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Our  personalized  approach  to  financial planning The Plan
… A Taste  Of Freedom ,[object Object],[object Object]
This presentation is offered by ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],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]
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…
Pay Yourself First… Plan to spend, Save what’s left Plan to save, Spend what’s left Cash Management ,[object Object]
Being Prepared … … Emergency Fund ,[object Object],[object Object],[object Object],[object Object]
… Efficient  Debt Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Being Prepared …
...Mortgage Planning Investments Planning Tax  Planning Estate Planning Risk Management Cash Management includes ‘ ’ Mortgage Planning ’’ Retirement  Planning Consider...
Choose the right mortgage… get the right rate!
Maximize your net worth!
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…
Reducing the tax bite  Taxes… Taxation… We’d all like  to keep more of what we make….
Your financial success depends  in part on how you manage your annual tax burden ,[object Object],… Taxes … Taxation ,[object Object],[object Object]
Now is the time! Year-round  … TAX PLANNING Learn how to take  advantage of good opportunites… Short-term and long-term…
… Comes memorable moments…
How can you save? ,[object Object],[object Object],[object Object]
Registered Education Savings Plans (RESP) Does Your Education Savings Strategy  Make the Grade? TAX PLANNING
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).
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…
The best of  both worlds… RETIREMENT PLANNING Today and Tomorrow
… Make it everything  it can be ! Building  a solid retirement plan is a lifetime  project
$ $ $ $ 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
Is there a gap between your goals and reality? Your desired retirement lifestyle *FINANCIAL GAP Your current retirement forecast Financial Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],Complexities of various income streams  ? Multiple income sources require planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Retirement Income Planning in a Nut-Shell ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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
Charting the right course Successfully navigating challenging markets INVESTMENTS PLANNING is the key to reaching your financial goals
Manage Risk Through a Diversified Portfolio ,[object Object],[object Object],[object Object],AGGRESSIVE RETURN RISK CONSERVATIVE CONSERVATIVE MODERATE MODERATE MODERATE AGGRESSIVE
Strategic Investment Planning   takes the worry out of market fluctuations   ,[object Object],[object Object],[object Object],[object Object],[object Object],AGGRESSIVE MODERATE CONSERVATIVE MODERATE MODERATE AGGRESSIVE
The Corporate Class Advantage Tax planning benefits throughout the lifecycle of your investments: We have the tools…
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 …
INVESTORS GROUP SECURITIES INC. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],We have the tools …
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
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
It takes a lifetime to accumulate …  it’s worth protecting Are you unknowingly gambling with your and your family’s future… ?  RISK MANAGEMENT
Risks of Life … … can adversely affect you and  your survivors’ financial foundation Old Age Without Adequate Income Sudden Disability Premature Demise
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
Life Insurance vs Lifestyle Insurance ™ ,[object Object],How about Peace of mind and financial security when you need them most…? ,[object Object]
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
Segregated Funds  vs.  Other Investments RISK REWARD Low High Low High ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],RISK MANAGEMENT Business  Assets Regular  Investments (ie: GIC’s, Stocks,  Mutual Funds) Segregated  Fund Contract
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Financial concerns of business owners Risk Management Plan
Financial solutions for business owners Risk Management Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
… to  pass the  torch …  We can help with  key issues and challenges towards a smooth transition COMES THE TIME  RISK MANAGEMENT PLAN
Define your legacy … ESTATE PLANNING
The importance of  State Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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 ,[object Object],[object Object],[object Object],[object Object],[object Object],Special Situations:
Your wishes are…?  for your family, your community, a cause that you value…
Possible Goals… ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],estate planning is not a ONE-time task ,[object Object],[object Object],Plan the ultimate gift…
Giving to your favourite cause can last beyond your lifetime … ,[object Object]
Giving of your wealth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],It’s your gift  …  it’s your choice Philanthropy
It’s your gift  … it’s  your choice  … ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Y ou can name your account  and personally recommend grants  to desired charitable organizations  on an annual basis
A smarter way to give  … ,[object Object]
your dreams, in continued  mode… your transitions… your destinations,  your concerns… your goals,
… 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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Our Core Business : Holistic personalized approach to financial planning

  • 1. Our personalized approach to financial planning The Plan
  • 2.
  • 3.
  • 4.
