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      • Yes, our retirement calculator can be used by couples or individuals. To create a combined retirement plan for you and your partner, enter their income and savings into the extra fields below the calculator, and be sure to check the 'I have a partner' box.
      www.wealthsimple.com/en-ca/tool/retirement-calculator
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  2. Yes, our retirement calculator can be used by couples or individuals. To create a combined retirement plan for you and your partner, enter their income and savings into the extra fields below the calculator, and be sure to check the 'I have a partner' box.

    • Create a Budget

      Retirement calculator; Fee calculator; How to Make a Budget....

    • Smart Investing

      Wealthsimple is the smart way to invest, trade, save, spend...

  3. Use this calculator to help you create your retirement plan if you have two working spouses in your household. View your retirement savings balance and your withdrawals for each year until the end of your retirement.

    • Top Free Retirement Calculators
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    • Don’T Forget…I Can Help So You Are Welcome to Hire Me!

    There are many reasons why asset decumulation or retirement drawdown planning is challenging for many. Here are some top issues that come to mind that I’m starting to navigate and resolve in my own financial independence plan: 1. The need to convert large sums of money into reliable and ideally, growing income streams to fight inflation. 2. Changin...

    Depending on when you plan to retire or semi-retire like I might, the tax consequences involved, and much more, you can probably appreciate the drawdown order could be very different amongst retirees. Here are some key ideas/sequences to consider: 1. NRT = Non-registered (N), RRSPs (R), TFSAs (T) This sequence might work well if you have built up a...

    I’m still working through my complete retirement drawdown plan but I do have some great ideas to keep my mind busy I have no doubt I’ll write more about these over time and I would be happy to help you out. Until then, I’m sticking with my asset accumulation plan and I suggest you do as well. Further Reading: Are you a fan of FIRE? Try the FIRECalc...

    I also run Cashflows & Portfolios that can help answer retirement income planning and cashflow management questions. Subscribe for free and hit me up if you want to take advantage of our low-cost services! Thanks for your readership. Mark

  4. Sep 14, 2023 · Using a calculator to help plan your retirement as a couple. Once you’ve thought through the what, when and how of your retirement, you can begin to put numbers to an actual retirement budget. Estimate as closely as possible your retirement income, and your weekly/monthly expenses, taking inflation into account.

  5. The Canadian Retirement Income Calculator will provide you with retirement income information. This includes the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits. To estimate your retirement incomes from various sources, you will need to work through a series of modules. You will then need to compare them to your ...

  6. Feb 6, 2024 · A spousal RRSP is a special type of Registered Retirement Savings Plan that can be helpful to couples with meaningfully different incomes. (It’s also one of the few times it can strengthen a relationship to bring up the fact that one of you makes more money than the other.)

  7. Feb 2, 2024 · A Spousal RRSP is a registered retirement savings plan designed for couples, married or common-law, and allows one partner to contribute to the other’s RRSP. The individual contributing to the Spousal RRSP get the tax deduction, but the plan is in the non-contributing spouse or common-law partner’s name.

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