Retirement Planning
It is our commitment to enhance the financial well being of our clients.
Through effective, open and honest communication, we deliver solutions with the ultimate objective of developing long term working relationships.
We approach each situation with your personal interest in mind. Beginning with an in-depth analysis of your state of affairs, our experience and associated credentials help us understand your situation and tailor a solution specific to your individual investment and planning needs.
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First Things First
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We start by helping you clarify your priorities and identify any goals or desires that are important to your happiness.
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- Understand the Situation
- We then take the time to find out the details that make your situation unique.
- Build the Plan
- We help you understand your options and implement a plan that best suits your needs and interests.
- Keep it Going
- We regularly monitor and update your investment program to make sure that it continues to provide you with the best possible retirement income.
The day you retire can be very difficult and stressful if you are unprepared. As you make the transition out of your working life, there will be many financial decisions to be made concerning your income and investments. It is at this point that The Coles Group can be most useful to you in helping structure your finances to generate an income appropriate for you in the most efficient way possible. At retirement, there is a small window of time where your financial decisions will have a significant long-term impact on your future financial well-being.
Services
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Retirement Planning
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Investment Planning
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Tax Planning
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Estate Planning
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“While lack of knowledge is undesirable, thinking you know more than you in fact do know, or being overconfident, is dangerous for plan members. The former leads to indecision and the desire for education and advice, the latter can lead to misinformed decision-making.”
-R. Deaves Prof.of Finance, Michael G. Degroote School of Business, McMaster University
Source: SEI, “DC Pension Plan Members: Psychographic Profiles ”, Nov., 2004
Some interesting data regarding RRSP statistics
Number of Canadians who contributed to an RRSP in 2008: 6.2 million
Total contributions: $33.3 billion
Median contribution (half contributed more, half less): $2,700
Highest median: Nunavut ($4,500)
Lowest median: Nova Scotia ($2,160)
Source: Statistics Canada
