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Our Core Business : Holistic personalized approach to financial planning

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Our Core Business : Holistic personalized approach to financial planning

  1. 1. Our personalized approach to financial planning The Plan
  2. 2. … A Taste Of Freedom <ul><li>Plans developed must be monitored and changed as necessary </li></ul><ul><li>Planning is a process </li></ul>
  3. 3.
  4. 4. This presentation is offered by <ul><li>Is provided by Investors Group Financial Services Inc., a financial services firm. </li></ul><ul><li>Is presented as a general source of information only, and is not intended as a solicitation to buy or sell investments, nor is it intended to provide professional advice including, without limitation, investment, financial, legal, accounting or tax advice. For more information on this topic or on any other investment or financial matters, please contact me , Turenne Joseph, consultant at Investors Group. </li></ul><ul><li>Although we have tried to ensure the accuracy of this information, tax laws change frequently so the provisions and exemptions mentioned in this presentation may change. </li></ul><ul><li>Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated. </li></ul><ul><li>The Canada Education Savings Grant and Canada Learning Bond are sponsored by Human Resources and Social Development Canada. Eligibility for the Canada Learning Bond is dependent upon family income levels and province of residence. </li></ul><ul><li>Insurance products and services distributed through I.G. Insurance Services Inc., a Financial Services Firm. Insurance license sponsored by The Great-West Life Assurance Company (outside of Quebec). </li></ul><ul><li>The Investors Group Charitable Giving Program is offered together with the Strategic Charitable Giving Foundation, which operates independently from Investors Group. Donations under the Program are irrevocable and vest with the Foundation. This information is general in nature and not intended to be professional tax advice. Please read the Program Guide for complete details, including fees and expenses. </li></ul><ul><li>™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations. </li></ul>Turenne Joseph Financial Security Advisor , Mutual Funds Representative Licensed in Quebec, Ontario and British Columbia Investors Group Financial Services Inc. , a financial services firm. [email_address]
  5. 5. Investments Planning Tax Planning Estate Planning Risk Management Cash Management Retirement Planning Holistic personalized approach around these six basics disciplines of financial planning Our added value…
  6. 6. Pay Yourself First… Plan to spend, Save what’s left Plan to save, Spend what’s left Cash Management <ul><li>Once your objectives are set , your non-discretionary expenses are fixed , you determine the amount you need to achieve your goals, budget it and, spend the rest. </li></ul>
  7. 7. Being Prepared … … Emergency Fund <ul><li>Have sufficient funds to handle essential expenses during a three to nine month period. </li></ul><ul><li>Choose a short-term investment that provides instant access to your money. </li></ul><ul><li>Consider the new Tax-Free Savings Account (TFSA) as an emergency fund. </li></ul><ul><li>Consider a line of credit. </li></ul>
  8. 8. … Efficient Debt Management <ul><li>Good debt </li></ul><ul><li>Supports cash flow </li></ul><ul><li>Helps to build wealth long term </li></ul><ul><li>Bad debt </li></ul><ul><li>Drains cash flow </li></ul><ul><li>Used to purchase disposable items </li></ul>Being Prepared …
  9. 9. ...Mortgage Planning Investments Planning Tax Planning Estate Planning Risk Management Cash Management includes ‘ ’ Mortgage Planning ’’ Retirement Planning Consider...
  10. 10. Choose the right mortgage… get the right rate!
  11. 11. Maximize your net worth!
  12. 12. TFSA : Tax Free Savings Account CASH MANAGEMENT & TAX PLANNING In addition, Tax-sheltered …. … Emergency Funds, vacation, business start-up new car, new home, cottage, renovation, education, retirement…. True cameleon… Flexible saving solution…
  13. 13. Reducing the tax bite Taxes… Taxation… We’d all like to keep more of what we make….
  14. 14. Your financial success depends in part on how you manage your annual tax burden <ul><ul><li>Deduct </li></ul></ul>… Taxes … Taxation <ul><ul><li>Difer </li></ul></ul><ul><ul><li>Divide </li></ul></ul>
  15. 15. Now is the time! Year-round … TAX PLANNING Learn how to take advantage of good opportunites… Short-term and long-term…
  16. 16. … Comes memorable moments…
  17. 17. How can you save? <ul><ul><li>You have the current income </li></ul></ul><ul><ul><li>You borrow the funds </li></ul></ul><ul><ul><li>You plan and you save </li></ul></ul>
  18. 18. Registered Education Savings Plans (RESP) Does Your Education Savings Strategy Make the Grade? TAX PLANNING
  19. 19. Benefits of contributing to an RESP The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of your RESP or returns on investment 114 969 $ 87 141 $ - $ 10 000 $ 20 000 $ 30 000 $ 40 000 $ 50 000 $ 60 000 $ 70 000 $ 80 000 $ 90 000 $ 100 000 $ RESP Regular Income Basic CES grant Contribution (pretax) RESP : Contributing $208.33 at the start of each month for 18 years and 20% grant at the start of each month for 14.4 years and earning 8% “before taxes” over 18 years. Regular Investment : Investing $208.33 at the start of each month for 18 years earning 8% (a portion of the earnings is subject to annual taxation).
