Why Optiml?
Why Overpay in Taxes with a Generic Plan? You're Unique - Your Financial Plan Should Be Too
Meet Jim
Canadian, Age Fifty
Annual Salary: $73,400.
RRSP: $118,200.
TFSA: $48,000.
Follows a generic plan
Meet Audrey
Canadian, Age Fifty
Annual Salary: $73,400.
RRSP: $118,200.
TFSA: $48,000.
Optiml™ dynamic planner
Poor Timing Leads to Unnecessary Taxes
Jim followed a standard withdrawal strategy for his retirement savings, unknowingly paying more in taxes than necessary.
Audrey used her Optiml™ plan, which identified the right time and amount to withdraw, maximizing her tax savings.
Unwritten rules
Too bad Jim is following an outdated plan and can't quickly update it to reflect this year's significant changes to taxation rules.
Audrey was alerted early enough to make meaningful plan adjustments using the new rules to her benefit.
Immediate Control vs. Delayed Response
Jim received a raise and wanted to adjust his financial plan to take full advantage of the extra income. But he had to wait on his financial planner to create a new plan, and was only given a paper copy, limiting his ability to make further adjustments.
Audrey, in the same situation, quickly logged into Optiml™ and updated her plan herself, maximizing her new earnings immediately and with ongoing flexibility.
...twenty years later
Jim
Age Seventy
Overpaid $114,500 in taxes
Net Worth: $975,000.
Audrey
Age Seventy
Saved $123,500 in taxes
Net Worth: $1,475,000.
DISCLAIMER: Jim and Audrey are composite characters based on Canadian averages for illustration purposes only. The conclusions noted are comparative assumptions using scenarios facilitated using Optiml™ intelligence related to financial optimization and tax planning.