FreshPlan Retirement Planning Tools Summary
FreshPlan offers several options to help with your retirement planning.
We’ve summarized several of the retirement planning calculators and planners to help you choose which tool may help best depending on the client situation.
Retirement Planner
FreshPlan’s most robust retirement planning tool.
Works well for a client and partner.
Investment can be divided into non-registered and various registered vehicles (RRSP, TFSA, RRIF, MPP, LIF) and features up to 16 rates of return (8 before retirement and 8 after retirement). The calculator considers up to five CPP, OAS pension income and other income. Additional retirement cash flow and income flexibility in cases where client may be downsizing or may need additional cash flow for an upcoming purchase (wedding, additional property, etc.)
Results are summarized clearly in a Summary Chart, and Investment Chart. Significant details are shown through Accumulation Table, Distribution table and the Income summary.
To drill down further, the supporting tables include:
• Calculation of Income Shortage
• Income need
• CPP & OAS (plus any clawbacks)
• Pension Income
• Other income
• Non-registered investments and contributions
• TFSA investments and contributions
• RRSP/RRIF investments and contributions
• LIF investments and contributions
• Money Purchase Plan contributions