Retirement Planning & Workshops

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Creative Retirement Planning at any Age

Click below for a video on Retirement Planning

Video created by Jaime Munro from Whisper Media (www.whispermedia.ca)

Benjamin Franklin said “If you fail to plan, you are planning to fail!”… to which I’ll add “and you’ll probably end up paying more in taxes”!

Having a clear picture of what you really want to be doing at retirement is key to making sure your retirement plan will allow you to live a life you love.  So is making sure that your plan is based on a solid foundation so it can help get you through life’s unexpected challenges.

Having that plan periodically reviewed & updated also ensures it stays current to meet your evolving needs and is aligned with life’s changes through all your retirement years.

Whether you’re starting later with your retirement planning or you want to do some proactive planning to allow you to retire early, finding creative solutions that go beyond just making contributions to your RRSPs and TFSAs, can help you get more out of your hard earned money.

What I offer is not what you’ll get from your typical Financial Planner, most of whom are focused on selling you investments or insurance. For example, in retirement planning, I look beyond investments and RRSPs to support your retirement and incorporate different financial and business solutions that use doing what you love & living the life you want, to help supplement your retirement income.

So I have retirement planning programs that can help you:

  • get clear on what you need to support doing what you want to be doing at retirement,
  • educate you on different financial and business solutions that can help generate the retirement income you need through the various stages of your retirement years,
  • save taxes and
  • ideally avoid claw backs of government pensions and tax credits.

I also have a program designed to help you look at the financial viability of business ideas you think you want to take on as a creative retirement solution – to help you avoid jumping into a business idea that ends up giving you another full-time job, and doesn’t align with the retirement lifestyle that you really want.

Our Process

  • Establishing our client-advisor engagement

  • Determining your goals and expectations

  • Clarifying your present situation and identifying any shortfalls, issues or opportunities

  • Reviewing & selecting options to cover your needs

  • Implementation

  • Monitoring your plan and making adjustments if necessary

Retirement Workshops & Articles of Interest

Retirement – Are you Prepared?

Whether you are decades away from retirement or if it is just around the corner, being aware of the planning opportunities will take the fear and uncertainty out of this major life event.

Investing with a Safety Net

Investing in today’s environment is not for the faint of heart. However, fortunately for Canadians, Segregated Fund products offered by many life insurance companies provide a safety net for nervous investors.

A New Year’s Resolution You Shouldn’t Break

Many of us set New Year’s resolutions for ourselves and often those resolutions have to do with finances. January is the month we say, “Ok, this year I am going to save more and spend less”.

CPA Canada Financial Literacy Free Workshops

The CPA Canada Financial Literacy Program offers free workshops (delivered by approved CPA volunteers) for adults, entrepreneurs, children and new Canadians - with a mission “to deliver unbiased objective financial literacy education & information to improve the overall state of financial literacy in Canada”.

A Group Workshop: Early Retirement Planning for Nurses & MPP (Pension Plan) Members

Learn some tax-efficient ways to supplement your early retirement pension while doing what you love.

Creative Retirement Planning – My Personal Example

Here's a personal example of my creative retirement plan that has me using what I love to do (travel) to support the life that I want to live - without taking on another JOB!

Video: A Different Perspective on Early Retirement Planning for Nurses

A video for Nurses on the MPP (pension plan) who want to retire early. It provides a different perspective to make up the difference between the early retirement pension and full pension - through tax-efficient solutions that reduce taxes and help avoid claw backs of government credits!

Video: A Different Perspective on Retirement Planning for Professional Women

A video about a different perspective on retirement planning for professional women who've been too busy to plan for their retirement, or are just tired of the same old, same old financial advice.

Workshop: A Different Perspective on Early Retirement Planning for Nurses

Why the focus on Nurses? Primarily because from what I've seen of your pension plan, many of you will have good pension income when you retire. Many of you also work overtime which can leave you exhausted and at a higher tax bracket - so a lot of that extra money you've earned just goes to paying extra taxes. So how do you retire early when you know you'll be getting a reduced pension? By finding tax-efficient ways to cover that gap to reduce taxes and avoid claw backs of government pension!

Segregated Funds or Mutual Funds

Segregated Funds or Mutual Funds? What's the difference? We outline the difference between segregated and mutual funds in this video.

Creative Retirement Planning Workshop for Professional Women

Tired of every other financial advisor just moving your money from one investment to another and telling you to stop buying your favorite coffee? When you work with me, we'll first look at your vision of your ideal life at retirement, then explore different financial solutions to help you use doing what you love to save on taxes so you can keep more of your hard-earned money!

Canada Pension Plan – Should You Take it Early?

The new rules governing CPP were introduced in 2012 and they take full effect in 2016. The standard question regarding CPP remains the same - should I take it early or wait? We outline the reasons to take your CPP early or delay your CPP in this article.

A Tax Savings Solution Using a Corporate Health Plan

The small business corporate tax rates can be quite a bit lower than an individual's income tax rates, especially as you take more money out of your company. So you can usually save taxes by using of corporate dollars whenever possible. Here's one great idea using your corporation to save on taxes - while also reducing the risk of health issues affecting the sustainability of your company.

What are your risks of paying higher taxes in an emergency?

Your most valuable asset is your ability to earn income. What are the chances of you being unable to work due to accident or illness? What about the risk of paying higher taxes if you're relying on withdrawing RRSPs for additional monies required - to pay for extra medical and non-medical expenses? What about if you have to get extra help or your family has to reduce work hours to help you out?

How to pay less taxes when you withdraw from your RRSP or RRIF (at retirement)

It‘s been said that one of the best tax-savings tools is also one of least known, least understood, and most under-utilized financial instruments (yes, that’s the Annuity).

4 Simple Steps that Can Help You Catch Up & Grow Your Retirement Savings

Do you wonder if you can ever retire or you'll be like the many older Canadians who are still dealing with high levels of debt? Here are some simple steps that you can take now to help you grow your retirement savings.

Six “Other Ways” to increase your income (or making extra money without needing to work excessive overtime)

When you talk about saving money for your retirement, for a special vacation or for your rainy day fund, most people automatically think of ways to reduce spending. There are however, 2 ways to balance a budget - reduce spending or increase earnings. For most people, talk of earning extra money means working overtime or getting another job. That can sometimes cost you more if you overextend yourself and get sick or too stressed out. This article talks about some other ways to increase your income (or cash) that may not-be-so-obvious or may not be top of mind.

5 KEY STEPS TO REACHING YOUR FINANCIAL GOALS THIS YEAR & BEYOND

Albert Einstein defines insanity as doing something over & over again and expecting different results. What have you been doing over & over the last few years that has not moved you closer to your financial goals? Why even bother with new years’ resolutions if you’ve usually just abandoned them after a few weeks? These 5 key steps gives a different perspective that can truly make a big difference to reaching your financial goals this year and beyond.

TFSA or RRSP?

RRSP or TFSA

Taxation Changes for Life Insurance Create Tax-Savings Opportunities in 2016

Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs. Soon the amount of funds that can be tax sheltered within a life insurance policy will be reduced by new tax rules which take effect January 1, 2017. These changes may make 2016 the best year to buy cash value life insurance.
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