Retirement Planning Alternatives

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We have all been told to plan for our retirement.  Yet, have you ever wondered why you need to consider the different retirement planning alternatives?

Perhaps you have a plan, most people do, but is it the right plan? In the following example, it is clear how advanced planning can make a huge difference for you and your loved ones.

In the table below, you can see how a 65 year old client benefited by over $100,000 with the proper retirement plan.



Consequently, in the above illustration, the client’s combined investments are $700,000 & we assumed the same 4.1% rate of return in all the scenarios. They were able to withdraw $700,000 during their retirement in all scenarios, leaving the above residual amounts at age 90. The differences between the client’s original plan, the recommended plan, and the alternate plan, are substantial.  By choosing the recommended plan, the client’s combined assets from investments are currently over half a million dollars.

By choosing the order in which to take money out of their personal registered accounts, personal non-registered accounts, corporate accounts, and TFSAs, they were able to increase their overall wealth – and the amount of money that they would be able to leave to their daughter.

If you are retiring soon like the client in the above example, or are still years away from retiring, or are already retired, you will want to speak with your KWB representative about retirement planning and wealth management today.  You, too, could benefit by tens or hundreds of thousands of dollars!  Call us today at 780-466-6204 or click here to send us an email.

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