Retirement Income Planning
Serving Burlington, Oakville & Surrounding Areas
REDUCE TAXES – MAXIMIZE INCOME – INVEST SMARTER – PRESERVE WEALTH
What exactly is “Retirement Income Planning”?
Retirement income planning is the process of creating a strategy to replace the monthly pay cheque you’ve been receiving for the past thirty to forty years from the financial assets you’ve accumulated over your lifetime.
Common Concerns of Retirees
- Making sure they can do the things they want in retirement,
- Maintaining consistent income for life,
- Paying less tax,
- Providing financial security for loved ones, and
- Transferring family wealth successfully to the next generation.
Our Retirement Planning Solution:
Create a retirement income & cash-flow strategy that includes but is not limited to:
- Documenting your current situation, income requirements and estate objectives.
- Creating a detailed income & cash-flow strategy that will:
- Outline if you can achieve your goals using cash-flow based financial planning software,
- Utilize ‘what if options’ to maximize your income & cash-flow plan,
- “Stress Test” your plan,
- Detail how to best sequence the withdrawal of income from your various income sources; (CPP/OAS/RRIFs/TFSAs etc.) to reduce taxes and increase asset longevity,
- Provide a strategy on how to best deploy your financial assets and investments to achieve your goals,
- Plan for health care and real estate assets as you age,
- Estimate of taxes and estate costs.
- Ongoing guidance, review, and annual update of your retirement income & cash-flow plan.
- Strategies for the surviving spouse and the successful transfer of wealth to the next generation.
- Co-ordination with your accountant and lawyer.
Families & People Who Can Benefit Most:
Those who are retired or within 10 years of retirement will benefit most if they:
- Wish to find out if they are on track.
- Want to develop a reliable retirement income & cash-flow stream that will last a lifetime.
- Would like to feel in control of their financial future and wish to make sure they will be able to do what they want, when they want.
- Wish to minimize taxes today and in the future.
- Would like to provide for their spouse/family if they are no longer around.
- Desire the efficient transfer of wealth to the next generation.
Free Download – White Paper: Your Retirement Road Map: How to Make the Transition to Retirement
Cash Flow Planning Questions We Help Answer For Our Clients
- Do we have enough?
- How much can we spend each year without running out of money?
- How do we create a monthly paycheque to our bank account?
- When should we start to collect government benefits such as Old Age Security and Canada Pension Plan?
- Whose account should the income be withdrawn from?
- How do we coordinate all our sources of income from sources such as CPP, OAS, pensions, investments, TFSAs, RRSPs and RRIFs?
- What do we do with our company savings plans and pensions?
- Should we take an early retirement package?
- How do we reduce the taxes on our income?
Download Your FREE HARD COPY of our recently published Book PRESERVING WEALTH: THE NEXT GENERATION
The definitive guide to protecting, investing, and transferring wealth.
You can purchase a Hard Copy of Preserving Wealth HERE
Download your FREE copy of our White Paper: “Your Retirement Road Map: How to Make the Transition to Retirement HERE
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