How do I schedule a withdrawal from a specific account?

Open AUTOMATIC SAVINGS and WITHDRAWALS and add an entry. Select the account first; it must already exist in ACCOUNTS and INVESTMENTS. Choose the recipient of the withdrawal and set its start and end.

Select the fixed-amount mode in today’s dollars, or future currency if the amount is already specified for the future date. Enter a negative amount for a withdrawal. For example, an annual $12,000 withdrawal is entered as -12000. Review indexing if the withdrawal repeats.

For a single withdrawal, use the same start and end date and enter the full amount. For a recurring partial-year withdrawal, enter the annual rate: $1,000 a month for three months is -12000 per year with dates three months apart.

An RRSP or RRIF withdrawal uses money already held in your plan. It belongs here rather than in INCOMES as an external source. TIME MACHINE includes the applicable taxable withdrawal in the tax calculation while reporting it separately from external income. Entering the same withdrawal again in INCOMES would count the money twice.

Save and run TIME MACHINE. The request remains subject to available funds and account restrictions. Its report shows the net account movement after other withdrawals, deposits and cash-flow adjustments, so it may differ from the automatic instruction alone.