The Racine-Marcotte Advisory Group
Accumulation
The accumulation phase usually takes place between the age of 30 up to 60 but in today's world this is not set in stone. Many very important life events take place during that stage of life, such as Marriage, Buying a home, begin a family, and the start up of a new business venture.
During the accumulation stage of life, key events could also include buying a vacation home, paying off the children's college education and marriage, helping out aging parents or grand children, early or late divorces etc.
It is during the accumulation stage that most of us have access to our peak earnings and thus, should start to build important savings.
One of the most important thing to remember:
Always save. Make it a monthly habit. Even if it is a small amount, just do it!
Start by an amount that makes you feel that you are making a good effort and once it feels comfortable, increase it. It is ''The Wealthy Barber's'' simple secret ! (author: Mr. David Chilton).
We have the expertise to help you during each of the stages of life and we would like to share with you some of the documents and links in our toolbox:
- Bringing discipline to your portfolio.pdf
- Laddered Portfolio.pdf
- RRSP Retirement Savings Plans.pdf
- TFSA: Tax-Free Savings Account.pdf
- RESP: Registered Education Savings Plan.pdf
- Family Trust.pdf
- IRP:Insured Retirement Plan.pdf
- Life Insurance Tax-Exempt.pdf
- IPP: Individual Pension Plan.pdf
Protecting wealth & managing risk
You have worked hard for your money and you now wish to protect your family and corporate wealth.
A key element is to find the right financial institution and the right Wealth Management team to help you achieve that result.
A good starting point is to choose a fully licensed investment advisor team such as The Racine-Marcotte Advisory Group at RBC Wealth Management Dominion Securities. Our mandate is to listen to your needs and objectives, design a solid financial approach solution and regularly review your progress by bringing discipline to your portfolio. Your portfolio will also benefit from the protection of the Canadian Investor Protection Fund CIPF*.
Key events in this stage of life between the ages of 60s to 70s could include your retirement, taking advantage of your stock options, the sale of your home or your secondary home and the initiation of the transfer of your business or wealth to the next generation.
We have the expertise to help you during each of the stages of life and we would like to share with you some of the documents and links in our toolbox:
- CIPF: Canadian Investors Protection Fund.pdf
- Family Trust.pdf
- Power of Attorney Mandate.pdf
- Wills and Will Planning.pdf
- Insured Retirement Plan.pdf
Transferring wealth
There are two certainties in this world: We die and we pay income taxes.
While we cannot do much about the first part of that statement, we can certainly help for the second part by protecting your wealth & by significantly reducing your estate's tax burden.
Our alliances with some of the best tax planning specialists enables us to provide you with comprehensive tax planning solutions to leave a legacy that will not cost a fortune in taxes.
We will be glad to help you explore different tax planning solutions such as an Insured Retirement Plan (IRP), Family Trusts, Trust by will, back to back annuity and life insurance protection designed to help alleviate your estate's tax burden.
We are convinced that you will be learning something new and interesting by consulting us.
It's our promise!
SOME INTERESTING LINKS:
Converting wealth
Investors have two major enemies: Inflation and Taxes
Have you accumulated enough savings for your retirement ?
Are your present investments managed to generate predictable income?
Is the after-tax return on your investment portfolio enough to meet your needs?
Is your portfolio invested in tax efficient securities?
We have solutions
We are there to provide tangible solutions to improve your quality of life while maintaining your peace of mind.
Let's face it: Retirement is great when you have accumulated enough savings but could also create a certain amount of insecurity since you no longer have income coming in.
Converting your wealth means to focus on building a strong investment strategy that will enable you to protect your wealth and generate steady income.
We will first help you to determine the income amount you need on a monthly, quarterly or on an annual basis. We will then look at the tax considerations of each of your income streams as we always thrive to minimize the tax impact in your portfolio by investing in tax efficient securities.