Q.  What is the financial consultant’s role?

A.  To act as a bridge so that the personal retirement goals of the individual do not interfere with the accountant’s or lawyer’s due diligence, but only support current financial structures that are already in place.

Q.  I have another institution that handles these matters, so why would I use your services?

A.     Based upon our experience we have found that certain institutions are excellent for deposits accounts, certain institutions are excellent for selling commodities (financial products), but the certainty of a written retirement plan is not supported by the financial products.

Q. I’m well taken care of!

A. That’s a dangerous position to be in, a belief system that everything is OK, and nothing needs to be reviewed.  Events of the past confirm that a constant review is always prudent!

Q. I don’t need this, I already contribute to my RRSP’s every year!

A. Do you prefer certainty of retirement income or anxiety of market conditions during the year you begin withdrawing the RRSP’s?  Calculations are made and contributions adjusted accordingly to reflect any changes in market conditions.  The RRSP has a ceiling.

Q. I don’t take a salary, but take draws from my corporation.

A. This process is dependent upon actual T4 earnings in excess of $120,000 per year.

Q. Do I not lose control of the assets if they are put in the Pension Plan?

A. No, you still control what investments are in the Pension Plan, but you still won’t have access to the funds until you retire, similar to any other type of Pension Plan.  Remember, we’re creating certainty of income similar to an annuity.

Q. I don’t want to tie up the assets in a Pension Plan, but I’ll save them in a non-registered plan!

A. Excellent idea for creating a savings plan.  However, are the assets protected from creditors?  Are the assets subjected to Income Tax each year? Do you have the opportunity to access the funds if needed for other purposes?