FAQ: What Is The Difference Between Automatic and Manual Saving Modes?

In automatic mode the platform has a default accumulation order of TFSA, RRSP, Non-Reg but will test other accumulation orders automatically using the AI Strategies.

In automatic mode the platform has a default decumulation order of Non-Reg, RRSP, TFSA but will test other decumulation orders automatically using the AI Strategies.

In Automatic mode, if the platform finds extra cash flow (perhaps from tax savings or after debts are paid off) it will automatically invest that extra cash flow.

AI Strategies:

In Manual mode, if the platform finds extra cash flow it will assume this money is spent and only the exact Savings & Investment contributions from Discovery are used and none of the AI Strategies will have any effect.

We strongly recommend only using Automatic mode in retirement to allow the platform to meet your after tax spending goal by drawing down your assets and paying tax.

You can still add manual overrides to contributions & withdrawals in Automatic mode.