What does your ideal retirement future look like?
Where will you be and what will you doing?
Most people generally have a clear picture of their short-term and long-term aspirations, however, you can’t have a successful retirement without a comprehensive financial plan mapping the way. At Duggal Wealth, we can help you clearly define your savings goals and match them up with the right financial steps to secure your financial future.
All of us can agree that savings vehicles like a company pension plans or RRSP accounts are the foundation towards building your retirement future. Yes, RRSPs are a good thing, but only to a point. did you know that there is a threshold to contributing to an RRSP where it no longer makes good tax sense? If you are one of those individuals who have maximized or expect to maximize their RSP there are also other strategies you may want consider that will give the retirement income you require while keeping the tax picture in check.
Tax planning is one of the best, and easiest, ways to keep more money in your pocket. Simply, less tax means more return so we work hard to identify opportunities to defer, minimize or eliminate tax where possible. Our focus is to help you achieve the best after-tax returns, because at the end of the day, the money you can actually spend is what your financial plan is based on. Good returns aren’t good for much if they’re not tax-efficient.
Paying taxes throughout your life and paying taxes when you die is merely a fact of life. Having a proper estate plan in place will allow you to be remembered the way you want by leaving a legacy to the ones you love that reflects your wishes and gives purpose to what you’ve accomplished in your life. We believe that Estate planning should be a financial priority at almost any stage of life. In fact, an estate plan is absolutely essential for organizing your financial affairs and providing for the well-being of your family members. With a well-structured estate plan we can also help you take advantage of minimizing taxes. After all, who would you rather your money go to – the government or your loved ones?
Group Retirement and Employee Benefits
We have all heard that an engaged and healthy workforce is a key component to any firm’s success. So to remain competitive it is imperative to attract and retain the best staff. Apart from a great work environment, effective employers have provided their employees the following to meet their objectives; a competitive paycheque; a benefits program; and some kind of long-term savings program to create long-term value. As an employer you can have a direct role in assisting your staff’s meet their retirement goals with a group retirement program. Putting these programs into place doesn’t have to be complicated. We can help you customize a solid group retirement and employee program that’s right for your business.
