This strategy lets you set an exact after-tax dollar amount you want to leave behind for your beneficiaries. Optiml then tells you whether that target is achievable, and how much more you can spend through retirement on top of your base income needs while still hitting it.

Optiml first confirms your desired after-tax income is met every year of your plan. It then checks what your after-tax estate value could realistically be, compares it against your set target, and builds a plan that guarantees you hit that number. Along the way, it calculates your Surplus Spending: how much more you can spend each year, on top of your base income, without ever missing your estate goal.

Your estate financial target is typically made up of your liquid investments, such as your TFSA, RRIF, and non-registered accounts. You also have the option to include physical assets you want to leave behind as part of that overall value. It is recommended to keep them separate, but the choice is yours.