RetireMGN 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 RetireMGN
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 your current INVESTMENTS, any MONTHLY contributions, annual RETURNS and a consistent INFLATION rate
- STEP 3: Select RetireMGN
RetireMGN Outputs
- TOTAL INVESTMENTS AT RETIREMENT: The predicted amount of money an investor will have at retirement (or current investments at retirement)
- MONTHLY RETIREMENT WITHDRAWAL: The recommended amount of money an investor will have withdrawal each month
- PORTFOLIO WITHDRAWAL RATE: The predicted amount of money an investor will be withdrawing the year of their life expectancy
- Income Adjusted for Inflation: The predicted amount of money an investor will have at retirement in today’s dollars (or recommended withdrawal at retirement)
- The monthly withdrawal predictions are adjusted for inflation above the corresponding CURRENT, RETIREMENT & EXPECTANCY headings
RetireMGN 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 |