My Tools and Services!
Need help with any retirement income drawdown order or projection for your retirement?
Canadian Dividend Stock Tools:
Look no further this site (tsx.exdividend.ca) to sort and filter dividend stocks in our Canadian market.
Financial Independence Calculators:
Check out networthify.com. A killer tool to reveal your financial independence number!
Want to know how long your money might last – using Monte Carlo simulations? Check out FIRECalc.
“FIRECalc looked at the 110 possible 40 year periods in the available data, starting with a portfolio of $1,250,000 and spending your specified amounts each year thereafter.
Here is how your portfolio would have fared in each of the 110 cycles. The lowest and highest portfolio balance at the end of your retirement was $-1,401,172 to $15,513,124, with an average at the end of $3,072,711. (Note: this is looking at all the possible periods; values are in terms of the dollars as of the beginning of the retirement period for each cycle.)
For our purposes, failure means the portfolio was depleted before the end of the 40 years. FIRECalc found that 16 cycles failed, for a success rate of 85.5%.”
Make sure you check out the book related to this subject: Retirement Income for Life.
Not sure how to visualize your portfolio or backtest portfolio returns? This site is one the best I’ve seen at this – and it’s FREE. Check out Portfolio Visualizer.
Vanguard has an excellent retirement nest egg calculator.
Here is an excellent TFSA calculator here showing how to generate a $1 million portfolio tax-free.
Another powerful and simple TFSA calculator thanks to Wealthsimple.
Financial Mentor has a great FREE calculator.
How Much Are You Paying (and losing) in Fees?
Curious about market volatility and returns?
Check out this tool from Steadyhand – showing the historical returns of key asset classes and how diversification can affect a portfolio’s potential volatility and returns over the long run.
Find 40+ general, quick and easy calculators here on TimeValue.com
Retirement Draw Down Calculators:
Here is an excellent RRSP/RRIF withdrawal calculator.
Need a LIF payment calculator? Moving your LIRA to LIF? See what those payments could be here.
Need to figure out your Foreign Withholding Taxes (FWT) when it comes to your ETFs? PWL Capital built one.
Use this FREE Canada Pension Plan (CPP) calculator? A free one?
Visit this site Holy Potato aka John Robertson who updates his CPP calculator annually. Great stuff John!
Government of Canada and related Calculators:
Got a defined benefit pension? Need to know your pension adjustment (PA) for RRSP contribution room? Find out more here.
Adjusted Cost Base Calculators:
Need to keep track of your Adjusted Cost Base in a non-registered account? Use this free Adjusted Cost Base calculator.
Mortgage and Debt Calculators:
This is one of the best rent versus buy home calculators I’ve used, thanks to the New York Times.
Mortgage Comparison Sites:
RateSpy.com is one of my go-to sites for mortgage rates.
I tend to giveaway online promo codes to use TurboTax Canada every year. Just search “TurboTax” on my site. 🙂
I’m a huge fan of this free site for tax information: TaxTips.ca
Check out these great Canadian resources below:
Ratehub – compare mortgages, credit cards, insurance and more!
MoneySense – regular features and expert insights on family financial planning, investing, real estate, travel, retirement and more!
CreditCard Genius – my go-to site dedicated to comparing credit cards in Canada.
EnergyRates.ca – unbiased insights comparing energy rates in BC, Ontario, Manitoba, Saskatchewan, Alberta and soon Quebec.
Some great dividend sites I’ve enjoyed:
Sure Dividend – including this guest post about owning U.S. dividend aristocrats – should you own them?