Specializing in Financial Plans Focused on Retirement Income Planning
As a Certified Financial planner (CFP) for over 15 years, I have learned that clients want a straight-forward, well-researched financial planning solution that helps them achieve their financial goals. The most common goal is typically to assess their Retirement Income Plan and determine if it’s on track. If not, recommend what needs to change. That is the focus of my company, Advantage Wealth Planning.
- Am I saving enough for retirement?
- When can I retire?
- How long will my money last?
- When to convert RRSPs to RRIFs and how quickly should RRIFs be drawn down?
- Should we buy an annuity to fund retirement?
- What are my Canada Pension Plan benefits? When is it best to start CPP?
- What are my Old Age Security options and when is it best to start?
- How do I setup a proper investment portfolio for my risk tolerance?
- Am I invested in the proper products?
- Will my investments last my lifetime?
- Are my investments suitable for my risk tolerance?
- How is my income taxed?
The list is virtually endless!
Types of Financial Plans
Advantage Wealth Planning offers two choices of Financial Planning solutions for clients.
- The Traditional or Full-Service Financial Plan is what many clients would refer to as the traditional financial plan. All six-steps from goal setting to implementation and monitoring (including an annual review) are desired by those who don’t have the time nor expertise to do it themselves. The advisor compensation in this ongoing relationship is based upon your assets-under- administration (AUA).
- At the other end of the spectrum is the Fee-for-Service Financial Plan. This individual wants an assessment of their situation but is comfortable making their own decisions, implementation and monitoring of the results going forward. The advisor compensation in this case is a flat fee (some advisors charge an hourly rate) for the one-time analysis.
Due to the growing number of inquiries, I now offer financial planning to all residents of Ontario. If you have internet, we can hold meetings online via a computer.
Don’t forget to see what others say about their experiences getting a financial plan done!
If you have any questions, click here to book a short no-obligation meeting to discuss your needs.
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RRSP Deadline for Your 2018 Tax Return Quite simply, the “RRSP Deadline” is the last day this year that you can make a contribution to your Registered Retirement Savings Plan (RRSP) but claim the tax credit on the previous year’s taxes. The RRSP deadline for the 2018 tax year is March 1, 2019. But do you have unused RRSP contribution […]
1,218 total views, 3 views today
The Tax-Free Savings Account (TFSA) is a flexible, registered, general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs. In a nutshell, consumers always compare a TFSA versus an RRSP contribution. You get a tax deduction for contributions to an RRSP but will be taxed at a […]
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UNDERSTANDING THE TAX FREE SAVING ACCOUNT (TFSA) The Tax-Free Savings Account (TFSA) is a flexible, registered, general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs. The TFSA complements existing registered savings plans like the Registered Retirement Savings Plans (RRSP) and the Registered Education Savings Plans (RESP). How […]
1,101 total views, 4 views today
Canada Pension Plan (CPP) You are eligible to begin receiving your Canada Pension Plan (CPP) as early as age 60. The base CPP payment is different for everyone because it’s based upon how many years you’ve worked, how much you’ve contributed each year plus many other factors. To determine your amount, go to the Government of Canada website, […]
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