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Canadian Retirement Solutions, Inc. |
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Canadian Retirement Solutions, Inc. |
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A study was done in 1953 of the graduating class of Yale University. It was found that only 3% had written their goals and had written plans on how they were going to achieve their goals. In 1973, the surviving members of the class were interviewed again. It was found that the 3% who had written their goals were worth more than the remaining 97%.
Financial Planning is the evaluation, establishment and
implementation of specific financial goals. It is absolutely imperative to
have written financial and retirement goals which are reviewed and
monitored on an ongoing basis. The successful achievement of retirement
goals is directly related to the number of productive, working years left
to retirement. This is more often called the magic of compounding. The
younger you are when you begin the financial planning process the more
likely you are to comfortably realize your goals.
Financial planning is an ongoing process. Your financial profile is your lifestyle, risk tolerance, responsibilities, and all financial resources. From this profile your goals and objectives are created. Your goals and objectives are your hopes and dreams for the future.
Ineffective financial planning could result in the hardship of a lower monthly income to live on during retirement, higher income tax burdens and fewer resources to pass on to heirs.
"If I had six hours to chop down a tree,
I would spend the
first four hours sharpening the axe." ... Abraham Lincoln
At CRSI, our commitment is the design and implementation of a
specific financial plan, which will help you to secure a strong financial
future.
We will guide you in the creation, accumulation, and preservation of assets for both pre-retirement and post-retirement needs.
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Investments
should be made with reference to all parts of your financial life. A
financial planner can help you make sure your overall financial situation
is in order, so that your investments are well protected from other
potential financial problems.
There are thousands of mutual funds, stocks, bonds, foreign securities and other investment options to chose from. Most individuals do not have the time or expertise to sort through the many options. A good financial planner is not trying to sell you investments; a good financial planner is trying to help you to grow your investments. A financial planner can provide an educated voice of reason through various volatile market swings. A financial planner can calm a nervous investor, and help the investor make more prudent investments.
Our financial planning professionals can help you select the
investments that are appropriate for your needs and objectives and assist
in the management of your portfolio.
The successful achievement of your investment goals is the professional financial planner’s most important goal.
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Planning is the key component in any effective tax minimization strategy. While year-end planning is important, many tax saving opportunities are often overlooked because they require implementation early in the year.
There are a number of tax planning strategies and most plans involve the combination of one or more of them. Some basic strategies are:
Our professional accountants and financial planners will review tax planning opportunities with you and proactively plan financial transactions to minimize current and future tax liabilities.
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Articles and information on all aspects of financial planning
Canada Customs & Revenue Agency
Life insurance & investments products
Canadian mutual fund resource centre
Asset allocation – a lifelong strategy
Canadian Association of Pre-Retirement Planners
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Estate planning is the growth management and preservation of one’s assets, with provisions for the most cost effective and least complicated transfer of those assets to one’s heirs.
Estate planning is extremely important in order to avoid dying "intestate". Dying intestate means dying without a will or other provisions such as a trust that provides instructions for passing an estate to heirs. The negative impact of poor estate planning can include probate, creditors, the costly involvement of lawyers, and unnecessary taxation.
Proper estate planning may include some or all of the following:
It is very important to educate yourself with professional advice from
someone experienced in estate planning, property and tax legislation. Our
financial planning professionals have the training and expertise to help
you design your plan, maintain your plan, and maximize your plan.
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It is protecting the people you love and who are dependent upon you. It is the best way to create a safety net to preserve your family’s lifestyle, dreams and aspirations in the event of death, disability or illness. Combined with investments, retirement and estate planning, life insurance is a fundamental part of a sound financial plan.
Life insurance is a common component of estate plans. It can provide tax-free cash when it is needed the most. A good life insurance program does more than just replace the loss of income when you die. It should also provide money to cover the new costs that arise after your death. It can be used to:
Lack of sufficient life insurance coverage when a loved one dies can
have devastating consequences for a family that can last for years.
If there is someone who would suffer economic hardship if you died or became disabled, then you need insurance. We can analyze your current financial position to determine your optimal level of life and disability insurance.
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Currently unavailable - come back soon.
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David Johnson, CFP, PRP
Lynette Bisnath, CMA, CFP
205 - 39 Robertson Road
Nepean ON K2H 8R2
Tel: (613) 596 - 5556
Fax: (613) 248 - 4811
E-mail:
Info@CanadianRetirementSolutions.com
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