Planning Your Retirement Savings

Leverage our expertise to turn your retirement dreams into reality. We're here to guide you every step of the way, from building your retirement nest egg to enjoying your well-deserved retirement lifestyle.

Chances are, you already have a vision of what you'd like to do in retirement, whether it's renovating your family home, embarking on global adventures, or investing in a vacation property. Regardless of the scale of your retirement aspirations, effective planning today can make them a reality.

To create a savings strategy that aligns with your retirement dreams, you'll need to assess your current financial assets in relation to your retirement goals. Consider factors such as the tax implications of your investments, your estate plan, various income sources, and any other elements that can influence your savings potential and future income.

Your advisor possesses the expertise required to assist you throughout this process. Collaboratively, you can precisely define your retirement objectives, determine your retirement needs, and identify the most suitable strategies to implement at key stages of your life.

Typically, there are four life stages during which it is crucial to review your savings and investment strategies to ensure you're on the right path towards your dream retirement:

1. Accumulation Stage: This phase applies if you're just starting your career and have limited invested assets with relatively high expenses. For instance, you may be contemplating your first home purchase, repaying student loans, or planning to start a family.

2. Preservation Stage: The preservation stage is relevant when you've initiated the accumulation of retirement savings, established a stable career, and have family responsibilities. At this point, the focus is on preserving your wealth while continuing to grow your assets with calculated risks.

3. Disbursement Stage: The disbursement stage marks the transition into retirement. Properly managing your wealth during this phase is crucial to optimize your pension income.

4. Transfer Stage: The transfer stage pertains to the disposition of your wealth after your passing. It's vital to have a well-prepared asset transfer plan and the right succession strategy in place to ensure your loved ones are cared for according to your wishes.

While each stage is commonly associated with a specific age group, your circumstances may vary. Therefore, it's essential to have an expert assess the solutions tailored to your unique life journey and aspirations. Your Danisi Financial Group investment advisor is well-versed in the advantages and disadvantages of various savings solutions and retirement income options, and can provide insights into their fiscal and financial implications.

By engaging in discussions with your advisor about your goals, you'll be better equipped to make informed decisions regarding:

• Pension plans
• RRIF (registered retirement income fund)
• LIF (provincial or federal life income fund)
• LIRA (locked-in retirement account)
• RRSP, TFSA (Tax-Free Savings Account)
• Government plans
• Investment income
• Annuities
• Any other strategies impacting your retirement income

Leverage our knowledge and experience to make informed decisions tailored to your unique circumstances. We're here to assist you in:

• Assessing the most suitable investment strategies for your goals
• Projecting your retirement income over the short, medium, and long terms
• Evaluating your retirement cash assets
• Prioritizing disbursements to minimize your tax obligations