Retirement Planning Tools
Fidelity Retirement Readiness Snapshot™ – Want to get a quick picture of where you are in saving for retirement? With just six simple questions, Snapshot shows you how close you are to what you’ll need for retirement. And once you’re done you can manipulate different factors to see how adjusting your plans can bring you closer to your goals. Then print a report to study further and discuss with your advisor.
RIF/LIF Illustrator – Find out how much income your Registered Savings plan will generate in retirement.
RRSP Calculator – Calculate how much you will need to save between now and the day you retire.
RRSP Illustrator – Get a personalized assessment of the tax benefits you gain by investing in your RRSP.
RRSP Loan Planner – Find out how an RRSP loan could help boost your income at retirement.
Registered/Non-Registered Comparison – Weigh the benefits of registered versus non-registered growth.
Your Estate Plan – Getting Started – Thinking about death and putting off planning your estate – one is difficult and the other is very easy. Together, if they remain ignored, the two can combine to create a sticky situation for you and your beneficiaries.
Use our 5-step process to get you started on your plan, then work with your advisor to put your plan in action.
RRSP or Capital Gains? Why not both? – Does investing in an RRSP still make sense? This one-page summary gives you the facts.
Investment and Saving
Growth calculator – Shows the growth of a lump sum or periodic investment over a given number of years. You choose the rate of return, inflation rate, and tax rate.
Spend and save calculator – Calculates the amount of savings by cutting back or reducing various types of spending. Expenses on items, such as ‘dining out’, entertainment, or impulse purchase, can significantly increase savings, year over year.
Advantage of Early Investing – Learn the importance of investing early and on a regular basis.
Investment & Regular Deposit – See how your one time investment or regular deposit program will grow over the years.
Investment & Regular Withdrawal – Calculate the regular income stream generated by your non-registered investment.
RESP Calculator – Discover how much your money can grow in an RESP with the added contributions from the Canadian Education Savings Grant. This tool also helps you figure out how much you will need to save for your children’s education.
T-Series Information – Getting income from your investments can be a good thing. But getting tax-efficient income is even better. By using the Mackenzie T-Series funds, making the transition from accumulating wealth to drawing income becomes a lot easier.
Mackenzie Mutual Fund Tax Guide – Do you understand how to file the tax slips you receive from your mutual fund investments? The Mackenzie Mutual Fund Tax Guide provides you with a summary of tax information designed to help you prepare your annual tax return.
Income Splitting – One of the easiest ways for families to reduce taxes is through properly structured income splitting, that is, shifting income from a family member in a high tax bracket to those who pay a lower rate of tax. This brochure shows you how income-splitting can leave your family with more funds available for other financial planning goals.
Mortgage and Lending
Mortgage Qualifier – Thinking about buying a home but don’t know whether you would qualify for a mortgage? Use this calculator to find out how much you could qualify for and what your monthly payments would be.
Mortgage and Loan Amortization Scheduler – Want to know how much your mortgage will actually cost you? This easy to use tool provides a detailed payment schedule for your mortgage or loan based on the mortgage or loan amount, payment frequency, interest rate and the amortization period information you provide.
Debt Consolidator – Looking to consolidate your high interest debt into one easy to manage payment? This calculator can show you how much you might save by consolidating your debt at a lower interest rate.
T-SWP ® calculator – The Fidelity T-SWP calculator can help you learn more about our free tax-efficient cash-flow service (T-SWP) and how it can meet your cash flow needs. Consult your financial services advisor for more information.
Tax calculator – Fidelity’s Tax Calculator allows you to enter information for common income, RRSP contributions, additional deductible items, and taxes paid, in order to estimate your tax refund or balance owing. You will find a summary that highlights the tax savings resulting from your RRSP contribution and the impact it has on your taxes. We recommend you consult your investment professional or tax advisor for a comprehensive review of your personal tax situation. Calculations are available for the last two taxation years. Before you start, you may wish to review the calculator’s assumptions and instructions.
Special savings estimator – Determines the amount of savings required to purchase a car, boat, house or other big ticket items.
Household Cash Flow Statement – The first step in building a wise financial plan is determining your family’s income and expenses. This tool makes it easy.
Net Worth Statement – Complete your personal financial picture by pin pointing your personal assets and liabilities.