I'm looking to validate my diy plan with a financial planner. Does anyone have experience with the expected fee for service costs in BC?
I'm using mayretire and other diy tools, but I would like another set of eyes from a professional.
Cheers
For the "Your RRSP/RRIF" column, I see some post 65 years as $0 - If I convert my RRSP to a RRIF at age 65, I would have expected to see the minimum withdrawal. What am I missing here (I have the minimum withdrawal set to use younger spouse's age?)
Thanks in advance for a great retirement tool!
When to start CPP/QPP and OAS is an important part of every retirement plan. We’ve added a Benefits Timing view that lays out the available combinations side by side, so you can see the tradeoffs at a glance.
Each cell shows how a timing combination compares with your current plan, with its total lifetime value (cumulative after-tax retirement income plus ending after-tax estate, in today’s dollars) shown underneath.
Your current timing is the $0 cell, marked with a dashed border (unless it is also the best result). Every other cell shows the gain or loss relative to what you have configured now.
With one different combination selected, you can apply it directly to your plan. Or select up to eight combinations to compare in detail before deciding.
Results depend on your planning horizon, current withdrawal strategy, and other plan settings. Those settings may not be optimal for every timing combination, so this is a tool for exploring tradeoffs, not finding a single “right answer.”
You’ll find Explore Benefits Timing at the bottom of the Government Benefits panel. Have a look and let us know what you think
For more details, please check: https://mayretire.com/resources/tutorial/#explore-benefits-timing
