I really appreciate how this platform has helped me plan my retirement. And as well, the excellent advice and ideas from these sessions and from the Q&A’s on Reddit. It gives me great peace of mind and confidence to know I have a solid plan. I used to use a spreadsheet to try to model my retirement - and Adviice just blows me away in comparison. It’s amazing. Thank you so much - and keep up the great work and updates!!
I am a member and I am loving it. However I personally find some items a steep learning curve but these videos and Reddit really help me out. This video especially was of great help. Keep up the great work!
I've just started using your platform recently, and feel I've got a good grasp of the fundamentals (after only a few hours of 'playing with it'), but this video was extremely informative and has helped answer I few questions I had. Thank you! I'm surprised you don't have many views yet....hopefully that'll come with time. I do have other questions, but will use your FAQ's to see if I can get those answered there, and will be on the lookout for more of these videos from you guys.
signed up as of the 1st/nov!!... already loving playing around! - the income / expense set up is critical to establishing the foundational BASE!... Already posted in Reddit.. but the non-reg investments section really need to be looked. GROUPING all non-reg investments together with the same return rate/risk/ metric doesn't seem likely. non-reg GIC may return 3% but a non-reg investment account may return 7%... something to consider.!
Glad to hear you’re enjoying the platform! Just to clarify, the non-reg account will have a different rate of return and risk variability depending on the asset allocation you set for the account. So a non-reg portfolio with $50,000 GIC and $150,000 investments would have a 75/25 asset allocation and have a different return/risk than a portfolio with $100,000 GIC and $100,000 investments which has a 50/50 asset allocation. To get very specific with rate of return, asset allocation, type of return you can go to Planning > Projections > Advanced Options.
I do have a question/comment, after my earlier post: I'm planning on using the 'Cash Wedge' strategy to help mitigate significant/longer than usual market corrections. I'll have 1 (ideally 2) years worth of cash/equivalents in my portfolio from which to use for my expenses (vs having to sell stocks/etfs in my accounts), and hopefully the market rebounds before I need to sell securities to fund expenses (and also allowing dividends to refill some of the cash portion if correction is stubborn). Can this be something you can cover in future video, on how someone could go about setting this up (if even possible)in your tool? I guess I could use the Non-Reg account for this, but just like you have TFSA savings provision (vs TFSA Investments) in your platform, is there a way to have a RRSP/RIF account that only has Cash/Equivalents, which can then be triggered first, in decumulation AI strategy? I realize this is very specific, and probably difficult to incorporate but you guys already do what to me seems like 'voodoo' with your platform :-), I figured it wouldn't hurt to ask.
There isn’t a specific RRSP account for this purpose, but this previous Community comment highlights how to add a cash wedge… www.reddit.com/r/adviice/comments/1eqkx4e/wedge_strategy_in_decumulation_phase/ You could accomplish this by activating a Group-RRSP and using that as the RRSP cash wedge account.
I really appreciate how this platform has helped me plan my retirement. And as well, the excellent advice and ideas from these sessions and from the Q&A’s on Reddit. It gives me great peace of mind and confidence to know I have a solid plan. I used to use a spreadsheet to try to model my retirement - and Adviice just blows me away in comparison. It’s amazing. Thank you so much - and keep up the great work and updates!!
Oh wow! Thank you for the great feedback, that means a lot to us!
I am a member and I am loving it. However I personally find some items a steep learning curve but these videos and Reddit really help me out. This video especially was of great help. Keep up the great work!
Thanks for being a member! Retirement planning can be complex, but we’re always looking for ways to make it easier and more accessible.
I've just started using your platform recently, and feel I've got a good grasp of the fundamentals (after only a few hours of 'playing with it'), but this video was extremely informative and has helped answer I few questions I had. Thank you! I'm surprised you don't have many views yet....hopefully that'll come with time. I do have other questions, but will use your FAQ's to see if I can get those answered there, and will be on the lookout for more of these videos from you guys.
Welcome to the platform! You can also post questions to the Reddit Community, look for a link to the community in the left nav in the platform.
@@adviice_ca I wasn't aware of that (as evident from my second post). I'll check it out, thank you!
signed up as of the 1st/nov!!... already loving playing around! - the income / expense set up is critical to establishing the foundational BASE!... Already posted in Reddit.. but the non-reg investments section really need to be looked. GROUPING all non-reg investments together with the same return rate/risk/ metric doesn't seem likely. non-reg GIC may return 3% but a non-reg investment account may return 7%... something to consider.!
Glad to hear you’re enjoying the platform! Just to clarify, the non-reg account will have a different rate of return and risk variability depending on the asset allocation you set for the account.
So a non-reg portfolio with $50,000 GIC and $150,000 investments would have a 75/25 asset allocation and have a different return/risk than a portfolio with $100,000 GIC and $100,000 investments which has a 50/50 asset allocation.
To get very specific with rate of return, asset allocation, type of return you can go to Planning > Projections > Advanced Options.
I do have a question/comment, after my earlier post:
I'm planning on using the 'Cash Wedge' strategy to help mitigate significant/longer than usual market corrections. I'll have 1 (ideally 2) years worth of cash/equivalents in my portfolio from which to use for my expenses (vs having to sell stocks/etfs in my accounts), and hopefully the market rebounds before I need to sell securities to fund expenses (and also allowing dividends to refill some of the cash portion if correction is stubborn).
Can this be something you can cover in future video, on how someone could go about setting this up (if even possible)in your tool? I guess I could use the Non-Reg account for this, but just like you have TFSA savings provision (vs TFSA Investments) in your platform, is there a way to have a RRSP/RIF account that only has Cash/Equivalents, which can then be triggered first, in decumulation AI strategy? I realize this is very specific, and probably difficult to incorporate but you guys already do what to me seems like 'voodoo' with your platform :-), I figured it wouldn't hurt to ask.
There isn’t a specific RRSP account for this purpose, but this previous Community comment highlights how to add a cash wedge…
www.reddit.com/r/adviice/comments/1eqkx4e/wedge_strategy_in_decumulation_phase/
You could accomplish this by activating a Group-RRSP and using that as the RRSP cash wedge account.