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THE BUDGETING WIZARD

Growth & Income (Step 10)

Step 10 is your investment plan. Split contributions between tax-advantaged and taxable accounts, set your retirement age and risk profile, and watch the Wealth Savings Rate panel respond.

3 min read

Growth & Income is where money you're not spending or paying down debt gets a job. Two input blocks: "Tax-advantaged" (401(k), RRSP, Roth IRA, TFSA, FHSA, HSA) and "Taxable" (brokerage, general investing). Fill the match-captured tax-advantaged buckets first, then taxable.

Retirement age and risk profile

The retirement age slider and risk profile selector (conservative / balanced / aggressive) feed the inflation-adjusted projection. Conservative assumes a lower long-run return; aggressive assumes a higher one. The projection is shown in today's dollars, so the number is comparable to what you spend now.

Good to know

The Wealth Savings Rate panel on the right shows what percentage of take-home is going to wealth-building (investments + extra debt paydown + emergency fund). 10% is a start, 20% is solid, 30%+ puts early retirement on the table.

Tip

Don't skip the risk profile. An aggressive profile at 25 becomes inappropriate at 55. If you're within 10 years of retirement, shift toward balanced.

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