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ReImagine your retirement

ReImagine your retirement. Source: http:// www.hiddentrails.com/Uploads/Countries/Canada/bc-tsylos-center.jpg. Where will you be during the next financial train wreck?. The Difference between ‘Retirement Planning’ and ‘Retirement Income Planning. Source: www.greateribm.files.wordpress.com.

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ReImagine your retirement

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  1. ReImagine your retirement Source: http://www.hiddentrails.com/Uploads/Countries/Canada/bc-tsylos-center.jpg

  2. Where will you be during the next financial train wreck? The Difference between ‘Retirement Planning’ and ‘Retirement Income Planning Source: www.greateribm.files.wordpress.com • Retirement Planning = ‘getting you to retirement’ • Retirement IncomePlanning = ‘Intelligent Disassembly’ of what you have taken a life time to accumulate • When you retire, ALL THE RULES CHANGE

  3. Retirement Income Planning - a completely different process • Requires different tools, strategies and skill sets to • - construct and implement • - adjust at life altering events • - facilate efficient wealth transfer • - build a cash flow strategy • - address market risk • - achieve tax efficiency • - achieve cost efficiency • The Definition of Insanity: Doing the same things but expecting different results Manage throughout the Retirement Life Cycle Structural and Investment Considerations Do not get stuck in the ‘insanity time bubble‘ when you move into retirement

  4. The Retirement Life Cycle – It‘s no longer an ‘IF‘ it‘s a ‘WHEN‘ • Time Hub • Target retirement date? • About to start income? • Commencing retirement at the same time? • Are you “transitioning”? • Is our retirement lifestyle changing? • Health Hub • Retirement Continuum

  5. The Retirement Life Cycle – It‘s no longer an ‘IF‘ it‘s a ‘WHEN‘ • Time Hub • Health Hub • Is there a change in health, family or friends? • Dealing with aging parents? Caregiver? • Illness or disability of a partner? • Losing your own health? • Divorce? • Returning Children or Grandchildren • Retirement Continuum

  6. The Retirement Life Cycle – It‘s no longer an ‘IF‘ it‘s a ‘WHEN‘ • Time Hub • Health Hub • Retirement Continuum

  7. RETIRING WITH PEACE OF MIND AND PURPOSE STRUCTURAL PLAN INVESTMENT PORTFOLIO HEALTH RISK MANAGEMENT WEALTH TRANSFER

  8. Structural Plan - Layering Income • Using the least flexible income sources as they are available • Using least tax-efficient income sources in lower tax brackets • Working efficiently within the tax brackets • Putting the least amount of “strain” on an asset to deliver the next dollar to spend • Implementing all income-splitting opportunities • Determining which assets are best to use and which are best to defer

  9. Order of Layering Income Structure • Most Flexible and Tax Efficient • TFSA and CDA • Non - Registered Capital • Tax-favoured Income • RRSP / RRIF Income • Taxable Non-RRSP Distributions • Pension / Locked-In Assets • Government Benefits • Least Flexible and Tax Efficient Source: exkalibur.com/wp-content/uploads/2010/09/Balance-and-Harmony-with-blue-balls.jpg

  10. Order of Layering Income Structure

  11. Order of Layering Income Structure

  12. Key Areas of Weakness • Not addressing all 4 Planning Channels at the same time • Failure to preserve Tax Credits and Gov’t Entitlements • Deferring Wrong Assets • Inefficient Income Layering • Focusing on Investments only • Ignoring Health and Wealth Transfer issues Source: http://www.builtlean.com/2012/03/26/improve-your-weakness/

  13. STRESS TEST YOUR RETIREMENT INCOME PLAN 1 A written plan forecasting income and expenses in retirement to ensure that you don’t run out of money 2 An income strategy has been put in place to produce the cash flow you will need 3 You have guaranteed a portion of your income needs so you are not exposed to the “order of market return” RISK 4 Your strategy is tax efficient, cost efficient and takes advantage of income planning options available to you

  14. OUR APPROACH TO RETIEMENT INCOME PLANNING: • Income Streaming=Process Certainty Income Taxation Fees Flexibility Probability Perpetuity • Income continuum: It’s a process not an event! Today Future Survivor Estate Re-Imagine puts your individual retirement income plan in place!

  15. We may be able to assist you in getting the weaker parts of your retirement income plan working better for you :

  16. Thank you for your time

  17. Disclosures • This presentation was prepared by Lorraine June and Pearl Niwatsukino who are registered Investment Advisors with HollisWealth, a division of Scotia Capital Inc. This is not an official publication of HollisWealth. The views expressed in this presentation are those of the authors alone, and they have not been approved by, and are not necessarily those of HollisWealth. • The information contained in this presentation has been obtained from sources believed to be reliable, but not guaranteed. Care has been taken to ensure the accuracy of the content, but no responsibility is accepted for any errors or omissions herein. • Views expressed regarding a particular company, security, industry or market sector are the views of that authors alone and should not be considered as an indication of trading intent of a security, mutual fund or hedge fund, nor are they a recommendation to buy or sell, nor should they be relied upon as investment advice. • SIACharts.com specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment. None of the information contained in this website or document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. Neither SIACharts.com, (FundCharts Inc.), (SIA Markets Inc.) nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. • Back tested performance is hypothetical (it does not reflect trading in actual accounts) and is provided for informational purposes to indicate historical performance had portfolio(s) been available over the relevant period. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any investment process, does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. There are no absolute guarantees in investing so when reviewing any back tested performance information on the SIACharts.com website, email content, or other materials, ensure that you do not use to make investment decisions.

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