  • 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.
  • 7.
  • 8.
  • 9. ...Mortgage Planning Investments Planning Tax Planning Estate Planning Risk Management Cash Management includes ‘ ’ Mortgage Planning ’’ Retirement Planning Consider...
  • 10. Choose the right mortgage… get the right rate!
  • 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. Reducing the tax bite Taxes… Taxation… We’d all like to keep more of what we make….
  • 14.
  • 15. Now is the time! Year-round … TAX PLANNING Learn how to take advantage of good opportunites… Short-term and long-term…
  • 16. … Comes memorable moments…
  • 17.
  • 18. Registered Education Savings Plans (RESP) Does Your Education Savings Strategy Make the Grade? TAX PLANNING
  • 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. 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. The best of both worlds… RETIREMENT PLANNING Today and Tomorrow
  • 22. … Make it everything it can be ! Building a solid retirement plan is a lifetime project
  • 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.
  • 25.
  • 26.
  • 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. Charting the right course Successfully navigating challenging markets INVESTMENTS PLANNING is the key to reaching your financial goals
  • 29.
  • 30.
  • 31. The Corporate Class Advantage Tax planning benefits throughout the lifecycle of your investments: We have the tools…
  • 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.
  • 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. 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. It takes a lifetime to accumulate … it’s worth protecting Are you unknowingly gambling with your and your family’s future… ? RISK MANAGEMENT
  • 37. Risks of Life … … can adversely affect you and your survivors’ financial foundation Old Age Without Adequate Income Sudden Disability Premature Demise
  • 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.
  • 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.
  • 42.
  • 43.
  • 44. … to pass the torch … We can help with key issues and challenges towards a smooth transition COMES THE TIME RISK MANAGEMENT PLAN
  • 45. Define your legacy … ESTATE PLANNING
  • 46.
  • 47.
  • 48. Your wishes are…? for your family, your community, a cause that you value…
  • 49.
  • 50.
  • 51.
  • 52.
  • 53.
  • 54.
  • 55. your dreams, in continued mode… your transitions… your destinations, your concerns… your goals,
  • 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.

Editor's Notes

  1. Comme vous le verrez tout au long de cette présentation, nos fondements sont l’intégrité, la qualité et la diligence. Mon objectif est d’étendre mon réseau et vous offrir l’opportunité de me connaître afin d’apprécier mon engagement dans le respect de qui vous êtes, où vous êtes et où vous désirez aller… valeur ajoutée assurée.
  2. Il ne vous reste plus que quelques années avant de passer du rêve à la réalité. Vous avez régulièrement cotisé à votre REER et fait d’autres placements non enregistrés en vue de concrétiser le rêve d’une retraite bien méritée. Mais, le grand jour venu, pourrez-vous vivre pleinement la retraite de vos rêves parce que vous vous êtes libéré de vos dettes? La consolidation de dettes* peut être une solution de choix pour réduire vos frais d’intérêt mensuels et accroître votre capacité à investir. Pour mieux vous informer, nous vous proposons une « Analyse personnalisée de vos liquidités ». Cette analyse scientifique tient compte de tous vos besoins de liquidités et met l’accent sur la consolidation de dettes afin que votre plan de remboursement soit adapté à votre plan de retraite global. Communiquez avec moi pour fixer un rendez-vous à votre convenance. Ensemble,
  3. N’est-ce pas ?
  4. Cette présentation est de nature générale afin de vous donner une vue d’ensemble. Assurez-vous d’avoir une rencontre avec un suivi adéquat pour des conseils précis.
