrawals to even spread taxes
- TOTAL: The predicted amount of money an investor will have at retirement (or current investments at retirement)
- AFTER-TAX: The estimated after-tax income you will have in retirement (your monthly budget)
- RATE: The withdrawal rate percentage of your total portfolio you will be withdrawing in the first or current year of retirement
RetireCAN Pro Tips:
- Most financial institution software uses a 2% inflation number
- Lowering inflation will increase your early retirement withdrawals and reduce your later year withdrawals
Investing Cost Comparison
Use the apps for a fraction of the cost of an advisor. High fees are your biggest enemy. In the intricate landscape of our world, the concept that “simplicity is the ultimate sophistication” emerges as a timeless and universal principle. It emphasizes the intelligence in simplicity, even when it appears fundamental. Maximize your net worth with easy-to-use apps to diversify your portfolio, pay less income tax, minimize investment fees, and create your retirement with artificial intelligence.
 |  |  |  |  |  |  |  |  |
|---|---|---|---|---|---|---|---|---|
| Advice | InvestCAN | InvestRESP | InvestUSA | RetireCAN | RetireMGN | Virtual Meeting | Robo- Advisor | Financial Advisor |
| Purpose | Canadian Investment Portfolio | Guided Education Portfolio | American Investment Portfolio | After-Tax Retirement Income | Guided Retirement Withdrawals | Personal Investment Relationship | Hands-Off Automated Investing | Expensive Personal Relationship |
| Fees *Not including MERs and trading fees | $99.99 CAD | Limited Time | $79.99 USD | $99.99 CAD | Limited Time | Limited Time | 0.40%- 0.50% | 0.50%- 1.50% |
| Access to Advice | 24/7 | 24/7 | 24/7 | 24/7 | 24/7 | 1-2 Virtual Meetings | N/A | Approx. 2 Hours/Year |
| $100,000 Account Costs *Not including MERs and trading fees | One Time Fee | One Time Fee | One Time Fee | One Time Fee | One Time Fee | $1,000.00 $500.00/Year | $400.00 – $500.00/Year | $500.00 – $1,500.00/Year |
| Recommended Investments | Unbiased Data Driven | Unbiased Data Driven | Unbiased Data Driven | Unbiased Data Driven | Unbiased Data Driven | Unbiased Data Driven | Often Proprietary (Company Owned) | Often Proprietary (Company Owned) |
| Relationship | Digital | Digital | Digital | Digital | Digital | Personal | Phone/Email | Personal |
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