Our Financial Planning Services

How our Financial Advisors Help You

How We Help

Retirement is one of the biggest “purchases” you will ever make. That’s why it is essential for you to have a well-thought-out retirement plan that allows you to take advantage of every investment, tax, and pension opportunity.

At the foundation of our retirement strategy, we build a financial plan for each of our clients. The financial plan helps ensure that you are:

Making the most of every investment opportunity to preserve capital, mitigating sequence of return risk, and growing your investments on a risk-adjusted basis.
Taking advantage of every tax planning opportunity (ie. strategically maximizing TFSA and winding down RRIF)
Optimizing pension efficiencies (when to take CPP, OAS, Defined Benefit Pensions, etc.)

Our goal is to educate each of our clients so that they are confident they are making the best decision for their future. We encourage all our prospective clients to research various financial advisors and choose the one that is best suited for them!

Investments

You have diligently and wisely acquired wealth over the years. Now it’s important that you take the necessary steps to preserve and grow your hard-earned money. That’s why we believe in an institutional pension-style investing strategy that focuses on the preservation of capital while growing your investments on a risk-adjusted basis.

Two common mistakes people often make approaching retirement are:

A lack of diversification (having all your eggs in one basket – ie. real estate, oil and gas, technology, etc.)
Not understanding how to properly manage sequence of return risk (withdrawing money from their investments)

We have developed a retirement planning process to help you understand and avoid these mistakes. These strategies can include:

Ensuring you are invested with world-class investment managers. These managers make sure that your investments are not exposed to concentrated risk (overweighting stock in a sector such as oil and gas or having too much invested in a region, such as Canada)
Implementing our asset withdrawal strategy which helps preserve your money when markets are down and capture growth when markets are up.

Retirement Planning

At Camaco Financial, we specialize in helping individuals that are approaching, transitioning, or already in retirement. Usually, the most expensive item you will “purchase” is retirement. Having a plan will help ensure that you can achieve your retirement goals and not worry about running out of money. Our financial advisors can help you by providing advice on important considerations such as:

The most efficient timing to take CPP/OAS
Determining if you have saved enough money to retire
When to convert an RRSP/LIRA to RRIF/LIF
Coordinating tax-efficient asset withdrawal
Protecting your wealth in a bear market
Taking advantage of a bull market

Investing and saving to build wealth can be simple. Investing and planning for retirement is much more complex. It is important that you have a well-thought-out retirement plan, so you feel empowered to make the best decisions for your future.

Customized Financial Plan

We believe that having a financial plan is the essential foundation for achieving your financial goals. We come alongside you to understand your financial circumstances and provide customized solutions that answer important questions such as:

How much do I need to save for my retirement needs?
How much can I be spending in retirement?
Is my financial plan stress tested? What happens if the markets do not perform as well? Will I still make it?
Am I taking more risk than I need to with my retirement savings?
Am I optimizing different tax strategies for saving or withdrawing assets?

Rather than being uncertain about your future, our financial advisors strive to provide each of our clients the confidence and peace of mind that they can effectively accomplish their financial goals.

Estate Planning

One of the biggest pre-retirement/retirement mistakes a person can make is not preparing for their estate taxes. Most people don’t realize that an effective strategy to reduce your estate taxes is to begin planning before retirement. Simple steps you should consider are:

Planning for strategic withdrawals from your registered and non-registered accounts to minimize the taxes to your estate
Designating beneficiaries and successor annuitants as required
Strategically using insurance products for tax-sheltered growth and leaving a legacy for your loved ones.

Implementing these types of strategies can help reduce taxes and maximize the transition of your wealth to the next generation.

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