  5. The Plan™ from Investors Group can help you develop a roadmap designed to help you prosper now and over time. Our personalized process will touch on three major activities: Gaining control of your day-to-day financial affairs to enable you to do the things that bring you satisfaction and enjoyment Charting a course toward your long-term financial goals such as buying a house, sending your kids to college, or retiring comfortably Building a financial safety net
  6. The first step in financial planning is to think about what your goals are and then to work with a planner to determine how much you will need to save to achieve your goals. Once you have determined that amount, you should budget for it as a fixed expense, not as a discretionary item that you will take care of if there is money left over… Voici les éléments qui maintiennent et ramènent ce goût de liberté encore et encore…. Penser à vous en premier…cela veut dire…Définir d’abord vos objectifs, ce qui est important selon vos valeurs, votre perception de votre mode de vie, vos rêves. Ces éléments établis, le focus est clair. Alors, on valide les engagements incontournables, puis on planifie nos économies, ensuite on dépense le reste plutôt que l’inverse. On a parfois et même souvent tendance à planifier nos dépenses et à économiser le reste. L’inverse permet que vos économies soient non discrétionnaires. Définissez vos objectifs financiers Déterminer vos engagements avec un budget familial Calculez combien il vous faut mettre de côté pour atteindre vos objectifs Considérez ces économies comme des dépenses fixes, non discrétionnaires
  7. As a rule of thumb, a good starting point is to have 3 to 6 months of salary in emergency funding. However, during a recession, a reserve of 9 months of salary might be required. A money market fund is an excellent investment choice for this emergency fund given its liquidity and better rates than a typical bank account. You may want to secure a line of credit before a job loss, one that won’t cost anything until it is used. Shop around as interest rates and features vary among lenders. The TFSA allows for tax-sheltered growth of investment income and tax-free redemptions. Once your cash flow has improved, you can re-contribute the redemption amounts to the TFSA since your TFSA room is regenerated in the year following the redemption by the amount of the redemption.
  8. Taking action on debt management and wrapping all your hopes and dreams for the future into a solid plan can help you look forward with confidence. But debt is a complex concept. Not all of it is good and yet not all of it is bad. When debt is used intelligently, it can be effective in building wealth. One of the secrets to being smart with your money is to differentiate between good debt and bad debt. Most good debt produces cash flow. Mortgage debt is also good debt because it is used to purchase real estate which appreciates in value. The value of homes has been increasing over the past few years, so when you borrow to buy a home, chances are that you’ve built up equity in the home, and that’s good debt. Good debt includes interest costs that are tax-deductible, and debt that can possibly help to produce more wealth in the long run. Debt that is used to invest in a balanced investment portfolio designed for growth, can be good debt. On the other hand, bad debt is used for the purchase of disposable items that will have little value in the future or durable goods with the use of high interest credit. If your current debt and repayment burden are weighing you down, there is a solution. It’s called debt consolidation and it can help put you on the right path. Here’s how debt consolidation can work for you: Eliminate high-interest, high-cost loans by consolidating car payments, education loans, lines of credit and other high-interest debt like credit card payments into one, lower-interest loan. Debt repayment: Eliminate high-interest, non-deductible debt such as credit cards. Debt consolidation: Consider consolidating your debts under a single “umbrella” loan. Debt restructuring: Investigate whether you can re-structure your loans to make all or a portion of the interest tax deductible.
  9. If you own a home, consider consolidating your debt through a home equity loan. You’ll pay a much lower interest rate than you do on your credit cards (which can range from 19 percent to over 28 percent for a retail card), and when you keep your amortization period the same, the lower interest rate creates additional cash flow that you can use toward other financial goals. Mortgage planning is a part of a holistic approach to creating an overall financial plan. Many business opportunities are hidden inside a client’s complete balance sheet which, of course, includes the equity in their home . When looking at the financial situation of the client, be sure you have gathered all information on their debt, including their mortgage and have considered all financing options. The mortgage should always be included when creating a financial plan for the client. Clients need adequate disposable income to meet their financial goals & objectives. They cannot achieve their goals if all their money is being used to service debt. As we will show you today, there are a number of ways that Investors Group mortgages can assist you in developing a unique financial plan suited to the clients needs.
