Investing wisely plays a key role In any plan for financial security. There are many elements that would call for beneficial investment practice. A mix of registered and non-registered savings can help achieve short and long-term goals. Income and pension plans are also definitive solutions to long-term financial stability. We offer advice on all these aspects of savings and investment. If you are part of an employee group, there are additional registered and non-registered savings and pension plans we offer advice on. Below is a list of topics you may seek investment advice on.
- Registered retirement savings plans and Registered education savings plans
- Segregated fund policies
- Group retirement and savings plans
TRADITIONAL IRA, ROTH IRA, & SEP
A registered retirement savings plan (RRSP) is a flexible and helpful solution for individuals and couples planning retirement. If you are under the age of 72 an RRSP can allow tax-deferred compound interest, helping to achieve long-term retirement goals. RRSP’s also provide several choice specific investment options, to match your specific saving goals and needs. If you are a family with children, then another good option would be a registered education savings plan (RESP). A RESP can help in several ways, including financing postsecondary education.
Some of the advantages of RRSP’s and RESP’s include:
- Tax-deductible RRSP contributions
- Tax deferral of compounding income and growth
- Based on a family’s net income and the amount contributed, a government RESP grant is available
- When money is withdrawn from an RESP, the student typically pays little tax, due to a low income tax rate
If you think that one or other of these long-term solutions is right for you, we can work together to examine RRSP and RESP investment options, and build a fully realized portfolio built around your security goals, risk tolerance and investment timeline. Please contact us today to find out more.
Segregated fund policies
If you are looking to invest in a segregated fund policy, there are several factors to take into account. Segregated fund policies are professionally managed investments in individual securities. Whether your investment will increase or decrease will depend on the performance of the segregated fund selected. Segregated fund policies work well as life insurance, as they have several advantages for investors. These can include:
- Potential for creditor protection
- Savings on potential probate fees
- No trustee fees
The best way to gain access to segregated fund policies is through a Financial Security Advisor. Our Financial Security Advisors have open access to a wide variety of segregated funds. Please contact us today to discuss how we can help strengthen your investment portfolio with segregated fund policies. You will receive an information package with a more detailed description of the many aspects o segregated funds.
Please note that any amount allocated to a segregated fund may increase or decrease in value and is invested at the risk of the policyholder.
Group retirement and savings plans
A business is only as good as the people that run it. Group retirement and savings plans can be the determiner in the decision an employee makes, whether to stay or leave. As a utility for attracting and keeping quality employees, group retirement and savings plans are often a deciding factor.
Group retirement and savings plans are a flexible and affordable way to help your employees reach their long-term financial goals. Either provided independently or paired with group benefits, they are a large incentive for employees to save and grow their nest egg. A happy employee is an efficient employee, and just like you, your dedicated employees are working towards a safe, secure future. Help them along with a well-configured group retirement and savings plan.
Employees gain instant tax savings for Group RRSP contributions, as they are made using pre-tax payroll deductions. Your valued employees will also gain the peace of mind that comes from knowing that every month they are building towards their retirement.
We can help you and your employees choose the most fitting group retirement and savings products on the market. We will aid you in designing an investment plan that fits like a glove, matching the needs of everyone involved. You can choose from products like:
- Registered retirement savings plans designed specifically for groups
- Deferred profit sharing plans
- Defined contribution pension plans
- Non-registered savings programs
Contact us today and learn about group retirement and savings plans and how they can be a benefit for you and your business.