Nurturing wealth so you can live a longer, better life in retirement
With retirees living longer, more active lives, it’s essential for your retirement plan to work for you, helping you enjoy the life you’ve envisioned while also mitigating risk that could make your nest egg vulnerable.
Working together, we talk about what you need and want your money to do for you and assess the likelihood that you’ll be able to achieve your goals. We discuss strategies that can help alleviate any of your concerns. As your lifestyle changes, we update your financial plan to keep you moving in the direction you want to go and provide solutions to ensure that your wealth passes in the most efficient way to your heirs and philanthropic endeavours through estate and legacy planning.
CASE STUDY: Retired Couple
John, 70 had recently sold his thriving dental practice and his wife, Jennifer, 62, a psychologist had reduced her client roster to just a few regular patients. They raised three children while juggling demanding careers and were looking forward to spending more time with each other, their kids and seven grandchildren, traveling and enjoying time at their cottage.
Key Considerations:
- Wealth preservation and income strategies
- Tax minimization
- Long-term care planning
- Estate planning
How We Helped:
- Conducted an in-depth discovery to understand their full financial picture, determine their short and long-term goals, priorities and risk tolerance.
- Completed a financial plan and analysis to determine how long their income and investments would sustain their desired lifestyle, goals and priorities.
- Rebalanced their portfolios to generate the right mix of interest, dividends, and capital gains to maximize their after-tax income.
- Introduced them to our estate and insurance specialists to review their estate planning needs and potential insurance-based income strategies.