I'm Looking To Retire
Helping you Plan for Your Retirement
From customizing your Registered Retirement Savings Plan (RSP)—to providing alternative solutions for unique circumstances—I can help ensure that you're taking advantage of the most tax-effective ways to build your nest egg.
I can help you save for retirement by offering:
Strategies for Maximizing Your Retirement Savings Custom Registered Retirement Savings Plans Solutions for Saving Beyond Your RSP Strategies for Maximizing Your Retirement Savings
When you’re many years away from retirement, I can help you maximize the growth of your retirement savings a number of ways. Some of the key strategies that I recommend include:
•Investing early to maximize the impact of tax-deferred compounding over time
•Contributing to your RSP earlier in the year or on a monthly basis to enhance growth potential
•Investing in growth-oriented investments while time is on your side
Custom Registered Retirement Savings Plans
An RSP is one of the best ways you can save for retirement on a tax-deferred basis. Based on your needs, I custom-design either an individual or spousal RSP:
•Individual RSP - This type of RSP is registered in your name only. The investments held in the plan and the tax benefits derived from it are yours.
•Spousal RSP – This type of RSP enables you to contribute to an RSP in your spouse’s name. The objective is to even out your and your spouse’s income during retirement, so that your combined tax rate is lower than it would be if one spouse earned all the income.
Solutions for Saving Beyond Your RSP
In addition to (or in place of) your RSP, there are several other ways I can help you save more for your retirement on a tax-effective basis. This is especially important if you're a business owner or professional with a high annual income. For example, I can assist you with:
•Individual Pension Plans (IPPs)
An IPP is an employer-sponsored registered pension plan that offers potentially higher tax-deductible contributions for a corporation than an RSP. IPPs are ideally suited for self-employed incorporated business owners or professionals aged 40-71 who earn at least $100,000 annually.
•Retirement Compensation Arrangements (RCAs)
Also known as “super-sized pension plans,” RCAs are intended to provide supplemental pension benefits to business owners, professionals and executives.
•Personal Investment Accounts
A non-registered personal account that focuses on investments that receive more favorable tax treatment can also help meet your retirement goals.
Protecting Retirement Savings
When you're at this stage of the retirement planning process, I will revisit your investment plan to ensure that you are saving enough to achieve your retirement goals and that your investment portfolio has the right balance of risk and reward.
Strategies for Protecting Your Nest Egg
As you’re approaching retirement and protecting what you’ve built, I can help you reduce risk, while ensuring you will have enough to live your desired retirement lifestyle. Some of the key strategies I recommend include:
•Reducing risk and enhancing return potential with advanced diversification strategies such as diversification by geographic areas and sectors.
•Balancing your asset mix between growth and safety
•Considering tax-effective ways to save beyond your RSP
