I discovered that some column headers in the TM export file were changed. Just wondering why these were changed and if more are forthcoming?  I transform your export files (TM and Investments) using Power Query and whenever a column header changes, it blows up the transform.  It's all fixable, but I wasn't expecting these changes.

I'm also wondering whether it was just the column titles that changed or if the data in any of the affected columns changed, too?

May I request that changes to the export files be communicated when they happen so that I know what is changing?  Thanks. 

I entered $100000 as an automatic saving from “other” in 2023. It goes to a non-registered account. In Time Machine, it shows up in 2023 as a deposit of $37,283.72. The total for all my account deposits in 2023 is $57,575.32, so it’s not using priorities to reallocate the deposit. What’s happening to the $100,000 deposit?

What is the definition of External income on the report and how is it calculated?

Thanks!

How you have set it up makes sense. 

So, the options are exercised and would be included in the "external" income, with associated taxes calculated accordingly?

That would explain the bump in external income over those 3 years.

Very cool, thanks again.

I did implement employee stock options for you a while back. It’s not a commonly used feature and was a little tricky, so I’m wondering how’s that's working out?

I am confused about the Total Spending result on my TM runs. I plug in that I want $150k spending money (not other entries) at a particular age (71), yet the Time Machine result gives me $165K. Not sure why this is the case. Why would it do this? Is there a way to constrain the TM to provide a hard spending amount?

Thank you so much for the quick responses and updates. MoneyReady is very helpful in knowing when I should convert my RRSP/LIRAs to the corresponding RRIF/LIF accounts, and how to optimize my withdrawals. It also confirmed my intent to defer CPP to age 70. It's exactly what I need.

One more item puzzles me. I have used all my TFSA contribution room. The Withdrawal Optimizer shows TFSA withdrawal of $1887.82 for 5 years from 2024 to 2028 (age 67 to 71), then large contributions (approx $13k to $20k) from 2033 to 2035 (age 76 to 78), then contributions drop back down to the $6k range. I have used all my TFSA contribution room. Can you tell me the reason for these withdrawals and recontributions?

The Investments screen for each account allows me to add specific securities (stocks or funds) by ticker symbol. What are these entries used for, since I am entering projected returns for each asset class anyway?

My retirement income is entered as "OTHER" income but it's actually a defined benefit pension. How do I let the Time Machine know that, and that it can be split between spouses?

Why does the App calculate capital gains each year for taxes even though we have not sold any stocks? Is the reason based on the fact that insufficient cash is available so the App assumes that stocks will be sold to meet the desired withdrawal amount to cover expenses and taxes due?

Hello Elisabeth,

This may be a good article to support your model? 

https://www.advisor.ca/news/industry-news/canadians-make-guesswork-of-retirement-planning/

Money flows out of my spouse’s TFSA and into my unregistered account in 2023 and 2024. Would this not give up a tax advantage?

Is there a way I could set the software to include 2023 data for the full year (not just for the tax number)?