Providing a Different Perspective on Retirement Planning for Professionals
I’ve been focusing more on helping professionals be proactive about their retirement planning because many I know have really been too busy with their careers and life in general to spend any time on looking seriously at their retirement plan.
Too many also have most of their retirement income sources as taxable (pension, RRSPs, CPP, etc). Even if you have a bit of what’s available through the TFSA program, you’re risking paying high taxes and claw back of government programs if you go beyond a certain threshold – for example – to fund doing what you want (special vacations, more leisure activities) or a medical or family emergency.
So I help you look at what you’re going to be spending money on anyway (either planned or unplanned) and find different financial and business solutions that use doing what you love & living the life you want, to help supplement your retirement income, help you save taxes & avoid claw back of government programs.
Helping Small Businesses Optimize Tax Advantages of Insurance for Business Continuity
Many small business owners don’t worry too much about tax savings at the beginning because they’re usually not making a lot of income. So they end up missing out on strategies that could end up saving them money in later years when they’re more profitable. They also don’t seem to worry about risks to business continuity when they’re just starting out because they don’t have much to lose – yet. That is, until something happens to their health affecting their ability to keep the business going while they recover. This unfortunately, can also risk losing the business they’ve worked so hard to build up.
Many business owners who don’t spend much time financial planning can also miss out on opportunities to create a sustainable business that can potentially generate residual income and ideally take advantage of the tax-savings available through the Lifetime Capital Gains Exemption.