How should I invest wisely?
Investments can play a key role in your financial security plan. For individuals, a mix of registered and non-registered savings, income and pension plans can help achieve short- and long-term goals. For employee groups, I can offer advice on registered and non-registered savings and pension plans.
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RRSPs
As a tax-free lump sum payment, it can pay for final expenses and debts, as well as provide income for the deceased’s dependents.
The advantages of life insurance include:
- An instant estate for your loved ones at a time when funds are most needed.
- Death benefits that are almost always non-taxable for named beneficiaries.
- Spousal RRSPs can reduce your combined taxes.
- Avoid probate costs if you name a beneficiary other than your estate
- Potentially offer your loved ones creditor protection through some life insurance plans
- Build tax-advantaged capital for retirement purposes or provide liquid savings through some permanent life insurance plans
I can help you select coverage from a variety of life insurance options to meet the needs identified in your financial security plan.Life insurance can play a vital role in your financial security plan - contact us today to find out how.
RRSP Planning
A registered retirement savings plan (RRSP) has several advantages. For investors under 72, it can allow tax-deferred compound interest and help accumulate savings to achieve long-term retirement goals. It also allows for a variety of choice of specific investment options.
Benefits include:
- Tax-deductible RRSP contributions
- Tax deferral of compounding income and growth
- Spousal RRSPs can reduce your combined taxes
RESP Planning
Working together, we can examine and RESP investment options in order to build a customized portfolio that takes into consideration your financial security goals, tolerance to risk and timeline. Contact us today to find out more.
- Based on a family’s net income and the amount contributed, a government RESP grant is available
Segregated Fund Policies
In a segregated fund policy, professional fund managers invest in a variety of individual securities. Depending on the performance of the segregated funds you select, your investment’s unit values will increase or decrease.
As a form of life insurance, it’s important to note that segregated fund policies have distinct advantages for some investors. These can include:
- Potential for creditor protection
- Payments go directly to beneficiaries and avoid probate
- No trustee fees
We have access to a wide variety of segregated funds. Contact us today to discuss how they might strengthen your investment portfolio, and to receive an information package about segregated funds.
Note that any amount allocated to a segregated fund may increase or decrease in value, and is invested at the risk of the policyholder.
