I've been preparing for our first drawdown, and one thing has me confused. We retired pre-55 and I have had salary continuance up to and including May of this year. This is my spouse's first year of zero non-investment income, and will be one of two such years in her life - my pension will be shared with her in two years when I turn 55. My logic says to withdraw some of her RRSP this year as her projected lifetime lowest income year, but the withdrawal optimizer does not recommend that. Not sure if I missed a button or misfired a synapse - feel free to look at our most recent run :)

Ok, I've been plugging away at my financial plan in the MoneyReady app for a few weeks and I now have a plan of record that I'm happy with. I expect to revisit the app on rebalancing dates and any other major events that might adjust my plan, and I expect to sleep soundly in the interim. Although the process and out of necessity the tool are complex, I would not have been able to recreate such a detailed plan without it - my options would be to rough it out in excel and sleep poorly, or pay thousands annually for professional planning support. This is a powerful - no, invaluable tool for Canadian DIY financial planners and investors, and I'm honestly shocked I can find so little about it online. Thank you for developing and supporting the app and your responsiveness when I needed help!

I've noticed that my NRSP is fully taxed on my death. My spouse is the beneficary of my interest from that account, and my understanding is that if the Deceased’s Will names the Deceased’s Spouse or Common-law Partner as the beneficiary of their interest in the account, the investments will transfer to surviving Spouse or Common-law Partner on a tax deferred basis. I may have either misunderstood the treatment or missed a setting. Any help or guidance appreciated!

This question is related to Scenarios vs the 100 Monte Carlo runs. When using the 2023 FP Canada Standard Council values for the Scenario, then running Timelime, then the Monte Carlo, at least for me the Timeline projection substantively outperforms the median Monte Carlo result. The question is whether the FP Canada Standard Council is more optimistic than the Society of Actuaries or could something else be at play, for example timeline presuposes continuous annual outcomes and variability (ups and downs) in the Monte Carlo runs are the likely culprit we need to plan for?

Bonus question: Moneyready uses the FP Canada Standard Council's long-term projections for returns, but not for inflation which is set for 2.9% (the actual) vs. the council's projection of 2.1%. Is there a way to future date an improvement that will align to the projection?

I'm new to the MoneyReady app and I've been tweaking my plan and enjoying the process. I've run the Withdrawal Optimizer and it recommended improvements that will substantively improve our long term outlook, but outside of adjusting the CPP age manually I can't find a way to apply the recommendations to my plan so that it becomes my plan of record so I can stress test against the monte carlo simulator. I assume it will involve changing future dated priotities, but how should I go about this or is there an easy button I'm missing?