The retirement planning process
in 5 steps:
The four pillars of financial security are time to retirement, savings discipline, returns obtained and tax planning. Our goal is for you to get the most out of these elements in order to achieve your objectives using the following 5 flexible, interrelated steps:
- Definition of retirement goals
- Assessment of the current financial situation
- Estimate of needs and all sources of retirement income
- Development of an investment plan to meet the needs after retirement
- Monitoring and evaluation of progress against plan
The complete approach to
Wealth management is not limited to investment management. Quite the contrary. Let us simplify your financial life, by being the central point of the different disciplines.
DEFINITION OF RETIREMENT OBJECTIVES
- At what age do you want to retire?
- How much income do you hope to receive in retirement?
- What lifestyle do you want to adopt, including possible travel and other expense items?
- Where do you want to live?
- How will you spend your free time in retirement? For example, do you plan to work part-time, indulge in your hobbies or take care of your grandchildren?
ASSESSMENT OF THE CURRENT FINANCIAL SITUATION
- Analysis of cash flow
- Analysis of net worth
- Situational factors, health or any other parameter affecting the planning processes
ESTIMATED NEEDS AND ALL SOURCES OF REVENUE FOR RETIREMENT
- State plans (eg, CPP / QPP, OAS and ORS)
- Employer plans (eg, registered pension plan and deferred profit sharing plan)
- Other (eg, investment income, rental income, business income or employment income)