As you approach Retirement, there are a couple of key steps that you may want to take with your Registered Retirement Savings Plan (RRSP) and other investments
For a lot of us, as we've gone through life we've accumulated investments in a bunch of different places. We may have bought an RRSP from our bank, a different one with an investment advisor, maybe a TFSA someplace else. A key part of your strategy when you approach retirement is to get all of these different pieces together in one place, so you actually know what you'll have to draw on. (As an added bonus, it's way less paper to track!) We have the ability to go to the market to create an investment mix tailored to you. This means that we can also create a plan that has great diversity. Where it makes sense for you, we can even invest in many of the same fund choices as you'd have access to on your current plans. And when it comes time to convert your RRSPs into a RRIF, we can do that too!
2. Re-examine your investment mix
Many individuals may have been investing in their RRSP, TFSA and Non-Registered Funds with choices that are more focused on growing their investments. In retirement, though, most people are more concerned with protecting what they've already grown. We can help you to invest in choices that do both, with balanced choices that have both a protection component, and the potential to grow significantly more than a GIC or savings account could.
Mutual Funds are distributed through Desjardins Financial Security Investments Inc. (DFS Investments)
Contact us today to see how we can help you get all of your investments together in one place!
Preparing Your Investments for Retirement
As you approach Retirement, there are a couple of key steps that you may want to take with your Registered Retirement Savings Plan (RRSP) and other investments.
Reducing Taxes at Death
When you die, do you want your estate to go go Revenue Canada, or to your heirs?