Every transition phase in a person’s life can be scary. Whether it’s going to school, getting married, having a baby, or starting a new job, a major life transition can create fear and uncertainty. We are happy to tell you that retirement doesn’t have to be that way. Our aim is to prevent clients from worrying about turbulent market conditions. Our tax-based approach focuses on reducing risk and saving you money – that’s how we make the retirement phase a lot less scary.
What sets us apart is our knowledge of taxation and our unique approach to retirement planning, including deducting investment management fees as a tax-deductible expense, which many retirees are not doing. Most people don’t know this option is available to them because many banks and financial advisors don’t provide this advice. They may not have the resources, or perhaps the knowledge, to execute this strategy. Based on our experience, an average retired person could save $3,000 annually in taxes, with a few notable exceptions in excess of $10,000 saved annually. Every situation is unique and requires special attention. The end result should always be the same for clients — saving money!
By adopting this approach, our clients are keeping more of the wealth they have saved. By reducing the amount of tax clients pay, the amount of required income to fund the retirement plan is reduced, which tends to lower the overall risk of the portfolio without jeopardizing the longevity of the plan.
If you’re retired or thinking about retirement and want a plan that has a lower element of risk and saves you money, we’d love to help. Contact us so that we help get you on the path to embracing your retirement.