Who is this for ?
For individuals and families to develop and optimize their own financial plans, test them, and stay nimble to changes in their life circumstances, market conditions and tax situation. It is for people who want to have control of their financial life.
For financial advisors and financial planners to devise plans for or with their clients, and easily keep them updated.
For bloggers, journalists, to explore financial scenarios and inform the public about the best strategies for their personal financial plans.
We do not sell or advise on investments.
However we do track them to keep your portfolios updated automatically. Values and distributions are updated daily for North American Stocks, Exchange Traded Funds (ETFs) and Canadian Mutual Funds.
Financial data provided by ©Fundata Canada Inc.
What can it be used for ?
Planning your entire financial life.
Determining the best strategies for where to put money saved (pay down the mortgage, or fund RRSP, TFSA, buy an annuity?).
Planning to buy or sell a house, real-estate investing.
Paying off loans.
Tracking your investments.
Rebalancing your investment portfolio to target asset allocations.
Planning retirement, at any age.
Calculating OAS, GIS, CPP and survivor pensions.
Considering taking commuted value of pension.
Planning for emergencies and setbacks.
Simulating changing financial market conditions.
Determining life insurance needs.
Investing through your private corporation.
Taking salary or dividends from your private corporation.
and more ...
How does it work ?
You will be guided through several input screens to enter your present and planned future incomes,
real-estate properties, loans, expenses, life insurance policies, your priorities for saving and withdrawals,
your accounts and investments, their asset allocations and expected rates of growth at any time in the future.
Given the all the inputs, considered together, cash-flows will be calculated for every year in the future, including tax and government benefit calculations.
We call this the TIME MACHINE. It is a comprehensive financial calculator.
You can edit your inputs and rerun the TIME MACHINE to see the effect on your finances under different scenarios to test, develop and optimise a financial plan.
You can revisit your plan when any circumstances change.
A help page on every screen will guide you through the concepts and links to additional material for reference and study.