Other Planning Options
Wealth Accumulation…as you move through the life stages, you want to insure that your portfolios match your current financial objectives, from a risk and return basis. Selecting the right type of investments can make all the difference in eliminating sleepless nights.
Wealth Preservation: Retirement stage ….maximizing your life’s efforts for you and your family.
You have worked hard to accumulate the assets you have. Chances are you want to maximize their value during your retirement and then pass them down to your heirs or charity of choice. Putting in place the right strategies along with the financial products to match, will allow you to accomplish this most effectively.
It is paramount that as you enter the various life stages, in this case retirement, you review your objectives and strategies as they will change. Based upon these changes, you will need to review your investment portfolio to determine if the investments best match your current strategy. An example of this might be during the accumulation stage of life, it often is about the return on the investment, with little thought given to the preservation of the asset and how it will flow to the next generation or be taxed in the estate. When the assets are measured against a new set of objectives to determine their effectiveness, there are usually changes required.
Wealth Distribution….You have decided that you want to leave an estate behind for your family, charity or both. What does your Will say? Your Will and the investment vehicles you choose are the most important pieces in making sure your wishes are carried out and you efforts maximized for your beneficiaries.
Will planning...Part of Will planning is determining what the costs are associated with your choices you make to distribute your estate. Things such as probate fees, legal fees, debt repayment, income tax, recapture tax and capital gains taxes. Where will the money come from to pay for these expenses? Will assets have to be liquidated? Will there be shrinkage? These are a few issues that need consideration.
If you have not heard about "Family Wealth Transfer Programs," "Estate Bonds," "RRSP Melt Downs," "Prescribed Annuities," and "Estate Multipliers," you should have. Most of the strategies and products we use are safe, simple and guaranteed.
Having the right strategies in place can save money, grief, time and resentment.
Talk to us about the things that matter………you and your family’s future!
If you are interested in receiving more information, please contact us