Thank you, I think I've got it.
Thanks very much. It does show income now, but from the RRSP/LIRA. I guess I expected to have the accounts named according to their role. For example, if I only want to convert part of an RRSP to a RIF, as indicated in your wonderful e-book, how would I tell the accounts apart?
As well, I am playing with max LIRA (LIF) withdrawal rates and I'm having a hard time with setting the rate. The app asks for a $ or % but that is variable per the legislation. Should I make a withdrawal for each year separately?
Thanks again for your help. And for making this app!
Hello moneyready,
I've created the following accounts:
I've set the age to transfer for each as 55 and I've set the PRIORITY as LIF and RIF first. But when I run the TIMEMACHINE, the RIF and LIF are not being used. How can I force the transfer from RRSP to RIF and LIRA to LIF at 55 so that income (min withdrawal) is drawn?
Thanks!