The key to a rewarding and fulfilling retirement is making best use of your time, your health and the financial assets you have taken a lifetime to accumulate.  Our six-step process can help to ensure that the possibilities in your own retirement are maximized.  By guiding you along in these steps, we know we can help you improve your situation and enjoy your retirement years. 

 

Step One              Have a written plan that will merge your life priorities with your financial resources.  Most people have no plan at all, even though they work with a “financial planner.”  Have you thought about how you will spend your time in retirement, where you will live, how changes to your health may affect your plans?  Do you have a written blueprint for converting your assets into income? 

 

Step Two               Consolidate your income-producing assets with one advisor.  You cannot have the best possible results if you have assets scattered about with different advisors and institutions. Conflicting advice is inherent in such a situation.  It is stressful and counter-productive to an efficient income plan.  Do your homework and find a specialist you trust who has access to a wide range of financial tools and products, then simplify your life.   

 

Step Three             Layer your different sources of income in the most-efficient manner, not only for today, but for future years as well.  Which assets and sources of income should you use today, and in what order?  Which assets should you defer? 

 

 

Step Four               Structure income in order to preserve valuable tax credits and other government benefits.  Often we find that people are losing these entitlements needlessly.  It’s a form of double taxation to have the Age Credit and OAS clawed back. Avoid this unnecessary loss and you will preserve other assets in the long run.

   

Step Five               Have a process for investing your income-producing assets and creating the cash flow you need.  By using a proven procedure specific to the income years, you will combine safety with growth potential, and secure your retirement income over the long term.   A documented plan to accomplish these objectives will give you peace of mind, so you can enjoy this time of your life. 

 

Step Six                  Implement cost-efficient and tax-efficient solutions to cover potential health-cost risks and wealth transfer strategies.  Prepare for the later years of retirement with creative tools and planning.  This will provide you with greater freedom and discretion as to how you use your money to do the things you want to do in the earlier years.  

 

You need the services of a specialist to construct your own personal plan.  The skills and attributes that were helpful in accumulating your financial assets are not the same as those that are required to devise an effective income plan that addresses the changing stages of retirement.    

 

We are consultants and educators working with a variety of financial institutions to train their advisors in the skills required for this type of planning.  But our first line of practice is in working with individual clients to devise, execute and monitor their plans to help them achieve their personal objectives.  We work with clients in all provinces from Ontario to B.C..  If you would like to talk to us about your own situation and see if there is the potential to work together, please feel free to call us, toll-free at 1-888-949-7743.  

 

Let us show you how much better it can be.