Helping You Achieve Your Retirement Vision

Retirement is an exciting new chapter in your life – a chance to do more of what you love on your own terms, travel, learn and enjoy more family gatherings and sports and leisure time. Many choose to explore a new career path, launch a business, or enjoy a mix of work and relaxation.

Retirement is like life: money isn’t the only metric. Our holistic approach considers family, health, lifestyle, your estate and your legacy. We will help you to plan astutely so you can live the retirement you envision. This involves more than simply setting aside enough money to last 30 years or more.

man and woman holding hands while hiking
 

 

We will:

  • Analyze your finances, pension plan, insurance policies, employment retirement package and the income you can expect from Canada Pension Plan (CPP) and Old Age Security (OAS).
  • Help you plan to generate a tax-efficient income stream from your investment portfolio.
  • Design tailored cash-flow management strategies to help you maintain short-term liquidity to enjoy today, and cover any upcoming purchases or expenses, while reserving assets for long-term investment opportunities. We’ll help you maintain a balance, so you don’t feel like you’re suddenly on an allowance and keep in touch as your income, priorities, circumstances, health, and the markets change. The key is to avoid dipping into your portfolio to manage unexpected expenses.
  • Discuss why you are retiring, how ready you feel for this new life stage, and how you envision your retirement unfolding – where you plan to live, what you plan to do, and major expenses you anticipate, such as your grandchildren’s education or a major trip.
  • Examine your family dynamics, health/longevity expectations, lifestyle, and community commitments.
  • Review any budgeting or lifestyle changes that may be needed.
  • If you are a business owner, liaise with BMO Private Wealth Business Advisory specialists to discuss preparing your company for sale or transfer, and the potential role it may play in your retirement lifestyle.
  • Integrate all aspects of your financial picture to simplify your retirement plan.
  • Help you create a legacy for your loved ones and chosen charities.
  • Consider setting up a family trust and/or private foundation.