A great retirement starts with a great plan

Regardless of your age, you should be saving and investing for the years you will spend in retirement. You should also think about what you want to do before then. What do you want to accomplish before retirement? What do you want to maintain or do differently during retirement?

For each person, the best retirement plan will mean something different. What is important is to have a plan even if it is likely to change over time. Setting a goal for how much you will set aside for retirement savings, how much you will donate to philanthropic causes, and how much your family needs to have the lifestyle you want for them will help you set the stage for a successful retirement.

Talk to us about your plans and goals so you can work towards the retirement plan that works for you.

During your working years, we will:

  • Take a holistic look at your goals and set up a personalized strategy to help you achieve them.
  • Analyze your expected sources of income, longevity expectations, and lifestyle.
  • Make the most of your unused RRSP contribution room.
  • Ensure your wills are updated and that appropriate trusts are in place to secure the course of your wealth if complex family circumstances call for them.
  • Work with your accountant to structure your holdings tax-efficiently to minimize the presence of the Canada Revenue Agency (CRA) and Internal Revenue Service (IRS) in your life and reserve your assets for your kids.
  • Start a relationship with your children and/or your aging parent with a discovery call or a visit to learn their goals for the future.
    • Open an account for them when they are ready, provide recommendations, and educate them on the fundamentals of investing and wealth planning, keeping the experience light and enjoyable.
    • Extend the same asset management fee to the entire household from age 18+, to help your loved ones begin to invest and plan to achieve major goals.
    • Be discreet and mindful of mutual privacy.
    • Explain why if certain investment ideas that may seem intriguing could be risky or ill-advised.
    • Help your family members move forward with informed decisions based on sound investing principles.
    • Provide education and strategies to deal with difficult markets and emotional bias. Including:
  • Be diversified
  • Take a long-term view. Time matters more than timing
  • Help your family manage conflict to avoid long-term challenges, keep lines of communication open, and prepare in advance for major life transitions.
  • Help you implement sophisticated strategies such as an estate freeze to transfer your wealth to your heirs tax-effectively.
  • Act as objective, caring advisors by your side to help you make rational decisions in family financial matters that are often fraught with emotion.
  • If you are a business owner, we will:
    • Engage our in-house business valuation team to help you determine what your business is worth and how to compensate any children who are not in the business to equalize the bequest.
    • Secure potential buyers for your family business if no family members wish to manage it when you are ready to step away.