  10. Choisir le bon prêt et profiter du bon taux. C’est choisir l’option qui vous est la plus appropriée.
  11. Ce qui contribuera à maximiser votre avoir net. Votre maison pourrait valoir beaucoup plus que vous ne le pensez Si la valeur de votre maison n’a pas cessé de croître, pensez à mettre cette valeur à votre service. Le Plan de diversification fondé sur la valeur domiciliaire du Groupe InvestorsMC est une stratégie de placement qui vous permet de libérer graduellement la valeur nette de votre maison et de l’utiliser pour faire des placements, grâce à un prêt investissement déductible d’impôt*. Pour vous expliquer cette stratégie plus en détail, je communiquerai avec vous sous peu et je vous remettrai notre document « Plan de diversification fondé sur la valeur domiciliaireMC – Stratégie d’accroissement du capital », qui illustre le fonctionnement de cette stratégie et ses nombreux avantages. * La stratégie présentée dans ce document promotionnel peut comporter un emprunt à des fins de placement et repose surLa stratégie présentée dans ce document promotionnel peut comporter un emprunt à des fins de placement et repose sur l’hypothèse que les frais d’intérêt sont déductibles aux fins de l’impôt sur le revenu fédéral. Le placement financé par emprunt est une stratégie à long terme qui ne convient pas à tous. Si les gains découlant des fluctuations positives de la valeur des placements sont amplifiés, les pertes découlant de leurs fluctuations négatives le sont aussi. Votre maison pourrait valoir beaucoup plus que vous ne le pensez Si la valeur de votre maison n’a pas cessé de croître, pensez à mettre cette valeur à votre service. Le Plan de diversification fondé sur la valeur domiciliaire du Groupe InvestorsMC est une stratégie de placement qui vous permet de libérer graduellement la valeur nette de votre maison et de l’utiliser pour faire des placements, grâce à un prêt investissement déductible d’impôt*. Pour vous expliquer cette stratégie plus en détail, je communiquerai avec vous sous peu et je vous remettrai notre document « Plan de diversification fondé sur la valeur domiciliaireMC – Stratégie d’accroissement du capital », qui illustre le fonctionnement de cette stratégie et ses nombreux avantages. * La stratégie présentée dans ce document promotionnel peut comporter un emprunt à des fins de placement et repose sur l’hypothèse que les frais d’intérêt sont déductibles aux fins de l’impôt sur le revenu fédéral. Le placement financé par emprunt est une stratégie à long terme qui ne convient pas à tous. Si les gains découlant des fluctuations positives de la valeur des placements sont amplifiés, les pertes découlant de leurs fluctuations négatives le sont aussi.
  12. The TFSA allows for tax-sheltered growth of investment income and tax-free redemptions. Once your cash flow has improved, you can re-contribute the redemption amounts to the TFSA since your TFSA room is regenerated in the year following the redemption by the amount of the redemption. A TFSA is not just a savings account with cash in it that earns only 1 to 2%. A TFSA is an investment like an RRSP or non-registered account. What a confusing name – Tax-Free Savings Account. It’s definitely not your bank’s savings account. Generally, the same rules apply to the TFSA as to the RRSP when it comes to determining eligible investments. The types of investments you hold in your TFSA will depend on and be consistent with the goals and objectives of your plan and may change over time. As the TFSA is a registered investment, note that capital losses will not be applied against other capital gains if the investment does poorly. On the other hand, if the investment does very well, all of the capital gain would be sheltered. These are some of the reasons why you should consider your TFSA as an investment rather than a day-to-day savings account…. Tax advantages Growth opportunities Short or long term goals … .the TFSA is a great new plan offered to Canadians.
  13. Vous connaissez les lois sur les impôts….un peu…beaucoup… mais vous savez surtout… comment vos finances en sont affectées. Pourquoi ne pas obtenir des conseils qui pourraient alléger votre fardeau?
  14. On sait que personne n’y échappe à l’impôt. Ce qu’il faut comprendre à la base c’est qu’il y a trois façons de réduire la facture d’impôt… Déduire, diviser et différer. Donner trois exemples rapides… Votre santé financière dépend en partie de la manière dont vous gérer votre charge fiscale annuelle, notamment de planifier sur l’année et à court et long terme plutôt que d’attendre la période des impôts pour agir.
