Investments
Investments can play a key role in your financial security plan. For individuals, a mix of registered and non-registered savings, income and pension plans can help achieve short- and long-term goals. For employee groups, I can offer advice on registered and non-registered savings and pension plans.
College Savings Plans
A College savings/529 plan has several advantages. For investors under 72, it can allow tax-deferred compound interest and help accumulate savings to achieve long-term retirement goals. It also allows for a variety of choice of specific investment options. For families with children, a college savings plan can help finance post-secondary education.
Some of the advantages of College Savings/529 Plans include:
- Tax-deductible 529 Plan contributions
- Tax deferral of compounding income and growth
- Based on a family’s net income and the amount contributed, a government grant is available
- When money is withdrawn from a 529 Plan, the student typically pays little tax, due to a low income tax rate
Working together, we can examine College Savings/529 plan investment options in order to build a customized portfolio that takes into consideration your financial security goals, tolerance to risk and timeline. Contact us today to find out more.
Segregated fund policies
In a segregated fund policy, professional fund managers invest in a variety of individual securities. Depending on the performance of the segregated funds you select, your investment’s unit values will increase or decrease.
As a form of life insurance, it’s important to note that segregated fund policies have distinct advantages for some investors. These can include:
- Potential for creditor protection
- Savings on potential probate fees
- No trustee fees
As a Financial Security Advisor, I have access to a wide variety of segregated funds. Contact us today to discuss how they might strengthen your investment portfolio, and to receive an information package about segregated funds.
Note that any amount allocated to a segregated fund may increase or decrease in value, and is invested at the risk of the policyholder.
Group retirement and savings plans
For business owners, group retirement and savings plans can play a key role in attracting and retaining quality employees.
Just like you, your dedicated employees are working towards a safe, secure future. Either provided independently or paired with group benefits, a group savings plan is a convenient, flexible and affordable way to help your employees reach their long-term financial goals.
Employees gain instant tax savings for their group savings contributions, since they are made using pre-tax payroll deductions. They also receive the benefit that comes from knowing every month they are building towards retirement.
I can help you and your valued employees choose group retirement and savings products. We will design an investment plan tailored to fit the needs of everyone involved. Choose from products like:
- Registered retirement savings plans designed specifically for groups
- Deferred profit sharing plans
- Defined contribution pension plans
- Non-registered savings programs
Contact us today to learn about how group retirement and savings plans can benefit your business.
