Service Description

At 𝐓𝐞𝐧𝐚𝐜𝐢𝐨𝐮𝐬 𝐖𝐞𝐚𝐥𝐭𝐡, we design retirement strategies tailored to your lifestyle, goals, and financial capacity. In Canada, various options can help you grow, protect, and efficiently access your wealth in retirement. 1. 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐏𝐥𝐚𝐧 (𝐑𝐑𝐒𝐏) RRSPs allow tax-deferred contributions and investment growth, reducing taxable income today. Strategically timed withdrawals in retirement can minimize taxes while ensuring steady cash flow. 2. 𝐓𝐚𝐱-𝐅𝐫𝐞𝐞 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 (𝐓𝐅𝐒𝐀) TFSAs offer tax-free growth and withdrawals, providing flexibility to supplement retirement income without impacting government benefits. 3. 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐜𝐨𝐦𝐞 𝐅𝐮𝐧𝐝 (𝐑𝐑𝐈𝐅) RRIFs are used to convert RRSP savings into a predictable income stream during retirement, with flexible withdrawal options to manage taxes efficiently. 4. 𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐆𝐫𝐨𝐮𝐩 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐏𝐥𝐚𝐧𝐬 Defined benefit or defined contribution pension plans provide structured retirement income. Optimizing contributions and understanding payout options can enhance lifetime income. 5. 𝐀𝐧𝐧𝐮𝐢𝐭𝐢𝐞𝐬 Annuities can convert a lump sum into guaranteed, regular income, reducing longevity risk and providing peace of mind for your later years. 6. 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 & 𝐑𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 Property investments can generate passive income, act as a hedge against inflation, and diversify your retirement portfolio. 7. 𝐋𝐢𝐟𝐞, 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐈𝐥𝐥𝐧𝐞𝐬𝐬, 𝐚𝐧𝐝 𝐃𝐢𝐬𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 Insurance strategies protect your income and savings against unexpected events, while permanent life insurance can build cash value accessible during retirement. 8. 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞-𝐎𝐰𝐧𝐞𝐝 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 Business owners can use corporate structures, such as holding company investments or individual pension plans, to maximize retirement savings and defer taxes. 9. 𝐄𝐬𝐭𝐚𝐭𝐞 & 𝐋𝐞𝐠𝐚𝐜𝐲 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 Integrating trusts, insurance, and tax-efficient wealth transfer strategies ensures your assets are preserved and passed on according to your wishes. We combine these tools into a cohesive retirement plan that balances growth, protection, and tax efficiency. Our goal is to ensure you can enjoy your retirement with confidence, financial security, and the lifestyle you envision.