It’s never too early to start dreaming about retirement. But to make that dream come true, you need a realistic strategy that will not only support your goals, but also minimize your tax burden.
That’s where retirement planning comes in. Mandeville Private Client Inc. (“Mandeville”) / DFS Private Wealth’s award-winning team of financial experts is ready to help you reach your retirement goals with an efficient, tax-friendly retirement plan.
We’ll sit down together so you can share your retirement vision, and discuss the questions that will help us shape your strategy. After determining how much cash flow you’ll need during your vintage years, we’ll calculate and project using both realistic and conservative assumptions.
Our strategy is flexible enough to change with your needs, and keep you on track for your retirement goals as well as your wishes for leaving your legacy.
Government of Canada Benefits
We’ll make sure you have a thorough understanding about the benefits that the Government of Canada offers retired persons, including the applicable tax implications, so you can make informed decisions about when to start collecting.
Canada Pension Plan (CPP)
Our team will fully advise you on how the benefits are calculated, develop a strategy to split benefits with your spouse, and discuss CPP survivor benefits.
Old Age Security (OAS)
We’ll show you how to maximize your OAS benefits so you can still maintain a standard of living in the event of OAS clawback.
Retirement Income vs. Cash Flow
When you retire, will you need income or cash flow? The difference between the two is that income is taxable, but you might be able to generate tax-free cash flow from your portfolio.
We’ll show you strategies that will minimize your tax burden without sacrificing your retirement dreams.
Sources of retirement income include pension plans, RRSPs, RRIFs, locked-in registered plans, annuities, and government pensions such as OAS and CPP.
Retirement Cash Flow
Sources of tax-efficient retirement cash flow include withdrawals from TFSAs, leveraging universal life (UL) insurance, cash surrender values, and capital distributions from non-registered investments.
Individual Pension Plans for Business
If you’re a business owner offering a pension plan to shareholder employees, we’ll make sure you understand the difference between defined benefit, defined contribution, and voluntary contributions. We’ll also explain how flexible you can be with your contributions, and the tax deductibility to your business of contributions and expenses.
Retirement Planning in Mississauga, Toronto, and Southern Ontario
What does retirement look like to you? Our team of financial professionals can help you get there with strategies that put your retirement goals first. No matter when you see yourself retiring, let’s start planning for it today.
With over 60 years of experience, the award-winning portfolio managers at Mandeville / DFS Private Wealth provide exceptional wealth management expertise to high net worth families and businesses in Mississauga, Toronto, and Southern Ontario.
If you think your financial picture or investment strategy could use a review, contact us today for a free consultation.Book a call