Protect your Retirement Savings

Leave a Legacy and Enhance Your Wealth

Estate Planning and Wealth Enhancement should not be mutually exclusive

Through our Transgenerational Programme, you would purchase and own a Life Insurance Policy that insures the lives of your children or grandchildren to:

  • Provide an immediate enhancement of your Legacy.
  • Create a growing Tax-Sheltered Savings Account that you can access at any time.
  • Provide financial support to the families of your adult Children should they die prematurely.
  • Establish a structure that will permit a tax-free transition of Funds to your Estate.

The link below will take you to a case study based on an actual situation illustrating how Transgenerational Insurance enhanced and protected three generations of one family.

Transgenerational Case Study »
(374 kb PDF file)

CONTACT US

To set up a no nonsense confidential review to determine if our Smart Estate or other proven financial strategies will work for you, contact us at 1-800-665-7707 or Email info@tlsfinancial.com

The 7 new Retirement Financial Strategies

Canadians can no longer rely on pensions, government benefits and bull markets.

There was a time when many Canadians retired right at age 65—whether they wanted to or not. It was a full-stop kind of retirement: you worked for the same company for most of your career, they threw you a party on your last day, and the next morning you woke up to a life of hobbies and doting on grandkids. Government benefits and traditional employer pensions kicked in immediately and they were often sufficient to take care of you, even if you had no other savings.

That traditional notion of retirement is pretty much dead. Today most Canadians are able to say goodbye to a full-time career sometime during their early 60s, but the new retirement comes in many forms. It might include golf, travel and volunteering, but it’s also likely to involve contract or part-time work, too. More and more, the goal of retirement is really about achieving financial independence—or to use the word coined by MoneySense editor Jonathan Chevreau, “findependence.” That’s the point in life where your career and lifestyle choices are no longer driven by financial necessity, and it may occur decades before traditional retirement.

The challenge, however, is that the responsibility is more on your shoulders than it was in the paternalistic past. Defined benefit pension plans are dying out, except in the public sector. And the government is starting to scale back seniors’ benefits such as Old Age Security, which will eventually start at age 67 instead of 65. Increasingly, your retirement income depends on how much you save and how you manage your own money. Unfortunately, just while this is happening, your nest egg has no doubt been afflicted by low interest rates and uncertain stock markets. All this makes the new retirement more precarious.

In what follows, we describe seven strategies that will speed you towards financial independence, preferably while you’re still young enough to enjoy it. You’ll also meet seven Canadians who are living out their lifelong dreams and reinventing the traditional notion of what it means to be retired.

  1. Reinvent your job
  2. Protect your savings
  3. Boost your income with dividends
  4. Cash in on your home
  5. Think differently about debt
  6. Wait before you buy an annuity
  7. Reduce your tax bill

Read the full article here: MoneySense

From David Aston

Call our office at 1-800-665-7707.
Our Advisors are available for a complimentary review of your situation to help you determine if our Cost Recovery Programme, or any of our other proven financial strategies, are right for you.
Contact Us For A Review

The Best Strategies for Your RRSP and TFSA When Money’s Tight

Whether you have limited funds to invest or need to withdraw some hard cash, explore a tax-friendly solution.

If you have limited funds this RRSP season, and you can’t maximize both your RRSP and TFSA contributions, you likely will have to choose which plan is best for you this year. Both an RRSP and TFSA allow you to invest in variety of things, including GICs, mutual funds, bonds and equities, and both may allow you to effectively enjoy tax-free investment income while the funds remain in the plans. But there are two main distinguishing factors.

The first is the tax rate differential for RRSP contributions and withdrawals.

But the second, often neglected, differentiating factor between an RRSP and a TFSA is the additional flexibility that comes from a TFSA.

Read the full article here: Financial Post

From Jamie Golombek

Oldest Workers: Why We Refuse To Retire?

At 102 years old, Loren Wade is one of the oldest workers in America.

For the past 30 years, he has worked at Wal-Mart’s Winfield, Kansas store. Currently, he works 32 hours a week as an associate in the lawn and garden department, doing everything from stocking the shelves and running the cash register to helping customers pick out flowers for their garden.

Read More >>

 

  • Name: Betty Reid Soskin
  • Age: 93

Betty Reid Soskin has been an office worker, a record store owner and a political staffer. But it wasn’t until she was well into her 80s that she found her dream job.

 

Seven years ago, she became a park ranger at the Rosie the Riveter/World War II Home Front National Historical Park in Richmond, Calif. Three times a week, she shares with visitors what it was like to work in a segregated union hall during World War II — how she never saw herself as a “Rosie” since black women weren’t hired to do the same work as white women.

Read More >>

  • Name: Kenneth Curzon
  • Age: 91

In a career that has spanned many decades, Kenneth Curzon has done everything from managing service centers at car dealerships to acting as Smokey the Bear for the U.S. Forest Service. He’s also a World War II veteran who witnessed D-Day from the beaches of Normandy as a member of the British forces.

But for the past 24 years he has been running the parking services at Scripps Memorial Hospital, which sees more than 3,000 vehicles come in and out every day.

Read More >>

Read the full article here >>

She Must Raise Cash and Cut Losses to Retire

A self-employed art therapist in Toronto, wants to retire in 5 years but she is already dipping into her savings by about $1,000 a month to stay afloat

Situation: Woman with budget in red faces shriveling income when she gives up her business

Solution: Get more income out of properties by increasing rentals, pay off mortgage, invest cash

Read the full article here: Financial Post

From Andrew Allentuck

retirement planning

Why your TFSA is just what your Over-taxed RRIF needs

As RRSP season closes and many Canadians prepare for tax time, a CBC Marketplace investigation reveals that financial advisers at some of Canada’s top banks and firms are giving consumers inaccurate, misleading and inappropriate advice.

Meanwhile, consumers face a complicated patchwork of regulatory bodies if they want to complain about bad investment advice, as some investor rights groups call for more robust consumer protection rules.

Read the full article here: Financialpost

From Fred Vettese.

canadian money

Investments – What Would October Be Without Some Market Volatility?

Well before we start running for the hills let’s look at where we have come from to see if we can crystal ball where we are going.

Investments Financial Planning

Investments – Financial Planning

Since the market last bottomed out in 2009, Canadian and U.S. Markets have rallied on an accumulated basis over 110% and 200% respectively. During that 5 year period of extraordinary growth, we have endured US political deadlock, the Greek default of 2010, Eurozone crisis in 2011 and now we have the conflicts in the Middle East, Russia acting as a bully and slowing economies in Russia and China.

Countering that is:

  1. Steady growth in the U.S. and record low jobless claims with falling prices (in the U.S. anyway) at the gas pumps.
  2. The investment funds we recommend continue to produce positive return in 2014 following their very strong 2013 returns.

So what does this mean?

In my opinion this is a normal and healthy correction necessary when markets tend to get ahead of themselves.

Our fund managers actually anticipated this event and recently moved to more defensive positions in their portfolios.

In other words – it is business as usual and we continue to be satisfied with your fund allocations and management.

Contact Us

Call us at 1-800-665-7707 for a complimentary review to see if any of our proven financial strategies will work for you. Please do not hesitate to contact Ron or myself if you have any questions or want to discuss your portfolio.