Who needs retirement planning?

Anyone that plans on retiring one day. From your early years to the later stages in life, it is always a great time to have a retirement plan. Top professional advisors from the best wealth management firms work diligently with their clients to establish a well thought of plan that guides them toward financial security in their retirement years.

The best investment advisors from top financial planning firms will share and provide valuable information in regards to create a plan for retirement including the following: Government programs, pension plans, estate planning, RRSPs, taxation, insurance and much more.

Corporate Retirement Planning

Companies and employers may also want to work with a retirement investment advisor in order to establish and cater the retirement plan to the respective employer’s goals and needs. Here are the incentives a company can benefit from and may accomplish with a detailed and focused retirement plan:

  • Keep fees transparent and rational to support growth in account balances.
  • Emphasising the influence and effect of employer contributions to the retirement plan and how it positively affects future projected income and returns in retirement.
  • Assisting employees learn and understand how much potential income one can accumulate from their financial accounts in their retirement years.
  • Educate the employees about retirement plans, investments and a few more financial notions.
  • Retaining and recruitment of top talent with great skills and aptitude.
  • Maximizing benefits and contributions for company owners, top managers and executives.
  • Incentivizing and encouraging company workers to save for retirement.

Estate Planning

None of us will live forever, that’s a fact of life. Most folks embrace the peace of mind of making sure their family and loved ones will be taken care of in accordance with our requests and wishes after we have left this world. Financial consultants will ease the process of creating a detailed and fair estate plan.

There is a list of important things that ought to be included in an estate plan: Power of attorney, will, insurance planning, tax planning & investment planning strategies, pre-planned funeral preparations and business succession preparation and planning.

The securities or sectors mentioned are not suitable for all types of investors and should not be considered as recommendations. Please consult your investment advisor to verify whether this security or sector is suitable for you and to obtain complete information, including the main risk factors. The particulars contained herein are intended to provide general guidance on matters of interest for the audience who accepts full responsibility for its use, and is not to be considered a definitive analysis of the law and factual situation of any particular individual or entity. As such, it should not be used as a substitute for consultation with a professional accounting, tax, legal or other professional advisor. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. National Bank Financial may act as financial advisor, fiscal agent or underwriter for certain companies mentioned herein and may receive remuneration for its services. National Bank Financial and/or its officers, directors, representatives or associates may have a position in the securities mentioned herein and make purchases and/or sales of these securities from time to time on the open market or otherwise.