  20. 20. RESP or TFSA ? Assumptions : Investment Return 6.5% Lump sum annual contributions on January 1 of each year. GOAL: Save for a child’s education Maximum Final value with flexibility A combination of both offers the best of both worlds…
  21. 21. The best of both worlds… RETIREMENT PLANNING Today and Tomorrow
  22. 22. … Make it everything it can be ! Building a solid retirement plan is a lifetime project
  23. 23. $ $ $ $ Go up Stay same Go down Now Age 55-65 The Dream Target Net Worth @ Retirement You want… Your needs to go down? To maintain the same lifestyle? Your net worth to go up? I N T E G R I T Y > Q U A L I T Y > R E S P O N S I V E N E S S
  24. 24. Is there a gap between your goals and reality? Your desired retirement lifestyle *FINANCIAL GAP Your current retirement forecast Financial Strategy <ul><li>How do you fill the GAP? </li></ul><ul><ul><li>Take more risks </li></ul></ul><ul><ul><li>Bring down your expectations </li></ul></ul><ul><ul><li>Invest more mone </li></ul></ul><ul><ul><li>Have a Financial Strategy </li></ul></ul>
  25. 25. <ul><li>Other : </li></ul><ul><ul><li>Part-time employment </li></ul></ul><ul><ul><li>Home equity </li></ul></ul><ul><ul><li>Individual Pension Plan </li></ul></ul><ul><ul><li>Etc… </li></ul></ul>Complexities of various income streams ? Multiple income sources require planning <ul><li>Personal savings : </li></ul><ul><ul><li>RRSP/RRIF </li></ul></ul><ul><ul><li>TFSA </li></ul></ul><ul><ul><li>Non-registered investments </li></ul></ul><ul><ul><li>Etc… </li></ul></ul><ul><li>Government : </li></ul><ul><ul><li>CPP </li></ul></ul><ul><ul><li>QPP </li></ul></ul><ul><ul><li>OAS </li></ul></ul><ul><ul><li>Etc… </li></ul></ul><ul><li>Employer sponsored : </li></ul><ul><ul><li>Employer pension plan </li></ul></ul><ul><ul><li>Group RSP </li></ul></ul><ul><ul><li>Deferred profit sharing </li></ul></ul><ul><ul><li>Etc… </li></ul></ul>
  26. 26. Retirement Income Planning in a Nut-Shell <ul><li>Determine your retirement goals </li></ul><ul><ul><li>Take a snapshot of your current situation </li></ul></ul><ul><ul><li>Determine your retirement goals / identify gaps </li></ul></ul><ul><ul><li>Identify risk </li></ul></ul><ul><li>Create your Retirement Paycheque TM </li></ul><ul><ul><li>Understand sources of income </li></ul></ul><ul><ul><li>Calculate your retirement income needs </li></ul></ul><ul><ul><li>Combine your income into a single income stream </li></ul></ul><ul><li>Maximize your Retirement Paycheque TM </li></ul><ul><ul><li>Take advantage of additional tax-saving strategies </li></ul></ul><ul><ul><li>Consider asset protection strategies </li></ul></ul>
  27. 27. Maximize your net worth! Calculate your retirement income Calculate your retirement income Don't simply retire from something; have something to retire to HARRY EMERSON FOSDICK
  28. 28. Charting the right course Successfully navigating challenging markets INVESTMENTS PLANNING is the key to reaching your financial goals
  29. 29. Manage Risk Through a Diversified Portfolio <ul><li>Customized to meet specific needs </li></ul><ul><li>Maximize return based on risk tolerance </li></ul><ul><li>Off-sets market volatility </li></ul>AGGRESSIVE RETURN RISK CONSERVATIVE CONSERVATIVE MODERATE MODERATE MODERATE AGGRESSIVE
  30. 30. Strategic Investment Planning takes the worry out of market fluctuations <ul><li>Focus on the long term </li></ul><ul><li>Invest regularly </li></ul><ul><li>Optimize asset mix </li></ul><ul><li>Diversify at home and abroad </li></ul><ul><li>Set goals, Revisit and Revise plan, Rebalance portfolio </li></ul>AGGRESSIVE MODERATE CONSERVATIVE MODERATE MODERATE AGGRESSIVE
  31. 31. The Corporate Class Advantage Tax planning benefits throughout the lifecycle of your investments: We have the tools…
  32. 32. Our money management professionals monitor markets from a global perspective We have the resources… Winnipeg Montr é al Dublin Hong Kong Investors Group is poised to help …
