You are more experienced now, your bank account is larger, and it is easier to think further ahead.
Each New Year brings about the return of many annual traditions. The packing away of Christmas decorations, the cleaning up after holiday fun, and the January credit card statement providing full evidence of our holiday cheer in carefully calculated columns.
Another annual ritual is the promise many Canadians make to themselves to get their retirement savings plans back on track or make improvements to existing retirement strategies. We encourage all our clients to use the arrival of 2011 as an opportunity to make a new commitment to their RRSP plans and to their overall financial security.
The core truth in the saying 'The more things change, they more they stay the same' is never more evident than when we look at the tax savings available by investing in RRSPs. Use the Tax Savings Calculator link below to see how much tax you can save by making an RRSP investment before the March 1st, 2011 deadline.
Copyright © 2011 AdvisorNet Communications Inc. All rights reserved. This article is provided for informational purposes only and is based on the perspectives and opinions of the owners and writers only. The information provided is not intended to provide specific financial advice. It is strongly recommended that the reader seek qualified professional advice before making any financial decisions based on anything discussed in this article. This article is not to be copied or republished in any format for any reason without the written permission of the AdvisorNet Communications. The publisher does not guarantee the accuracy of the information and is not liable in any way for any error or omission.
You are more experienced now, your bank account is larger, and it is easier to think further ahead.
Without barely a moment’s thought, you would protect your family from an immediate threat.
Do you ever feel like life is too automated? Maybe you’re suspicious of the cruise control feature on your car.
You have worked all your life and saved for retirement. What other planning work could possibly be left?
B. &C. W.
It has truly been a pleasure working with you; sincerely, thank you for everything. Coming into this experience, I knew we had things to improve and work on to get in better financial shape, but getting started seemed like a daunting task and quite frankly, it overwhelmed us. You really took the time to understand our financial picture and helped make sense of our 'chaos' and provided a clear path forward. Not only that, you were also kind enough to share some useful tips and tricks that we will put into practice and be 10X better for it, down the road as we work toward our financial goals. I cannot thank you enough for your efforts!
Alliston, ON
M.O.
We are approaching our retirement and I had been feeling for some time we needed to simplify our complicated financial picture. I also wanted to get a clear handle on whether we would be able to fund our retirement goals and still provide a legacy for our children.
Our financial picture is complex as we owned 3 properties, holding companies, a trust, exotic investment products, several separate investment accounts, run our own business and had some debt. I sensed our financial planning process would be time-consuming and would likely veer into areas beyond ‘just money’. I was looking for someone both I and my husband could feel comfortable opening up to as a trusted partner for us. Of course I was also looking for someone wicked smart who knows a lot about tax, corporate structures and investment and retirement planning.
We did a thorough search of advice-only financial planners and interviewed several before choosing to partner with Jacquie. She had come highly recommended.
Jacquie has been a godsend. She did a deep dive into our financial position and created an initial bespoke plan to help clarify our financial position. She then helped facilitate conversations with us as we made some tough decisions. As we shifted our assumptions about what we wanted and expected for the decades to come, Jacquie ran several fresh scenarios for us.
In the end, we felt comfortable with the final version of our plan and understood the guidelines we need to be aware of to stay on track. Jacquie then introduced us to some very smart, experienced professionals in the investment industry who we are considering partnering with to manage our portfolios.
It’s a relief to have completed this process. I sleep much better at night, literally. It is also reassuring to know Jacquie is a call away to help us think through any changes to our financial picture in the years ahead. M.O., Toronto, ON
Toronto, ON
