Serving Toronto, Mississauga, Oakville,
Burlington and surrounding areas.
SITE UPDATES!
We are happy to announce that some exciting changes are coming soon to our site.
Please continue to visit over the next few months!
We are happy to announce that some exciting changes are coming soon to our site.
Please continue to visit over the next few months!
RETIREMENT PLANS
I Can Work with Your Current Cash Flow
We will examine what you're saving now, and can work with your current cash flow (e.g. mortgage payments)
but take a different approach to save you more money. For example, if you're paying $1200 monthly on
a $100,000 mortgage, I can show you how to be at least $40,000 ahead on the mortgage and also have $40,000 -
$50,000 invested in RRSPs that you would not otherwise have.
Get the Straight Facts about Retirement Planning There are five key risks you need to be aware of when planning for a fulfilling and financially sound retirement. They are: health care costs, inflation, longevity, asset allocation and withdrawal rate. Naturally, you cannot control all of these factors. However, I can help you plan for all the circumstances you'll face in your retirement, including those that are not directly under your influence.
Let's look at two of these key risks: health care and inflation. By the way, you can get a FREE copy of my report on "The Five Key Risks to Retirement Income" simply by bringing in your statements. This is in addition to the FREE FINANCIAL PLAN (value of $549)!
Risk #1: Health Care Costs Health care costs in Canada are rising at a rate that is considerably higher than overall inflation. This is due largely to advances in medical technology which produce longer average lifespans. People born during the Baby Boomer generation (1946-1964) have life expectancies that are approximately 20 years longer than their grandparents' (born near the turn of the century).
Additionally, prescription drug care costs in Canada are rising, and placing strain on the ability of governments to adequately fund other aspects of health care, such as nurse and doctor salaries, hospital infrastructure, and medical equipment. In 2005, researchers at the University of British Columbia's Centre for Health Services and Policy Research reported that prescription medicines alone cost a total of $18 billion in 2004 (read the article). The report also mentioned that these costs were growing at a pace of over 1.5 billion per year.
As a result, tomorrow's seniors must put away enough money to provide for adequate health care throughout their historically long retirement periods. With proper retirement planning, you can rest assured that your savings and investments will carry you through your retirement years. I can help you devise a retirement plan that will meet this goal.
Risk #2: Inflation It is important to recognize that not all sources of retirement income will adjust to compensate for inflation rates. Many of these sources are to some degree fixed and therefore more vulnerable to inflation. The value of these income sources is eroded as inflation drives up prices.
Even a low inflation rate, such as two per cent, can have a serious impact on your purchasing power over the course of your retirement years. However, the historical average inflation rate over the last 25 years is approximately three to four per cent.
When providing you with a retirement plan, I will show you several means of protecting yourself against the effects of inflation, such as increasing your investment contributions or modifying your current investment strategy to yield greater long-term rates of return.
Are You Saving Enough? When we sit down to discuss your retirement plan, we'll look at two critical aspects of your finances: the amount you'll need to save before retirement, and the amount you're currently putting away on a regular basis.
From there, we'll move to identifying the right investments and accounts types for you. Finally, we'll put in place a system for managing your plan on an ongoing basis and reporting on the progress you're making.
I look forward to assisting you in determining the retirement strategy that's right for you. Please contact me today to get started! Again, in return for simply bringing your statements to me, you will receive a FREE copy of my report on "The Five Key Risks to Retirement Income," in addition to a free hard-copy FINANCIAL PLAN (value of $549)!
Sincerely,
Brian Poncelet, CFP
(905) 338-7689 (24hrs)
brian@mortgageplans.ca
***Owing to limited resources and time commitment, only people with family incomes of $110,000 or more should call. (OR $60,000 in RRSPs)
Get the Straight Facts about Retirement Planning There are five key risks you need to be aware of when planning for a fulfilling and financially sound retirement. They are: health care costs, inflation, longevity, asset allocation and withdrawal rate. Naturally, you cannot control all of these factors. However, I can help you plan for all the circumstances you'll face in your retirement, including those that are not directly under your influence.
Let's look at two of these key risks: health care and inflation. By the way, you can get a FREE copy of my report on "The Five Key Risks to Retirement Income" simply by bringing in your statements. This is in addition to the FREE FINANCIAL PLAN (value of $549)!
Risk #1: Health Care Costs Health care costs in Canada are rising at a rate that is considerably higher than overall inflation. This is due largely to advances in medical technology which produce longer average lifespans. People born during the Baby Boomer generation (1946-1964) have life expectancies that are approximately 20 years longer than their grandparents' (born near the turn of the century).
Additionally, prescription drug care costs in Canada are rising, and placing strain on the ability of governments to adequately fund other aspects of health care, such as nurse and doctor salaries, hospital infrastructure, and medical equipment. In 2005, researchers at the University of British Columbia's Centre for Health Services and Policy Research reported that prescription medicines alone cost a total of $18 billion in 2004 (read the article). The report also mentioned that these costs were growing at a pace of over 1.5 billion per year.
As a result, tomorrow's seniors must put away enough money to provide for adequate health care throughout their historically long retirement periods. With proper retirement planning, you can rest assured that your savings and investments will carry you through your retirement years. I can help you devise a retirement plan that will meet this goal.
Risk #2: Inflation It is important to recognize that not all sources of retirement income will adjust to compensate for inflation rates. Many of these sources are to some degree fixed and therefore more vulnerable to inflation. The value of these income sources is eroded as inflation drives up prices.
Even a low inflation rate, such as two per cent, can have a serious impact on your purchasing power over the course of your retirement years. However, the historical average inflation rate over the last 25 years is approximately three to four per cent.
When providing you with a retirement plan, I will show you several means of protecting yourself against the effects of inflation, such as increasing your investment contributions or modifying your current investment strategy to yield greater long-term rates of return.
Are You Saving Enough? When we sit down to discuss your retirement plan, we'll look at two critical aspects of your finances: the amount you'll need to save before retirement, and the amount you're currently putting away on a regular basis.
From there, we'll move to identifying the right investments and accounts types for you. Finally, we'll put in place a system for managing your plan on an ongoing basis and reporting on the progress you're making.
I look forward to assisting you in determining the retirement strategy that's right for you. Please contact me today to get started! Again, in return for simply bringing your statements to me, you will receive a FREE copy of my report on "The Five Key Risks to Retirement Income," in addition to a free hard-copy FINANCIAL PLAN (value of $549)!
Sincerely,
Brian Poncelet, CFP
(905) 338-7689 (24hrs)
brian@mortgageplans.ca
***Owing to limited resources and time commitment, only people with family incomes of $110,000 or more should call. (OR $60,000 in RRSPs)