  33. 33. INVESTORS GROUP SECURITIES INC. <ul><li>Products to fit every plan </li></ul><ul><li>Plans to fulfill every goal </li></ul><ul><li>Competitive Fees and Commission Rates </li></ul><ul><li>Access to experts </li></ul><ul><li>Protection you can depend on </li></ul><ul><li>Working with you and for you </li></ul><ul><li>Service that works for you </li></ul>We have the tools …
  34. 34. Consolidate your stocks, money market instruments, treasury bills, fixed income investments and non Investors Group mutual funds into an overall plan. I N T E G R I T Y > Q U A L I T Y > R E S P O N S I V E N E S S Investors Group . Securities Inc. We are registered in all Canadian provinces and territories
  35. 35. Group RRSP, Group TFSA , Group Insurance Your business is more appealing with a versatile benefits package that helps attract and retain good employees We have the tools… The power of Group Plans
  36. 36. It takes a lifetime to accumulate … it’s worth protecting Are you unknowingly gambling with your and your family’s future… ? RISK MANAGEMENT
  37. 37. Risks of Life … … can adversely affect you and your survivors’ financial foundation Old Age Without Adequate Income Sudden Disability Premature Demise
  38. 38. the Dream… the Reality… $ $ $ $ Go up Stay same Go down Now Age 55-65 The Reality 1/3 of people will have to access their savings in order to deal with a disability, critical illness or need to care for aging parents.* Delayed retirement? The Dream Target Net Worth @ Retirement *1985 Commissioner’s Disability Table A (experience table); CIA 86 to 92 Aggregate Mortality Table
  39. 39. Life Insurance vs Lifestyle Insurance ™ <ul><li>Life insurance pays the benefit to your designated beneficiary after your death </li></ul>How about Peace of mind and financial security when you need them most…? <ul><li>Lifestyle Insurance™ pays benefits to you, while you’re alive </li></ul>
  40. 40. Lifestyle Insurance ™ is planning for no compromises on your choices and dreams… Protect your ability to generate an income You’ve poured your soul into building a successful business… RISK MANAGEMENT
  41. 41. Segregated Funds vs. Other Investments RISK REWARD Low High Low High <ul><li>Regular non business investments </li></ul><ul><li>No potential for creditor protection </li></ul><ul><li>Lower expected return </li></ul><ul><li>risk = business risk </li></ul><ul><li>Segregated Funds </li></ul><ul><li>Lower Risk </li></ul><ul><li>Potential For Creditor Protection </li></ul><ul><li>Lower Return </li></ul><ul><li>Business </li></ul><ul><li>Highest Risk </li></ul><ul><li>Highest Expected Return </li></ul>RISK MANAGEMENT Business Assets Regular Investments (ie: GIC’s, Stocks, Mutual Funds) Segregated Fund Contract
  42. 42. <ul><li>An unexpected need for cash </li></ul><ul><li>Protect if possible from creditors </li></ul><ul><li>Offset (non-medicare) medical & dental expenses </li></ul><ul><li>Preserve lifestyle during retirement </li></ul><ul><li>Reduce/remove burden of debt </li></ul><ul><li>Offset expected reduction in net income </li></ul><ul><li>Replace personal income </li></ul><ul><li>Pay fixed expenses to keep the business going </li></ul><ul><li>Offset shrinkage – realize true business value </li></ul><ul><li>Funding buy-sell of shares & repayment of shareholder’s loan </li></ul><ul><li>Wealth preservation – pay large medical expenses </li></ul><ul><li>Wealth preservation – pay tax on capital gains & registered funds </li></ul><ul><li>Pay tax on recapture of depreciation (sole proprietor) </li></ul><ul><li>Increase cash flow & reduce capital gains on shares </li></ul><ul><li>Provide a fair & equitable estate distribution to heirs </li></ul><ul><li>Enhance the size of the estate </li></ul><ul><li>Gift to charity; reduce taxes & recoup capital on death </li></ul>Financial concerns of business owners Risk Management Plan
