Hi.

We use our TFSA accounts as an Emergency Fund, so when I run the WITHDRAWAL OPTIMIZER I don't want it to withdraw anything from these accounts, so I set their Withdrawal PRIORITYs as follows: Bottom of list of Withdrawal Accounts with Limits % = 0.0.

But when I run the WITHDRAWAL OPTIMIZER it (still) withdraws a few thousands of dollars from these TFSA accounts in the first 5 years, and then deposits money in the remaining years.

It's not a huge deal in my long-term financial planning, and I suspect it has something to do with the complexities of the WITHDRAWAL OPTIMIZER algorithm explained in the eBook (p.99), but is there a way to set things up so that it never withdraws from a certain account?      Then I won't have to answer that question when my spouce eventually asks. 😉

Thanks for great application.

Paul D.

I imported all my 35 Wealthica Investments over 8 (RRSP, TFSA, LIRA) accounts. The problem with dealing with so many individual investments is entering the detailed info for each. Especially the % per year return fields (Income yield, Dividend yield, Capital appreciation growth rate, Capital distribution yield, Return of Capital distribution yield). Some of these are imported (Dividend) or looked up in FUNData, but the expected rate of return is tricker (Capital appreciation growth rate). The one-year back return (ToolTip) displayed is not that useful; you really have to come up with a realistic return for each stock for the long-term (i.e. retirement planning). I'm not sure eactly how to do that. I think it would be a lot of work to figure that out.

So, for now at least, I've deleted all imported Wealthica accounts and investments and manually created just 5 (keeping people and TDA types seperate) holding pots (TFSA-1, TFSA-2, RRSP-1, RRSP-2, LIRA-2) where 1 is me, 2 is my spouce. And then I enter a single Portfolio investment in each account with a Current Value (total of appropriate Canadian & USA TDA accounts) which I copy-paste directly from Wealthica, as well as the total average Dividend Yield (~ 3%) for all holdings and my expected total return which is ~ 6% (investments were selected to reach this target). So Capital appreciation growth rate ~= 3%.  And that's all I enter (i.e. no asset targets, etc.)

Question: I understand these simplied ACCOUNTS and INVESTMENTS won't be as accurate as having the actual investments with detailed info, and stuff won't get updated, but I thinking it should be pretty darn close, and a good (KISS) way to start...    Thoughs on this approach?

Thanks you.