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Retirement

To some clients, retirement planning is a widely heard yet unfamiliar concept. Many are focussed on their current livelihood and enjoyment, and may neglect their actual financial requirements for their later years. Early retirement preparation as part of the overall financial planning and management is therefore strongly encouraged.

Careful research into resources available may also reward one generously. For example, while the Canadian government offers various assistance plans for retirees in the country, not everyone knows them well enough to enjoy their entire benefits.

Old Age Security is one program that many clients are aware of, but in terms of its Guaranteed Income Supplement, not many know that they could become eligible too should their finances be structured appropriately.

Next is clients’ RRSPs – how to withdraw them with minimal tax consequences? Ask Grandtag Financial for our concept on RRSP Draw Down and other aforementioned solutions.