  43. 43. Financial solutions for business owners Risk Management Plan <ul><li>Buy-Sell Agreement </li></ul><ul><li>Estate Freeze </li></ul><ul><li>State Bond </li></ul><ul><li>Insured Annuity </li></ul><ul><li>Insured Gift </li></ul><ul><li>Critical Illness insurance </li></ul><ul><li>Disability insurance </li></ul><ul><li>Long Term Care insurance </li></ul><ul><li>Medical and dental insurance plan </li></ul><ul><li>Life insurance </li></ul><ul><li>Segregated Funds </li></ul>
  44. 44. … to pass the torch … We can help with key issues and challenges towards a smooth transition COMES THE TIME RISK MANAGEMENT PLAN
  45. 45. Define your legacy … ESTATE PLANNING
  46. 46. The importance of State Planning <ul><li>Will </li></ul><ul><li>Safeguards your interests </li></ul><ul><li>Mandate in </li></ul><ul><li>anticipation of incapacity </li></ul><ul><li>Choose who will look after you </li></ul><ul><li>Taxes </li></ul><ul><li>Did you know that 30 secondes before your death, all your assets are deemed disposed? </li></ul>
  47. 47. The Tax Planned Will Creating tax savings for your spouse and the next generation Testamentary trusts can also provide tax savings for beneficiaries Testamentary Trusts <ul><li>protection for beneficiaries against creditor/family claims </li></ul><ul><li>second marriages </li></ul><ul><li>spendthrift beneficiaries </li></ul><ul><li>disabled beneficiaries </li></ul><ul><li>young beneficiaries </li></ul>Special Situations:
  48. 48. Your wishes are…? for your family, your community, a cause that you value…
  49. 49. Possible Goals… <ul><li>Large inheritance? </li></ul><ul><li>Provide for a dependant who is disabled? </li></ul><ul><li>Transfer a business? </li></ul><ul><li>Minimize tax? </li></ul><ul><li>Charitable gifts? </li></ul>
  50. 50. <ul><ul><li>Ensure your wishes are fulfilled </li></ul></ul>estate planning is not a ONE-time task <ul><ul><li>C onsider your personal goals </li></ul></ul><ul><ul><li>Protect and distribute your estate </li></ul></ul>Plan the ultimate gift…
  51. 51. Giving to your favourite cause can last beyond your lifetime … <ul><li>A charitable legacy isn’t reserved for the ultra-rich </li></ul>
  52. 52. Giving of your wealth <ul><li>Making a planned gift </li></ul><ul><ul><li>Make a bequest to a charity in your will </li></ul></ul><ul><ul><li>Establish a donor advised fund </li></ul></ul><ul><ul><li>Establish a charitable remainder trust </li></ul></ul><ul><ul><li>Donate a life insurance policy </li></ul></ul><ul><ul><li>Establish a charitable life annuity </li></ul></ul><ul><ul><li>Gifts of Registered Plans or Life Insurance </li></ul></ul><ul><ul><li>Establish a private foundation </li></ul></ul><ul><ul><li>Donate publicly traded stocks or securities </li></ul></ul>It’s your gift … it’s your choice Philanthropy
  53. 53. It’s your gift … it’s your choice … <ul><li>Similar to having your own private foundation </li></ul><ul><li>No administrative responsibilities </li></ul><ul><li>No upfront costs </li></ul><ul><li>Immediate tax benefits </li></ul><ul><li>Ability to support your favourite charities now and in the future </li></ul><ul><li>Builds a long-term charitable gift planning strategy </li></ul>Y ou can name your account and personally recommend grants to desired charitable organizations on an annual basis
  54. 54. A smarter way to give … <ul><li>Today and for the future </li></ul>
  55. 55. your dreams, in continued mode… your transitions… your destinations, your concerns… your goals,
  56. 56. … Maximize your possibilities and financial freedom … Turenne Joseph Tel. Office :    (514) 350-8750 ext. 8815 Toll Free : 1 (866) 688-8750 Fax :   (514) 350-8752 Email :   [email_address]   Financial Security Advisor Mutual Funds Representative Licensed in Québec, Ontario and British Columbia Investors Group Financial Services, a Financial Services Firm.   2001 University, Suite 1620 Montreal QC H3A 2A6 You have questions ? Source: Advisors Insights, Inc.

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