Our Retirement Planning Process

  • Put it in Writing

    Most people do not have a written financial or retirement plan that outlines how they will convert their assets to income. We utilize a long term cash flow that outlines the various sources of income once can expect in retirement, the timing of that income as well the income available from other assets client may have. A long term cash flow may never be exact but it certainly goes a long way toward answering an individuals most important questions. “Will we be okay financially during our retirement years?” This helps us provide the clarity people need when it comes to retiring in comfort.

  • Your Assets

    Investments are everywhere these days, you do not need to leave the comfort of your home to access them. Despite this, good advice around these investments is not as readily available. The timing of investments or withdrawals, or the registration of the investments you make will impact your net income, net rate of return as well as your ability to collect government benefits and credits. Proper consideration and advice in this area is as important as the investments themselves.

Retirement Specialists
  • Your Risks

    Insurance is a form of protection against a loss. At times a person has a distinct need for insurance, perhaps when they have dependants and debts to be considered. Over time this need may disappear and insurance becomes a want. Perhaps to offset income taxes or as a method of transitioning wealth from one generation to the next. The need for various types of insurance changes depending an individuals circumstances. While working, one may need disability insurance; however in retirement this need could be replaced with one for long term care. It is important to understand your risks and we offer a variety of insurance to protect against that including Life, Disability, Critical Illness, Long term care and Group coverage.

  • Taxation

    Not all income is taxed the same. Tax Efficiency is when an individual or business pays the least amount of tax on a given amount of income. We pay particular attention to understanding a person’s tax bracket now and into the future which helps to determine what the optimal amount and type of income would be appropriate while working and retired.

  • Your Wishes

    Planning for the eventual disbursement of your assets helps avoid the many unintended consequences of an improper estate plan. Ensuring current Will and Power of Attorney, as well as pre-planned funeral arrangements are a good start. Incorporating beneficiary designations and the use of insurance products will aid in the timely distribution of assets as well. Estate planning takes time, there is not much that can be done when it is left to the last minute. Estate planning considerations should be considered at the same time someone is preparing for retirement.

  • Keep it Current

    Change is the only thing we can learn to rely on. So it is important to review where you stand on a regular basis. As time passes and someone situation changes, it is important to update the long term cash flow, retirement projections as well as plans for retirement and the estate. This helps to ensure there are no unexpected surprises.

Contact us for your no obligation conversation

Let us help take the worry and mystery out of planning for your retirement future.  Give us a call today or schedule an appointment and we are happy to talk to you about your goals for retirement.