Why do reported withdrawals differ from my automatic instructions?
Where to find it: TIME MACHINE results → click the year
Automatic entries are one part of the annual cash flow. TIME MACHINE also makes mandatory withdrawals, pays expenses and taxes, and uses PRIORITIES to resolve any remaining excess or deficit. Its account figures generally show the net movement after these operations.
For example, you might request a $20,000 withdrawal but need only $12,000 after all other cash flows. Some of the excess can be deposited again. Conversely, taxes and spending can require more withdrawals than the automatic amount. A withdrawal is a source of cash, not a measurement of spending alone.
Open the detailed report for the year and compare the account activity, taxes and ending balance. Check contribution room, LIF limits, account minimums and any current-year withdrawals already entered. These can limit an instruction.
An optimized run can replace automatic instructions after the relevant retirement date. Compare an ordinary run separately if you want to test only your own instructions.