Retirement planning helps you know when you can stop working, how much you can spend and whether your wealth can support the future you have in mind.
Our retirement planning brings your income, investments, tax and estate goals into one coordinated plan.
Turning savings into income
Moving from saving to spending can feel uncomfortable. A clear decumulation strategy can help you use your wealth confidently while protecting your long-term security.
We help determine:
- Which accounts to draw from first
- How much income you may need
- How withdrawals may be taxed
- How to respond when markets change
- How to balance spending with estate goals
Bringing every income source together
Retirement income may come from workplace pensions, government benefits, registered accounts, non-registered investments and corporate assets.
Pension planning helps coordinate these different sources. We also consider survivor benefits, including widow pensions (aka survivor pensions), when planning for a spouse and the household’s long-term income needs.
Planning for business owners
Retirement for business owners often requires additional preparation. The business may be a major asset, a source of income and an important part of the owner’s estate.
Retirement plans for business owners may coordinate:
- Corporate investments
- Personal savings
- Business succession or sale
- Tax-efficient income
- Insurance
- Estate and wealth transfer goals
Business retirement plans should provide flexibility before, during and after a transition.
Managing tax in retirement
Tax can affect how much income you keep and how much wealth eventually reaches your family. We consider the timing and source of withdrawals as part of your larger strategy.
For incorporated clients, small business retirement plans may also examine how corporate assets can support personal retirement income. Thoughtful planning can help prevent tax decisions from being made in isolation.
A plan that continues to evolve
Spending, health, family needs and goals may change over time.
We provide ongoing reviews, regular meetings, educational updates and responsive support. Your investments and income strategy can then be adjusted as your life evolves.
Retirement planning across North Central Ontario
Our Newmarket office serves clients in Barrie, King City, Muskoka, Keswick and surrounding communities. Retirement planning in Newmarket is available for professionals, families and entrepreneurs, including those seeking retirement plans for small business owners.