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	Flash Demo
	Screens
	Wizards
	Pension plan Add-in

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	Release Dates
	About Monte Carlo Simulations

RetireWare Screens

More information on the look and feel

Workspace

1. You can access any of the windows from the menus, toolbar and listbar.

Wizards

2. RetireWare has powerful wizards for all the major components of the software: a Quick Calculation Wizard, a Budget Wizard, a Net Worth Wizard, an Asset Allocation Wizard and a comprehensive Step-by-Step Retirement Wizard. To make it even easier, it also has printable 'cheat sheets' in PDF format that can be used to collect all required information away from your PC.

Data Summary

3. The Data Summary is a convenient list that shows you all data entries and selections at a glance, with a direct link to all data windows.

Asset Allocation Graphs

4. After completing the Asset Allocation Wizard, this window displays the registered and non-registered portfolios' asset allocation and quantifies the deviation from the target asset allocation.

General Information

5. You can do an independent calculation for each spouse and then combine each of your files for an integrated calculation for both spouses.

Savings Plan

6. You can specify a personal retirement savings plan in addition to any employer retirement plans.

Retirement Income Target

7. You can formulate a retirement income objective in terms a percentage of gross or net pre-retirement income, post-retirement budget or a specific dollar amount, with or without annual cost-of-living increases. In addition, for maximum flexibility, you can plan for one-time or periodic special expenses during retirement.

Economic Outlook

8. You can use RetireWare's economic forecast or select your own expected rates of return for each asset class.

Financial Information

9. Our real life model takes into account not only the market value of your non-registered assets, but also their book value. Also, you can use a portion or all of the proceeds of the sale of your personal residence for retirement income and life insurance proceeds are added to the non-registered assets of the last surviving spouse.

Registered Investments

10. RetireWare keeps track separately of your registered assets in RRSPs and RRIFs and assets in locked-in accounts to apply the special withdrawal provisions applicable to each type of account. You can choose to receive your withdrawls from a RRIF or as an annuity. As well, RetireWare supports Spousal RRSPs and province-specific Life Income Funds (LIF) and Locked-in Retirement Income Funds (LRIF).

Other Assets

11. RetireWare accomodates all kinds of assets, such as property other than the principal residence, business ownership, cash value of life insurance, retiring allowance, other future payments or inheritance.

Other Income

12. In addition to employment earnings and all types of investment income and registered withdrawals, RetireWare supports many other special income, such as rental and dividend income, pensions in-payment and prescribed annuities.

Government Pensions

13. RetireWare estimates future Governement pensions, including Canada Pension Plan, Quebec Pension Plan, Old Age Security and Guaranteed Income Supplement. RetireWare applies the OAS Clawback provisions of the Income Tax Act.

Company Pensions

14. RetireWare supports all types of company pension plans, including defined benefit, defined contribution, group RRSP, deferred profit sharing plan (DPSP), even a deferred pension or account balance from the pension plan of a prior employer.

Company Defined Benefit Pension Plan

15. For defined benefit pension plans, based on the annual pension statement information provided by your employer, RetireWare projects future accruals, takes into account bridge pensions, early retirement reductions, pre- and post-retirement cost-of-living adjustments, and survivor benefits.

Custom Add-ins

16. If your employer subscribes to have a customized add-in that reflects the provisions of your pension plan, you can integrate this future asset with maximum accuracy with your other assets, savings and future income streams.

Sources of Income

17. For maximum flexibility, you specify which assets to include as a source of future retirement income. You can include other future retirement income such as part-time earnings, use non-registered investment earnings and capital or investment earnings only, defer RRIF withdrawals as late as possible, take the age of your younger spouse to establish annual minimum RRIF withdrawals, sell your residence and use a portion or all of the proceeds for retirement income.

Asset Mix for Projections

18. Select one of the asset allocation profiles, your existing portfolio allocation or own custom asset allocation. Your selected asset allocation is then applied forward to calculate future expected rates of return used in the projections. There is always a direct relationship between your asset allocation strategy and the risk and return characteristics of your investments.

Tax Information

19. RetireWare's sophistication extends to the calculation of future income taxes. Using marginal tax rates is a simplistic approach that creates large distortions over time. RetireWare applies all existing and scheduled federal and provincial tax rates, scheduled indexation of tax brackets, provincial surtaxes where applicable, federal and provincial non-refundable tax credits, CPP contributions and EI premiums. In addition, RetireWare applies all RRSP deduction rules, calculates pension adjustments and deductible pension contributions.

Summary

20. The RetireWare summary shows graphically the main results: the asset allocation, the deviation from the target asset allocation, the assets at retirement and the shortfall from required assets, and the long-term projection of assets.

Accumulations

21. RetireWare provides a detailed forecast for the projection of assets in both graphical and table format. You can resize the graph and table for optimal viewing.

Income and Cash Flow Forecast

22. RetireWare provides an income and a cash flow forecast in both graphical and table format. You can resize the graphs and table for optimal viewing.