How do I add my pension?

In Gilded, you have three options to include your pension:

• Add it as an Asset. This works best if you have a defined contribution pension. You can get the present cash value from your HR and enter it into Gilded as a financial asset. You can update it each year to ensure the projections stay current. If you ever leave this job, you can transfer the cash to a LIRA and track that in Gilded, or leave it invested in the pension and Gilded will track that, too.
• Add it as a future Income Source. This works best if you have a defined benefit pension and know exactly how much money you'll receive at what age when you retire. You can get your projected pension income from your HR and enter it into Gilded as an income source. Simply set the start year to the year you plan to retire, and the end year to “End of Plan” (the nicest way to say your death!).
• Add it as Income with Pension Adjustment. This works if you have your employer matching or you have a % taken off your paycheque each month. You can toggle on PA when you're entering an Income and it will adjust your RRSP contribution room the following year.