Ensure you're on the Projections page, as this is where you can make scenario-specific changes. The Discovery and Foundation pages affect all scenarios equally, so use Projections to test different scenarios.
Create a Copy of the Base Scenario:
On the Projections page, start by creating a copy of your current base scenario. You can rename it (e.g., "Base Scenario + Gifts") and add notes to track changes for future reference.
Modify the Scenario:
After copying the base scenario, you can begin making specific changes. For example:
Add a One-Time Expense: If you're gifting money, like $150,000, add it as a one-time expense in the Expenses section. This change will only affect the copied scenario.
Adjust Drawdown Strategy: If you want to change the way you withdraw funds (e.g., from a TFSA instead of a registered account), modify the withdrawal settings in this specific scenario.
Recalculate the Plan:
Once you've made the changes, recalculate the plan. The modified scenario will show the impact of the changes, such as how additional spending (like a gift) affects retirement success rates or taxes.
