SAVE – Retirement Planning
Some mechanisms of saving are in harmony with your goals, setting aside your money in a way that’s accessible as life unfolds. Others are punitive tipping points that can start to form a current against you.
Planning For Retirement in Canada
As we always do, we begin by exploring your tolerance for risk, and choosing how and where you’re saving so we can put your money to work.
YOUR SAVING ARRAY
The goal is to invest a higher proportion of dollars per dollars earned, and to structure that passive capital to be tax efficient.
For personal saving, many people opt for a blend of RRSPs, TFSAs, open accounts, or cash value permanent life insurance. Incorporated people can use their companies as a holding pen for financial growth, setting up Immediate Finance Arrangements (IFAs) to build further wealth with capital inside insurance policies. Or perhaps an individual pension plan (IPP) or a retirement compensation arrangement (RCA), which is like a high-horsepower RRSP with no ceiling.
There are many levers at our disposal, but one of the most vivid is that of mitigating how much money you and your legacy lose to tax. We work in unison with your accountant and lawyer to design and empower your money to amplify and transfer wealth.
“My family is looked-after — what really keeps me up at night are my commitments to my employees. How can I hardwire their security into my business?”
“I already have a bulk of capital saved, but feel it’s not doing enough for me. What’s your approach to the right strategy?”
“Saved money makes money. I know that, but there are so many opportunities to spend it, especially in my business. What’s the path to divert enough to make a difference?”