Services and Fees

Service Categories

Full Plan + Ongoing Monitoring

Planning Framework

Year One

Over a period of a few months, I will guide you through a complete, holistic planning process that includes clarifying or assessing:

• What “retirement” means to you (your vision)

• Needs analysis for insurance (if applicable)

• Living powers of appointment and estate documents

• Current sources of retirement income

• When best to start CPP and OAS benefits (if applicable)

• Whether you prefer safer sources, market sources, or a combination for income

• Whether you are more concerned about outliving your income, or want to front-load it during your go-go years when your ability to enjoy it is greatest

• If you have legacy family or charitable goals, or are more focused on maximizing your income

• Unique sources of risk in retirement, including longevity and sequence of investment returns

• Your funded status or what proportion of your expenses is expected to be met by your sources of income

• Whether there are any buffer assets that could be used to supplement typical income sources

• In what order to withdraw from your accounts to minimize tax

• If your investment asset allocation is appropriate for your risk tolerance and risk capacity

• Potential opportunities to save on investment fees and achieve higher long-term returns

  Higher fees can leave you with less than half what you would have had over the long-term!

• How to minimize tax and probate fees on passing

Together, we’ll review and tweak the initial plan created using professional software.

Then, we’ll work on implementation based on clear recommended actions and timelines.

Subsequent Years

With the pace of change in personal situations, the economy and financial markets, a static plan without ongoing management (monitoring and course corrections) is of little value, especially as you approach or are in “retirement”.

Beginning in year two, we will update your plan based on current expectations and I will recommend course corrections and new strategies as needed to keep you on track toward meeting your vision.

Value

Achieve the clarity and confidence that comes from knowing you have a custom-fit plan in place to help secure your life vision, and that changing conditions are being monitored and managed on an ongoing basis.

Price

Year One - Initial Planning Process

Two Equal Instalments: $1,250 x 2 = $2,500

First due at start of engagement, second when initial plan is reviewed together

+ Assistance with implementation available at nominal cost

Subsequent Years - Ongoing Monitoring and Course Corrections

Monthly Subscription: $125

OR

Annual Subscription: $1,500

Specific Issues

Process

We discuss what you need.

Examples

• When to take CPP and OAS

• What to do with employer pension

• What order to take income from accounts going forward to minimize tax

• Legacy planning

• The appropriate asset allocation (stocks, bonds, etc.) for your investments

• How to save on investment fees

• Other

Value

Achieve the clarity and confidence that comes from knowing you have made a well-informed decision on a matter important to your “retirement”.

Price

We agree on an amount up front.

Varies depending on scope of engagement

Two Equal Instalments:

First due at start of engagement, second when written advice is reviewed together

+ Assistance with any implementation available at nominal cost