WisePlan Wealth

WisePlan Wealth 1.8 – our biggest upgrade yet! SAVINGS BEFORE RETIREMENT (NEW) • A new Savings Before Retirement card: enter your income and yearly RRSP, TFSA and non-registered (or 401(k), Roth IRA and brokerage) deposits until you retire. See your take-home pay, what's left to spend each month, and what each account could hold at retirement. Your plan then starts from those balances. • "Grow today's balances until retirement": one checkbox grows your current balances from today to your retirement date. • Employer match: add a match rate and annual cap (in Canada, DPSP or Group RRSP), kept within contribution limits. • Self-employed? Enter net business income, or salary plus eligible or non-eligible dividends if you're incorporated. • Unused RRSP room: add carry-forward room for a more accurate tax saving. TRUE COUPLE TAX PLANNING • Taxes are now calculated for each spouse separately, the way CRA and the IRS actually assess you, instead of lumping a couple together. • Survivor years are handled properly: in the US, the surviving spouse moves to Single filing; in Canada, CPP survivor benefits and the OAS increase at 75 are built in. • GIS is treated as tax-free, US senior deductions are updated, and inherited-IRA tax now uses the right rates. MARKET RESILIENCE, REBUILT ON REAL HISTORY • Your plan is stress-tested against real historical market sequences, run as 7-year blocks of actual past returns and inflation, not made-up bell curves. • It uses the life expectancy YOU enter. No random lifespans quietly changing your results. • Inflation swings now follow the inflation volatility you set. THREE NUMBERS REFINED • Retirement %: how long your money lasts compared to the years you need. Above 100% shows your extra safety margin. • PV Funded: whether today's assets cover the present value of what your plan has to pay. • Market Resilience: the share of real-history scenarios where your money lasts and still leaves the legacy you asked for. • Clearer definitions explain exactly what each number means. EVERY DOLLAR ACCOUNTED FOR • A year now counts as funded only if your spending is fully covered, to the cent, after income tax, the OAS recovery tax, and credits like the groceries benefit. • Minimum Legacy now means one thing everywhere. Set $100,000, and Resilience, Maximize Spending and Master Optimizer make sure you leave more than that. FASTER, SMARTER OPTIMIZERS • Optimize, Maximize Spending and Master Optimizer have been reworked for speed and fixed so they never suggest $0 spending. • CPP/OAS and Social Security timing advice now uses your actual life expectancy. POLISH • Your app version is now shown in the menu. • Clearer wording throughout, including how savings before retirement grow. • Many smaller fixes and refinements. Behind the scenes, 1.8 passes hundreds of automated accuracy tests, including hand-checked tax returns and known-answer plans. Plan with confidence.