Retirement Planning

The Quick Retirement Checkup​

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Let us help analyze your DIY retirement plan! 

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The Quick Retirement Checkup is a working session; we will review your retirement decumulation plan on our retirement planning platform, Planworth, and build & review it together on the call. You have two months after the date of engagement to book your retirement consultation call with your Modern Cents planner.

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It's simple - you input your data into our financial planning platform (no statements or uploads necessary!) and we will create a baseline retirement scenario for you for us to review together.​

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The Retirement Checkup includes 2-3 hours of prep time before the meeting as we review your plan. We use read.ai to record our session, and you’ll receive a copy of the meeting notes and transcript afterwards, as well as a full summary retirement report from our discussion. You will also receive 3-5 key actions to help you optimize your retirement plan.

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​Note: The Quick Retirement Checkup is for less complex situations, it is not meant for anyone with cross border complexities, rental property owners and/or incorporated business owners.  If this applies to you, please refer to our Comprehensive Retirement Planning service below.

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COST: $950 + applicable tax, due upon commencement of engagement

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After our ​Quick Retirement Checkup engagement is complete, you can choose to retain access to your retirement planning portal!  For $10/month, you can keep engaging with your retirement plan, and should you wish to update or discuss your planning, engage with your financial planner at our hourly rate of $250 at your discretion.

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Comprehensive Retirement Planning

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​​For those looking for a more thorough look at their retirement finances, our comprehensive retirement planning may be ideal for you. 

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All of our clients have one thing in common...  they want to know if they will BE OKAY.

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Within 10 years of retirement, you might be asking...

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Do I have enough to retire?

Can I retire earlier than I want to?  Or do I have to work longer or part time?

How much can I spend at retirement given current savings and pensions?

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Within a few years of retirement, you might ALSO be asking...

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Where do I begin to draw my retirement income from?

When should I start taking my pension income (CPP, OAS, Social Security, private pensions)?

Do I need to do anything different with my investment portfolio?

Should I be considering annuities?

When do I need to convert my RRSP to a RIF, or my LIRA to a LIF?

How do I integrate my US sourced investments into my Canadian retirement plan?

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At or after retirement, you may be asking...

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Am I at risk of triggering OAS clawback?

What can I do to ensure that my retirement income is sustainable throughout my lifetime?

Are my assets appropriately allocated for decumulation?

What is the impact of my retirement income plan on my estate plan?

Is my retirement plan tax efficient?  Am I taking advantage of all pension income splitting opportunities?

 

Our comprehensive retirement planning engagement may be ideal for you!  This project is 3 months in length, and includes:

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• ​​A discovery call to understand your retirement objectives, and two meetings thereafter to review the details and recommendations made within your retirement plan
   

• Scenario planning:  We will look at up to 3 scenarios to ensure that your ‘what if’ paths are addressed appropriately.  You have access to these scenarios via our client portal, to play in 'Sandbox mode' with the baseline scenarios that we have created for you.
   

• "Live" planning:  We can make alterations to your planning parameters during our meetings, saving time and allowing you to see real time results of any adjustments made.
   

• Deliverables:  You will receive two reports: a full customized report with detailed recommendations, educational information on retirement planning and customized steps for your specific decumulation plan.  Additionally, a data drive report from our financial planning software, Planworth is provided, outlining all charts, graphs, projections and data.​

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*Starting at: $2,900 for individuals, $3,500 for couples + applicable tax

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*Additional complexity (cross border, rental properties, corporations, etc.) Additional factors in your financial picture may lead to a broad potential range of complexity. We will need to discuss more in our consultation call in order to give you firm pricing.

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*50% of our fees are due at the beginning of the engagement, and 50% at completion.

If the project extends beyond three months, an additional $250/month will be charged automatically until the engagement is completed.