  15. Voyez-y maintenant… Soyez toujours prêt… Par exemple, quand vient des temps mémorables…
  16. Des temps mémorables… Oui, tout au long de votre vie personnelle et professionnelle… celui-ci est un exemple…
  17. Comment épargner….Trois façons…. Vous avez de l’argent….Vous empruntez…Vous planifiez
  18. Votre stratégie obtient-elle une bonne note ? Voici quelques exemples pour le valider……
  19. Here’s another common question that I’m hearing – Should I invest in my RESP or my TFSA? Let’s assume that you have $5,000 a year to invest for your child’s education and you have room in your TFSA to decide between an RESP and a TFSA as a savings vehicle, which one will you choose? Note to Consultant: These amounts do not include the Alberta: ACES grant or the Quebec: QESI grant. Strategy #1: TFSA only If you contribute $5,000 to a TFSA annually for 18 years – the ending value is $172,584 – In this scenario, no Canada Education Savings Grant (CES Grant) is obtained. However, if your child chooses not to go into post secondary education there would be no penalty on the monies withdrawn –the owner of the TFSA would receive the full amount tax-free from the TFSA. Strategy #2: TFSA first, RESP second (you still maximize the CES Grant) The next bar shows us if you contribute $5,000 to a TFSA for 10 years followed by $5,000 to an RESP for 8 years – the ending value is $181,434. In this scenario, you have decided to delay the decision to utilise an RESP until you had a better idea as to whether your child will enter post secondary education – in this case, when the child reaches age 10. In this scenario the maximum $7,200 CESG is still obtained – due to the ‘catch up’ feature the CESG offers. Strategy #3: RESP first (hit lifetime maximum of $50,000), TFSA second The next bar shows a slightly different strategy. If you contribute $5,000 to your RESP for 10 years and then contribute $5,000 to a TFSA for 8 years – the ending value goes up a bit more to $184,476. Now in this strategy, the decision to save for your child's education is made earlier – at birth. Payments to the RESP stop at age 10 because that is the point where you reach the RESP maximum lifetime amount of $50,000. The main difference here is that the full CES Grant is not obtained (as you would only qualify for $5000 of the maximum potential of $7,200 grant) but the additional compounding from receiving the grant earlier results in a higher ending value. Strategy #4: Contribute to both an RESP and TFSA at the same time One more situation to consider, if you contribute $2,500 to each of a TFSA and an RESP for 18 years – the ending value is highest at $187,753. This scenario results in the full $7,200 grant being obtained and also full compounding on the grant money. However, you’ve locked more money into the RESP than is needed to obtain the full CES Grant. So, I used these amounts to easily show you the result. But, know that we have flexibility in the amounts contributed in this strategy to ensure we’re maximizing the CES Grant, not locking more money into the registered plan than you need to and still ending up with the highest final value. There are certainly a lot of choices. And, this is why it’s best to review your personal situation and determine the strategy that works best for you. Note to Consultant : Here’s the more flexible solution to Strategy #4 Contribute $2500 per year to the RESP and TFSA for the first 14 years, in year 15 contribute $1000 to the RESP to obtain the final $200 of grant and $4000 into a TFSA with the final 3 years going into a TFSA. This results in the same dollar value as strategy #4, however, it offers more flexibility on a greater portion of the money.
  20. Il en est de même dans la planification de la retraite
  21. That means doing the necessary to avoid the, If I have known… I would have….
  22. Here is everyone’s dream. You work, use your discretionary income to build net worth - and at your chosen retirement date you have a targeted net worth. From there, your net worth can go up, stay the same or go down - all depending on your lifestyle and estate goals.
  23. Trois éléments pour planifier votre retraite : Déterminez vos objectifs…. Créer votre paye… Maximiser votre paye de retraite… Déterminez vos objectifs de retraite Prenez un instantané de votre situation actuelle Déterminez vos objectifs de retraite / trouvez les lacunes Mesurez le risque Créez votre paye de retraite MC Comprenez les sources de revenu Calculez vos besoins de revenu à la retraite Regroupez vos différentes sources de revenus pour en faire une source de revenu unique Maximisez votre paye de retraite MC Profitez de stratégies d’épargne fiscale supplémentaires Envisagez des stratégies de protection de l’actif
  24. Parmi les outils à votre portée pour tracer le bon itinéraire…
  25. It is important to ensure the funds are invested into a diversified portfolio that maximizes returns based on the amount of risk that you are comfortable with. This can be accomplished by diversifying by asset class, investment style, geography, market capitalization and by having a long-term investment horizon. We work together to make this happen and to make sure the benefits of Home Equity Diversification are maximized. After determining your risk profile, we will create a diversified portfolio specifically for you. As the chart illustrates, the more variability you are able to tolerate in the overall value of your investments, the greater return you can expect. It’s important that we find just the right balance to meet your needs.
