Retirement Planning
Retirement Planning Advisors
in Toronto, Canada
Feel excited about life during retirement.
Retirement Planning Services
- Setting goals
- Choosing the right investment
- Determining your savings plan
- Creating a financial plan and making consistent updates
- Professional advice to help stay disciplined with the plan
Who can benefit from this service?
- Self-employed individuals
- Employed individuals
- Executives
- Business owners
- Professionals
10 Critical Mistakes People Make When Planning For Retirement - FREE GUIDE
Our team at TMFG prepared this FREE GUIDE for you to know the critical mistakes to avoid during your retirement planning.
Financial Planning and Wealth Management
by Canada's Top Awarded Financial Advisors
In partnership with CI Assante Wealth Management Ltd. – one of the largest wealth management firms in Canada.
Goals, Plan, Portfolio
Our GPP framework is designed to lead you to a secure and rewarding retirement. It’s not just about navigating financial markets: It’s about charting a course for your future that reflects your unique aspirations.
Goals:
Your Vision, Our Priority
Imagine your ideal retirement: Is it traveling the world? Starting a new venture? Supporting your
family? At TMFG, we begin with your dreams. We listen to what you envision for your golden years and turn those dreams into tangible financial goals.
Plan:
Crafting Your Custom Strategy
Goals without plans are just wishes. We translate your retirement goals into a comprehensive, actionable plan that addresses every aspect of your financial life. Think of us as your financial architects, designing a plan that supports your lifestyle and ambitions.
Portfolio:
Beyond Traditional Management
Managing your portfolio is crucial, but at TMFG, we go beyond traditional asset management. We integrate your goals and plans into a dynamic portfolio strategy that evolves with you.
Google Reviews
What Our Clients Say About Us
We are thankful to have been clients for so many years, with no intention to move elsewhere. Highly recommended.
I highly recommend!
How to Find the Best Retirement Planning Near Me?
Having enough money to enjoy retirement is a significant concern for most Canadians.
To top it off, managing your investments can feel complicated. You may not be comfortable investing on your own.
What stocks and asset groups should I invest in?
How much of my income should I be putting aside each month?
How much money will I need to put aside each month to ensure I have enough to enjoy retirement?
Trying to create a solid strategy for your retirement on your own can be daunting. A professional financial advisor or planner can help you prepare for a more confident and enjoyable retirement.
How to become a client
1
Discovery process
Meet us face to face or online, to see if we’re a good fit and discuss your goals.
2
Action plan
Review your custom-built financial plan and ask any questions and offer feedback.
3
Commitment
Discuss the implementation of your plan, sign paperwork and begin your journey towards financial success.
Request A Meeting
FAQ
Wealth transfer is the transfer of assets or wealth to the beneficiaries upon the death of the owner.
Here are six strategies you can use to transfer wealth to your heirs:
- Family trusts
- Insurance
- Estate freeze
- Individual pension plan
- Joint asset ownership
- Wills
Yes, sources of retirement income are taxed differently. Government & employer pensions are taxed as regular income. Personal retirement plans like Registered Retirement Income Funds (RRIF) or Life Income Fund (LIF) is taxed as regular income. Other investment income (Ie capital gains and dividends) are taxed differently.
There are many tax saving strategies you can use in retirement. Some examples include splitting eligible pension income with a spouse, sharing CPP with a spouse, Ensuring your portfolio is tax efficient, and Optimizing your income sources at the lowest tax possible.
Most experts say your retirement income should be about 80% of your final pre-retirement annual income. That means if you make $100,000 annually at retirement, you need at least $80,000 per year to have a comfortable lifestyle after leaving the workforce.
It is important to understand the benefits of each of the accounts. A Registered Retirement Savings Plan (RRSP) is a tax deferred account which means you will save tax when you contribute but will be taxed in the future when you withdraw. A Tax-Free Savings Account (TFSA) is a tax-exempt account. Meaning you do not pay tax on the investment income or upon withdrawals. Your individual retirement income sources will determine whether a RRSP or TFSA is more beneficial to you.
