Securing Your Golden Years: Unbiased Retirement Planning with a Tax-Savvy Edge

For high-net-worth families, retirement planning transcends the mere notion of saving—it’s a meticulous art that balances enjoying a well-deserved lifestyle while safeguarding the wealth you intend to pass on. As a Chartered Professional Accountant, Master in Tax Law, MBA holder, and Trust Estate Practitioner, I specialize in providing objective retirement advice. Our practice, distinct from traditional wealth managers, is not incentivized by the balance of your RRSP portfolio. Instead, we pride ourselves on delivering strategic advice driven by robust numbers and astute tax planning, ensuring you draw from your retirement nest egg in a manner that minimizes taxes and, if it aligns with your goals, maximizes post-tax wealth transfer. This is our commitment to you: ‘Tell us your ambitions and we will guide you there.’

The Blueprint for Tax-Efficient Retirement Planning

Retirement planning with our firm is a bespoke journey, tailored to your unique financial tapestry:

1. Comprehensive Financial Health Review: We begin with an in-depth analysis of your financial landscape, beyond just your RRSPs, to construct a holistic view of your wealth.
2. Personalized Retirement Goals: Whether your retirement vision involves travel, entrepreneurship, or philanthropy, we align your financial plan with your aspirations.
3. Objective Risk Assessment: We create an investment strategy based on your comfort with risk, focusing on long-term sustainability rather than short-term gains.

Investment Strategies: Beyond RRSPs

Our investment strategies are built around more than just RRSP contributions:

1. Diversified Portfolio Management: We look across all asset classes and accounts, including TFSAs, non-registered investments, and trusts, to optimize your retirement portfolio.
2. Tax-Efficient Asset Location: Strategic placement of investments across different types of accounts can significantly impact your tax liability during retirement.
3. Continuous Portfolio Reassessment: We actively monitor and adjust your investment plan to ensure it remains in harmony with your evolving retirement goals and market conditions.

Strategic Withdrawal Planning: A Numbers-Backed Approach

When it comes to retirement withdrawals, our strategy is underpinned by a tax-first approach:

1. Optimized Withdrawal Sequencing: Our analysis will dictate the most tax-efficient sequence for withdrawing from various accounts, whether it’s RRSPs, TFSAs, or non-registered investments.
2. Minimizing Tax Impact: We meticulously plan your retirement income streams to keep you in the most favorable tax brackets while fulfilling your cash flow needs.
3. Maximizing Wealth Transfer: For those looking to leave a legacy, we integrate estate planning with retirement planning to ensure a maximized, tax-efficient transfer of wealth to your heirs.

Conclusion

At our firm, retirement planning is an exercise in precision, tailored to the sophisticated needs of high-net-worth individuals. Our approach is distinctly impartial, free from the conflicts of balance-based advising, grounded in number-centric analysis and forward-thinking tax strategies. We are here to ensure that your retirement is not only comfortable but also financially efficient, preserving your wealth according to your wishes.

Call-to-Action

Embark on a journey to a secure and fulfilling retirement with guidance that’s free from the influence of where your portfolio is at. At Shajani CPA, your prosperity is our greatest ambition. Connect with us, and let’s craft a retirement plan that stands the test of time, backed by numbers and sound tax planning.

This information is for discussion purposes only and should not be considered professional advice. There is no guarantee or warrant of information on this site and it should be noted that rules and laws change regularly. You should consult a professional before considering implementing or taking any action based on information on this site. Call our team for a consultation before taking any action. ©2024 Shajani CPA.

Shajani CPA is a CPA Calgary, Edmonton and Red Deer firm and provides Accountant, Bookkeeping, Tax Advice and Tax Planning service.