  26. One of the best ways to ensure that you make your savings contribution each month is to set up a PAC. This way the money will be taken out of your account automatically each month. While you can always stops a PAC if you need to in an emergency, have the pre-authorized contributions set up make it more likely that the money will be saved. If you feel like there is no money in your budget that you can commit to savings, you should careful review where you spend your money. Maybe there are little things that you can economize on that will add up…without it feeling like a hardship. Look for ways to reduce the amount of tax you pay. The most common way is to maximize your RSP contributions. That will save you tax today, as well as the benefit of tax sheltered growth of your investments. Finally, by making regular contributions, you get the benefit of dollar cost averaging. [The dollar cost average concept can be used in conjunction with this presentation]
  27. Nous avons les ressources….
  28. La puissance des régimes collectifs Lorsqu’une organisation et ses employés travaillent ensemble, la somme dépasse largement ses parties. Les régimes collectifs (assurance collective, REER collectif, CELI collectif) sont avantageux pour une société et ses employés. Une entreprise qui offre un ensemble d’avantages sociaux souples et polyvalents devient plus attrayante puisqu’elle permet d’attirer et de garder des employés compétents. Et lorsque vous choisissez des régimes collectifs du Groupe Investors, vous pouvez également être assuré d’obtenir une gamme complète de services de planification conçus pour vous aider tout au long du parcours.
  29. As the title of the slide says - it’s not what you earn - it’s what you keep. Your ability to create net worth for your future depends on your ability to create discretionary income. Discretionary income is the difference between your income and your fixed expenses such as your mortgage, utilities, taxes, and daily living expenses. It’s what people DO with their discretionary income that impacts their overall net worth - now and in the future. So, what do people use discretionary income for? Spending (Immediate Gratification) Lifestyle - entertainment, hobbies, 2nd vehicles, vacations Toys - motor homes, boats Saving (Short and/or Long Term Goals) Home Purchase Child’s Education Business Start-Up Retirement Les économies de toute une vie doivent être protégées
  30. With respect to your financial future and your ability to create sustainable net worth, you have several risks of life, a few include: dying too soon becoming disabled living too long without adequate funds. All three can impact you and your dependant’s current and future financial stability, hopes and dreams.
  31. Mais, pour le tiers des gens, le rêve ne se réalise pas. Dans la réalité, le tiers des gens doivent utiliser leurs économies (un des principaux moyens d’accroître leur valeur nette) pour subvenir à leurs besoins en cas d’invalidité, de maladie grave ou pour aider leurs parents âgés. Comme Joe Bowie, président et chef de la direction de Retirement Investment Advisors Inc. l’a indiqué dans l’article « Cracks in the Nest Egg » (publié dans le Wall Street Journal en octobre 2001) : « Les gens ne tiennent pas compte des menaces non liées au marché – des soins de santé, des soins de longue durée – des « événements catastrophiques » qui peuvent avoir un effet tout aussi négatif, sinon plus, sur leurs économies de retraite que la volatilité du marché. »
  32. Entreprise – Risque le plus élevé, rendement éventuel le plus élevé Placements courants hors entreprise – Rendement éventuel moins élevé [autrement, mieux vaudrait liquider l’entreprise et investir tout l’actif dans de tels placements] – Aucune possibilité de protection contre les créanciers; donc, risque = risque d’entreprise Fonds distincts – Risque moins élevé [possibilité de protection contre les créanciers], rendement moins élevé
  33. Convention de rachat d’actions Maladie Grave pour corporation Bon patrimonial Rente assurée
  34. Convention de rachat d’actions, Maladie Grave pour corporation, Bon patrimonial, Rente assurée Potential Financial Risk Events Accessing Funds for Business Opportunity Bankruptcy of Business Owners Employee Attraction & Retention Death or Critical Illness of Key Employee Disability of Business Owner Short, Long, Permanent Death: Disposition of Owner’s Business Interest Liquidation Bequeathed to and continued by Spouse Bequeathed to an continued by Child(ren) Buy-out by Child(ren) or Shareholder or Employee Retirement of Business Owner
  35. Defining your legacy is a significant, selfless act. It doesn’t matter whether you’re leaving a lot or a little. What does matter is that your legacy lives on exactly as you wish it to – and that takes considerable thought, careful consideration and an estate or legacy plan.
