How It Works
Discover how our comprehensive suite of tools can help you plan, track, and optimize your retirement strategy.
Step 1
Create your profile
Choose Your Analysis Type
Individual Analysis
Create a personalized retirement plan focused on your individual financial goals and circumstances.
Joint Analysis with Spouse
Optimize your retirement strategy together, considering both partners' finances, goals, and shared future.
Location
Province/Territory for tax purposes
Income
Current and future
Investment Details
Registered & Non-Registered
Expenses
Annual Household Expenses, Debt Obligations, and Desired After-Tax Income
Goals
Vacation, Real Estate, Renovations, Wedding, Vehicle, Boat, Education, Charity
Assets
Real Estate, Life Insurance, Operating Business, CCPC, Investment Fund, Personal Assets
Step 2
Set your Estate Goal
Choose your preferred estate planning strategy. Each option leads to a different financial plan optimized for your specific goals.
Goal-Based Planning:
Set your desired estate goal, and Optiml will work backward to identify the most tax-efficient path to help you achieve it.
Optimized Goals
Maximize Estate Value
Prioritize the growth and preservation of your wealth to ensure the largest possible estate is passed on in the most tax-efficient way.
Balance Spending & Legacy
Achieve the ideal balance between enjoying your retirement lifestyle and securing a financial legacy with a set goal for the next generation.
Maximize Spending
Focus on spending: Maximize annual retirement spending and draw your savings down to zero by the end of your analysis.
OR
Traditional Financial Planning Approach
Follow a conventional planning strategy where you choose your deposit and withdrawal preferences and government benefit start dates. Compare this baseline with our optimized strategies to understand potential tax savings.
Traditional Strategy
Take control of your retirement planning by selecting your preferred:
- Order and timing of account deposits
- Withdrawal sequence from different accounts
- Age to begin receiving CPP/QPP benefits
- Start date for OAS payments
Step 3
Generate your personalized financial plan
Choose between our goal-based optimization or traditional planning approach, then customize it to fit your exact needs.
Goal-based Financial Plan
Our advanced optimization engine runs hundreds of thousands of simulations to find the optimal strategy for your chosen goal.
Applied to the below Estate Goals:
Maximize Estate Value
Balance Spending and Legacy
Max Spend
Key Benefits:
- Identify the most tax-efficient strategy for your estate goals
- Optimize deposits into TFSA, FHSA, RRSP, and Non-Registered Accounts
- Tailor a tax-efficient withdrawal strategy
- Get a personalized action plan—no guesswork needed
Processing Time
4-8 minutes
Traditional Planning Analysis
Follow conventional financial planning approaches while understanding the potential tax savings available through optimization.
Applies to users who want to:
Establish a baseline using traditional planning methods before exploring how optimization could enhance your retirement outcomes through tax savings.
Key Benefits:
- Understand the potential tax savings from traditional planning
- Compare traditional planning with optimized strategies
- Establish a baseline for retirement planning
Processing Time
20-40 seconds
Add Your Personal Touch to the Math
While our goal-based plans are mathematically optimized for tax efficiency, we understand that personal preferences and unique circumstances matter too. The Custom Plan feature lets you build on Optiml's optimization by making targeted adjustments to deposits and withdrawals, or creating your own plan from scratch—combining the power of our tax optimization with your personal insight.
Ultimate Control: Create Your Custom Plan
Take complete control of your financial future with our most powerful feature. The Custom Plan option gives you the freedom to:
Build From Scratch
Create a completely custom financial plan tailored to your exact specifications
Modify Existing Plans
Fine-tune any goal-based or traditional plan you've already created
With the Custom Plan feature, you can:
Manually override any deposits or withdrawals with precise control
Adjust the timing and amount of transactions to match your preferences
Test different scenarios to see their immediate impact on your plan
Make targeted adjustments while still benefiting from our tax optimization insights
Processing Time
15-20 seconds
Step 4
Put your tailored plan into action
It's more than just numbers—it's your roadmap to achieving your goals. With clear steps and actionable insights, you have everything you need to take control, stay on track, and build the future you envision.
Ready to build your own plan that works for you?
Start Your Free Trial Today
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