Forward planning for your retirement can mean the difference between having the reassurance of financial security in later years rather than the worry of wondering how you will cope. A comfortable lifestyle in retirement is something to which we all aspire and increasing longevity means that we all need to make extra provision for that retirement, regularly review that provision and make sure that any plans we put in place are flexible enough to deal with any changes in our personal circumstances.

 

Those living away from their home countries may not be able to rely on the state for financial support in retirement. Your own personal planning is therefore vital. Folx Finance Inc has experienced and qualified advisers who can help guide you through that planning process. Discussing with you issues such as inflation, currency exchange rates and the importance of regular reviews so that your pension value is protected as you get closer to retirement age. Your Folx Finance Inc adviser can also help you to maximise the income from that pension fund when you do decide to retire. He or she will collate the information on any retirement plans already in existence and monitor the progress of all retirement planning so that your financial goals can be achieved, resulting in a happy, financially secure retirement.

 

Today's workforce is more mobile and we find that many of our clients have worked in more than one country and have gained pension rights in those countries resulting in plans with different currencies. Your Folx Finance Inc adviser will assess which plan transfer is right for you by producing a personalised report to help you make your decision. Key to that decision will be your own personal circumstances, the type of pensions you already have and where you intend to take the benefits of those pensions in the future. We will also help you understand the implications of a move from one country to another, how to plan for such changes and how, despite these moves, you can still retain a coherent strategy to your planning. We work exclusively with those age 55+ who want to retire soon and have a tax-efficient decumulation plan. You worked hard to build your wealth so you should be the one to enjoy it - not the CRA.

Are you a financially successful individual over age 55 and planning to retire within the next year?

Would you like to have a plan created by an unbiased & independent Retirement Income Planner?

Are you ready to enjoy what your hard work has created and send less to the CRA?

Want to know how much you can spend in retirement and not run out later?

Would you like to ensure your entire financial affairs are in perfect order?

Are you frustrated with the lack of advice & planning you are getting from your current advisor or bank?

Your successful retirement transition is built on the foundation of an unbiased Retirement Income Plan from an independently Certified Financial Planning professional. As you move into retirement, your confidence level needs to be a 10, with your total financial house in order, goals mapped out, and a solid plan to enjoy your ideal lifestyle, so that regardless of what happens in the world, the economy, or the markets, you know you're going to be ok. It is important to start working on your retirement income plan 1-2 years before your retirement date because tax-saving strategies often need to be implemented in advance of retirement. Many come to us when it is too late to take advantage of many unique opportunities. You don't know what you don't know! Our curated planning process will tell you exactly how much income you will have in retirement, when and where to take it from in the most tax-efficient manner, and the kind of investment structure you should have now that you entering the decumulation phase. Once these items are properly set up, you can spend confidently in early retirement without worrying about running out later on.

Our unbiased and independent planning process will help you make smart choices and get your financial house in order. At the end of this process you will know:

The Sustainable level of income you can spend in early retirement and not run out later. (Spending strategy)

A structure for your investment portfolio to create simple, dependable, consistent and guaranteed income sources throughout retirement to combat volatility. (Investment structure) Amount of savings you should have in reserves. (Cash-wedge strategy)

How to draw income from your various sources in the most tax-efficient manner. (Tax-saving strategy)

How to Coordinate your Stock options, RSUs, Retirement Allowances, Retained Earnings, and Corporate Dividends with all your other income sources like RRSPs, LIRAs, TFSAs, non-registered accts, CPP, OAS, etc. (Income strategy)

The kinds of insurance you need like travel, personal health & dental coverage, life, home & auto, and final expenses. (Risk management strategy)

How to set up your estate to smoothly transition your life's savings to your loved ones quickly and easily in order to maintain family harmony. (Estate tax & Probate minimization strategies)

These are more than 20 strategies we use in the creation of your plan. ​There are many time-sensitive opportunities that the average retiree will miss, costing time and money, when not implemented at the right stage before and during retirement. You don't know what you don't know but that's ok, we do! The plan is to help you get your total financial house in order before you retire.