  36. L’importance de la planification successorale….Pour vraiment laisser l’empreinte qui vous tient à cœur…. - Seul un testament peut assurer le respect de vos volontés… - Avec un mandat d’inaptitude, vous décidez de qui sera votre personne de confiance…. - Saviez-vous que 30 secondes avant votre décès, tous vos biens sont considérés disposés ?
  37. Pour ce qui vous tient à cœur…votre famille, votre communauté, une cause…
  38. Possible personal goals and concerns: protect retirement income needs; complement tax plan during lifetime; and result in tax efficient transfer of assets to heirs/beneficiaries Not a one-time task - needs to be reviewed/revised as your situation and laws change. Good financial advisor will meet with you regularly so you can discuss when you may need to update your estate plan.
  39. Votre empreinte se matérialise également par les dons
  40. Your Third Age philanthropy may extend beyond volunteering – perhaps to helping the causes you care about by supporting them with charitable gifts. There are many different reasons why people choose to make legacy gifts. For some it’s a way to ensure their memory lives on or to help their favourite charity continue it’s important work; for other’s it’s a way to facilitate the transfer of their estate to surviving relatives while controlling taxes. Your legacy can be left as a planned gift that provides significant benefits to your estate and heirs while making a much appreciated donation to the charitable organization of your choice. Planning your gift now enables you to match your philanthropic goals with your personal financial goals and providing for your heirs. When done properly, a planned gift benefits both the donor and the charitable organization. The following are various methods of planned giving (go through bullet points). Let’s take a look at each method
  41. Your own personal account within the Investors Group Charitable Giving Program and similar types of charitable gift planning strategies offer more control and flexibility than conventional methods of giving and it can be by far one of the most rewarding. So why is this a smarter way to give? The Investors Group Charitable Giving Program is designed to help individuals effectively reach their immediate and long-term charitable giving goals, by integrating strategies directly into an existing financial plan. Think of it as creating your own private foundation, but without the tedious administrative responsibilities or the high upfront costs. As mentioned, the program has many similarities to a private foundation, in that you can name your account and personally recommend grants to desired charitable organizations on an annual basis. The Investors Group Charitable Giving Program allows you to give now and in the future, therefore ensuring that you can extend your support for organizations well beyond your years. It is a simple, tax-favoured investment vehicle that facilitates giving and establishes a framework for your philanthropic goals. The program is an account established within a Canadian registered charity – usually a public foundation. As a donor, you will receive an immediate tax receipt for all contributions made to the foundation and you also retain the right to advise the charity on how the account’s income (usually called grants) is to be allocated each year. Now that I’ve painted a picture for you illustrating what the Investors Group Charitable Giving Program is, lets take a look at the five easy steps involved in setting up your account…
  42. Le Programme philanthropique Groupe Investors vous permet de donner maintenant et dans l’avenir, afin que vous puissiez aider des organismes de bienfaisance longtemps après votre départ. C’est un véhicule de placement simple et fiscalement avantageux qui facilite les dons de bienfaisance et établit un cadre pour vos objectifs philanthropiques. Le Programme philanthropique Groupe Investors est conçu pour aider les gens à atteindre leurs objectifs philanthropiques à court et à long terme en intégrant directement des stratégies à un plan financier existant. C’est comme si vous mettiez sur pied votre propre fondation privée, mais sans le fardeau administratif ni les coûts initiaux élevés. Ce programme a beaucoup en commun avec les fondations privées, dans le sens où vous pouvez donner un nom à votre compte et recommander le versement de subventions annuelles à des organismes de bienfaisance de votre choix. Il s’agit d’un compte établi auprès d’un organisme de bienfaisance enregistré canadien, le plus souvent une fondation publique. En tant que donateur, vous recevrez immédiatement un reçu d’impôt pour les dons que vous ferez à la fondation, tout en conservant le droit d’informer l’organisme de bienfaisance de la façon dont le revenu du compte (ou les subventions) doit être dépensé chaque année.
  43. Ce voyage est continu parce que vos rêves, vos objectifs et vos préoccupations le sont. Nous avons la force, la stabilité , l’expérience et la valeur ajoutée pour maintenir le cap sur toutes les destinations. Je serez votre guide accompagnateur avec les qualités du compagnon de voyage idéal. Pensez à ce que serait pour vous un compagnon de voyage idéal….