Don Maycock...advising you to and through retirement!

Are You in the Retirement Risk Zone?

Are you in the Retirement Risk Zone? The Retirement Risk Zone is the five to 10 years just before and after your retirement date. It’s the critical time when short-term losses can have negative long-term effects since there’s little time left for investments to recover.

As a CFP for over 20 years, I meet many individuals, families and business owners and what I find most common is that they don’t have a written financial plan. The most common goal that they want is an assessment of their current Retirement Income Plan to determine if it’s on track and if it’s not what needs to be changed. That is the focus of my company, Advantage Wealth Planning.

Common Questions

  • 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!

Financial Planning Service Offered

Advantage Wealth Planning offered two choices of Financial Planning solutions for clients until December 31, 2022. The Fee-for-Service Financial Plan is currently unavailable. 

Advantage Wealth Planning proudly offers a Full-Service Financial Plan. The plan includes all six-steps from goal setting to implementation and monitoring in a written format with recommendations. Once the asset transfer is complete, the initial financial plan is completed at no additional cost. Subsequent financial plan updates, at no additional cost, are held annually or more often when major financial decisions are being considered. The minimum asset level for new clients is $150K. Investment management is by a third-party investment manager (that we have worked with for over 15 years), using pooled-funds, ETFs and individual securities. The investment manager and financial planner compensation are bundled into one transparent fee. Larger accounts are eligible to receive reduced fees and non-registered account fees may also be tax-deductible.

 

 

Loading

Latest Articles

The Vital Importance of Social Distancing

The Vital Importance of Social Distancing Just an update that I am still working at home as normal but ceased any client or supplier meetings since March 11th. The financial companies and professionals I work with also continue to work “remotely” as the pandemic continues. You may call anytime to discuss whatever is on your […]

Loading

Global Concerns over Coronavirus Spread Causes Extreme Market Volatility – March 2020

Updates for March 2020 Scroll down for later posts during the month of March 2020. As everyone is aware, stock markets around the world have turned down of late caused primarily by fear from the coronavirus and what will be the effect to the economy and your portfolio.   I know it’s stressful for investors, so […]

Loading

Grandparent’s RESP Strategy

Grandparent’s RESP Strategy The Grandparents RESP Strategy might be one of the best gifts you could ever give to your grandchildren.  Are you tired of giving the latest toy that only gets played with and after a few hours, the novelty of it is over? Few other gifts will provide the long term benefit than […]

Loading