| name | financial-plan |
| description | Build or update a comprehensive financial plan covering retirement projections, education funding, estate planning, and cash flow analysis. Use for new client onboarding, annual plan reviews, or scenario modeling. Triggers on "financial plan", "retirement plan", "can I retire", "education funding", "estate plan", "cash flow analysis", or "plan update". |
| triggers | ["financial plan","retirement plan","can I retire","education funding","estate plan","cash flow analysis","plan update"] |
| tier | core |
| dependencies | ["tax-optimization"] |
| origin | anthropics/financial-services |
Financial Plan
Canadian context override (added during Atlas import). This skill was
imported from anthropics/financial-services with US assumptions baked in
(401k, Roth IRA, Social Security, federal estate tax, 529 plans, RMDs).
Atlas operates in Canadian tax jurisdiction with CC's specific accounts.
The translation table below applies to every reference in the workflow.
When advising CC, use the Canadian equivalents; the US originals are kept
for clarity and so this skill is still useful if Atlas is ever pointed at
a US client.
Canadian translation table
| US (original) | Canadian (use for CC + Canadian clients) |
|---|
| 401(k) | RRSP (Registered Retirement Savings Plan) |
| Roth IRA | TFSA (Tax-Free Savings Account) |
| Roth conversions | RRSP → TFSA strategy after retirement / low-income years |
| Traditional IRA | RRSP |
| Social Security | CPP + OAS (Old Age Security), incl. GIS for low-income |
| Required Minimum Distributions (RMDs) | RRIF mandatory withdrawals starting age 72 |
| 529 plan | RESP (Registered Education Savings Plan, with CESG grant 20% match) |
| Federal estate tax | No estate tax in Canada — instead, deemed disposition at death triggers capital gains; departure tax if exiting Canada |
| Lifetime gift exemption | No equivalent — gifts are tax-free in Canada (no gift tax). Watch attribution rules for spouse/minor transfers. |
| Trust structures (US flavor) | Family trust, alter-ego trust (65+), joint partner trust — different mechanics; use Canadian trust counsel |
| State income tax | Provincial tax — Ontario for CC until Montreal move (then Québec) |
| HSA | No direct equivalent. Health Spending Account (HSA in CA) = employer-administered, different mechanics. |
| Long-term care insurance (US) | LTC riders limited in CA; provincial OHIP/RAMQ + private |
Atlas-specific accounts to map
When applying this skill to CC, the actual account inventory is:
- TFSA — Wealthsimple, growth assets (tax-free compound)
- FHSA — Wealthsimple, opened 2026-03-27, first-home-allocated equities ($8K/yr × 5yr cap)
- RRSP — when CC opens one (currently $0). US dividend stocks belong here under Canada-US treaty (no withholding).
- Non-registered (personal) — short-term speculative, losses offset gains
- CCPC — incorporation trigger at $80K+ MRR (per
brain/TAX_PLAYBOOK_INDEX.md)
- Crypto — Kraken, weighted-average ACB (see
cfo/crypto_acb.py)
- Forex/Gold — OANDA, non-registered
- Departure-tax horizon — exit ages 25-28 via UK FIG → Isle of Man (per
memory/project_exit_plan.md)
For CC specifically, "retirement projections" usually means runway to financial independence, not age-65 retirement. Calibrate Monte Carlo to that target.
Workflow
Step 1: Client Profile
Gather or confirm:
- Demographics: Age, spouse age, dependents, life expectancy assumptions
- Employment: Current income, expected raises, retirement age target
- Accounts: All investment accounts with balances and asset allocation
- Income sources: Salary, bonuses, rental income, Social Security estimates, pensions
- Expenses: Current annual spending, expected changes (mortgage payoff, kids' independence)
- Liabilities: Mortgage, student loans, other debt
- Insurance: Life, disability, LTC, health
- Estate: Wills, trusts, beneficiary designations, gifting strategy
Step 2: Cash Flow Analysis
Build annual cash flow projections:
| Year | Age | Gross Income | Taxes | Living Expenses | Savings | Net Cash Flow |
|---|
| | | | | | |
Key inputs:
- Inflation rate assumption (typically 2.5-3%)
- Tax rate (marginal and effective)
- Savings rate and where savings are directed (pre-tax, Roth, taxable)
Step 3: Retirement Projections
Accumulation Phase:
- Current portfolio value
- Annual contributions (401k, IRA, taxable)
- Expected return by asset class
- Monte Carlo simulation: probability of success at various spending levels
Distribution Phase:
- Required annual spending in retirement (today's dollars → inflation-adjusted)
- Social Security start age and benefit
- Pension income (if any)
- Portfolio withdrawal rate and sequence
- Required Minimum Distributions (RMDs)
Key Output:
- Projected portfolio value at retirement
- Sustainable withdrawal rate
- Probability of not running out of money (target >85%)
- "What if" scenarios: retire early, market downturn, higher spending
Step 4: Goal-Specific Analysis
Education Funding
- Children's ages and target college start
- Current 529 balances
- Target funding level (public vs. private, 4-year vs. graduate)
- Required monthly savings to reach goal
- Financial aid considerations
Estate Planning
- Current estate value and projected growth
- Estate tax exposure (federal and state)
- Trust structures in place
- Gifting strategy (annual exclusion, lifetime exemption usage)
- Charitable giving plans
- Beneficiary review
Risk Management
- Life insurance needs analysis (income replacement, debt payoff, education funding)
- Disability insurance adequacy
- Long-term care planning
- Umbrella liability coverage
Step 5: Scenario Modeling
Run key scenarios:
| Scenario | Probability of Success | Portfolio at 90 | Notes |
|---|
| Base case | | | |
| Retire 2 years early | | | |
| 20% market drop in Year 1 | | | |
| Higher spending (+20%) | | | |
| One spouse lives to 95 | | | |
| Long-term care event | | | |
Step 6: Recommendations
Prioritized action items:
- Savings rate changes
- Asset allocation adjustments
- Tax optimization (Roth conversions, tax-loss harvesting, asset location)
- Insurance gaps to fill
- Estate document updates
- Beneficiary designation review
Step 7: Output
- Financial plan document (Word/PDF, 15-25 pages)
- Cash flow projection spreadsheet (Excel)
- Retirement projection charts
- Goal funding analysis
- Scenario comparison table
- Action item checklist
Important Notes
- Financial plans are living documents — review and update annually or after major life events
- Be conservative with return assumptions — overestimating returns gives false confidence
- Tax planning is as important as investment returns — model tax implications of every recommendation
- Social Security timing is a major lever — model start ages of 62, 67, and 70
- Always stress-test the plan — a plan that only works in the base case isn't a good plan
- Compliance: ensure recommendations align with suitability/fiduciary standards
