[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and the title of the presentation "A story about a family we helped retire." ]

 

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[On screen: Randy Yozipovic, Senior Wealth Advisor, Portfolio Manager. Randy with shoulder-length wavy hair and a beard sits in a modern office setting. He is wearing a dark gray suit with a light gray shirt, unbuttoned at the collar. Behind him, floor-to-ceiling windows reveal a cityscape with buildings under a clear sky. ]

 

RANDY YOZIPOVIC: This is a story about a family that we helped on the retirement journey. They were a long time friend of an existing client that we'd worked with for over 20 years, and they were introduced to us, which is how most new families we work with come about, it's through an introduction from an existing family.

 

[Image on screen: Four individuals seated on a wooden dock during sunset. From left to right, a young woman, an older man, an older woman with her hair tied back, and a young boy are seen from behind, gazing at the sun dipping below the horizon. The warm sunlight bathes the scene in a golden hue, creating a silhouette effect. In the background, majestic mountains are partially shaded by the soft glow of the setting sun. The tranquility of the water and the grandeur of the mountains create a picturesque and peaceful setting. ]

 

RANDY: This couple was in the process of retiring, and they wanted to get onto that next phase of their life. They had goals to consolidate and simplify their financial affairs so they could just enjoy the retirement years and not be bogged down with the minutia of managing their finances.

At the time, they were managing stuff on their own. They had a couple of different institutions they were at. They had stock options, a work savings plan, a company pension plan, all pretty typical stuff, and they've been balancing this on their own and never really had worked with a financial advisory team before. That just made it even more exciting for us to connect them into our wealth management process and to meet with a financial planning specialist who could help them build a retirement income roadmap to give them the peace of mind that they were going to be okay.

First off, we proposed a simple, consolidated investment plan with five different but complimentary investment strategies. We also made sure that they had a couple of years cash for their near-term spend and their travel needs as they came up, that way they'd have liquidity in case they retired in the midst of a market correction. We reviewed all their insurance needs to ensure the family was protected, and we looked at their tax liabilities to make sure they were minimized.

Most importantly, we analyzed their defined benefit pension plan and determined that with the reduction and interest rates that had recently happened, they would actually get a larger sum than they thought they would, and they'd be better off controlling their own capital rather than taking the monthly pension. Finally, we set them up with online access to their plan, gave them customized reporting they could actually understand, and we set up a meeting and review schedule to ensure that they would have consistent opportunities to ask questions, and basically just to know they were on track.

Not only were we able to help them find clarity with the next phase of their life, this family is comfortable with the direction they're going financially, and that allows them to not just enjoy retirement, but to thrive in it, and have the peace of mind that they were looking for.

 

[music]

 

[On screen: The CIBC logo is positioned in the upper left corner against a deep, uniform maroon background. Next to it, the text reads "CIBC Private Wealth." Below this, the slide presents the text "R&R Investment Partners" and www.rrip.ca. ]

 

[On screen: A disclaimer slide with a maroon background. White text reads, "This video is provided for general informational purposes only and does not constitute financial, investment, tax, insurance, legal or accounting advice, nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her advisor. All opinions and estimates expressed in this video are as of the date of publication unless otherwise indicated, and are subject to change."

At the bottom of the slide, in smaller text, it states, "®The CIBC logo is a registered trademark of CIBC, used under license. The material and/or its contents may not be reproduced without the express written consent of CIBC." ]