Retirees
As a retiree, you can count on us to provide you with the financial guidance you need to navigate this new chapter of your life. We understand that your needs and concerns are unique, which is why we take the time to get to know you and tailor our approach accordingly. Our aim is to equip you with the knowledge and support necessary to make informed financial decisions with confidence. Let us help you achieve the financial security and freedom you deserve in retirement.
Retirees
Savings
The Tax-Free Savings Account is a useful tool for achieving your savings goals, as it allows you to earn investment income and capital gains tax-free.
Goals can include building an emergency fund, saving for a down payment on a house, or planning for retirement.
rrif
A Registered Retirement Income Fund is a type of retirement account designed to provide a steady stream of income for retirees by converting their RRSPs into taxable withdrawals.
tax planning
As you approach retirement, it’s essential to have a solid tax planning strategy in place. Tax planning involves evaluating your financial situation to minimize the amount of taxes you owe. This can be accomplished through various strategies, including taking advantage of tax deductions and credits, investing in tax-advantaged accounts, and timing withdrawals appropriately.
cpp/oas
Canada Pension Plan and Old Age Security are government programs that can provide you with financial support during retirement.
While CPP is based on your contributions made during your working years, OAS is a universal benefit for Canadians over age 65.
It’s important to note that the benefit amount may not be enough to cover all expenses in retirement, so it’s essential to plan ahead and save additional funds for retirement.
insurance
Life insurance in retirement can provide financial protection for your loved ones after you’re gone. It can offer a way to cover expenses such as funeral costs, outstanding debts, and finale expenses providing peace of mind, knowing that your loved ones will be taken care of financially even after you’re gone. While there are different types of life insurance policies available, it’s important to consider the costs and benefits of each to determine what type of policy is right for your individual needs and circumstances.
estate planning
Estate planning is the process of creating a plan for the management and distribution of your assets after your death. This can involve creating a will or trust to designate beneficiaries and determine how your assets will be divided. Estate planning can also include making arrangements for the care of minor children or elderly dependents, as well as planning for potential incapacity or disability. The goal of estate planning is to ensure that your assets are managed and distributed according to your wishes, and that your loved ones are taken care of .
