Choose your legacy

Enter an amount you wish your legacy to be in today's dollars and after all taxes (including probate). This feature attempts to find amounts in one or more time-frames by which to increase or decrease your EXPENSES to both fix any cash-flow issues and achieve the legacy you want. If successful, you will be able to automatically add either positive (in case of increased spending) or negative (in case of decreased spending) EXPENSES.
If there is no solution, or if the result looks strange, you may have an income problem, or you may not be able to withdraw from accounts. Things you can try:
  1. Check the WARNINGS column of the TIME MACHINE table (all years). There may be issues you can address.
  2. Check your DEPOSIT PRIORITIES to make sure your Spending PRIORITIES are set to zero
  3. Check your WITHDRAWAL PRIORITIES to make sure you have not set limits to withdraw from accounts.
  4. Check that you do not have set minimum balances on your accounts.
  5. If you have locked-in accounts (like LIRAs or DCPPs), consider converting them to LIFs/RRIFs earlier. You can do that by editing the account, making sure to click submit to go through all the screens.
  6. Decrease the legacy required, it might be unreasonably high.
  7. Increase the legacy required if you have limits on withdrawals.
  8. Contact us to check your inputs (this is included with your subscription).

If your last TIME MACHINE run used either a Market Model Simulation, or a Market Crashes scenario, that same scenario will be used to determine the EXPENSES for the legacy chosen under that scenario.