CANADIAN RETIREMENT INCOME GUIDE
Download the comprehensive retirement income guidebook for Canadians.
RETIREMENT PLANNING
Why Choose Hexavision for Your Financial Planning Needs?
Unbiased, Tailored Advice : Unlike traditional financial institutions, which often focus on selling products to the wealthy few, Hexavision offers a unique approach. We don't push products or services. Instead, we provide unbiased, tailored advice based on your individual circumstances. Whether you're starting with a modest amount or have already accumulated significant assets, our mentorship program is designed to help you make empowered decisions that align with your goals.We focus on finding the additional cash flow from your two current large bills Taxes and Mortgage Debt Payments that may be leaking unknowingly and unnecessarily to help you retire early way faster than conventional methods.
“Retirement is wonderful if you have two essentials— much to live on and much to live for.”
In this updated 2024 Retirement Decumulation Planning Guide, you will find all your answers in one easy-to-understand 20-page softbound book.
Retirement Income Sources
Here are possible important sources of income options to consider for retirement in Canada:
Canada Pension Plan (CPP)
Old Age Security (OAS)
Registered Retirement Savings Plan (RRSP)
Non-Registered Investment Accounts
Tax-Free Savings Account (TFSA)
Employer's Defined Pension Plan
Annuities from your investments
Retirement Compensation Arrangement (RCA)
Leveraging Home Equity for Tax-Free Income
How to Maximize Retirement Income
The sequence of withdrawals can significantly impact your retirement income. By aligning your withdrawal strategy with advanced taxation methods, you can minimize taxes and maximize benefits like the Canada Pension Plan (CPP) and Old Age Security (OAS), while avoiding clawbacks. Utilizing a tax-efficient withdrawal order ensures you pay only the necessary taxes, preserving your wealth and extending your retirement income for life.
How to estimate your retirement expenses in advance
To estimate retirement expenses, consider factors like daily living costs, healthcare, leisure activities, and inflation. Calculate potential housing, medical bills, and lifestyle choices. Hexavision provides personalized financial roadmaps to help you estimate and plan for these expenses, ensuring a financially secure retirement.
How to ensure you do not run out of money in retirement and old age
To avoid running out of money in retirement, it’s crucial to plan for lifetime income. This includes strategies like tax-efficient withdrawals, investments that generate passive income, and safeguarding your savings against inflation. Hexavision helps you create a retirement plan that ensures a steady income, no matter how long you live.
How to leave a meaningful legacy for your loved ones that they will be proud of you.
A meaningful legacy is more than just financial assets—it reflects your values and life lessons. By creating a thoughtful estate plan and supporting causes close to your heart, you can ensure your loved ones feel proud and connected to your life’s mission. Hexavision helps you build a legacy that protects your wealth and honors your wishes for generations to come.
As we all know that we will not be able to work forever or remain fit to earn money, it is vital that we plan ahead for our future. Giving thought about your life post-retirement is very important. This is where our retirement planning services come in handy. With the team of our expert and experienced retirement advisors, you can get the best plan for your retirement.
Retirement! There is so much information written and said about it. Only you know about your priorities for your golden years. Ask yourself how would you like to spend time during your retirement? How often do you take your grandchildren for walks? Do you want to volunteer in African countries? List all the important tasks you want to do in your golden years. Now you can start financial planning based on the list of tasks prepared for your lifestyle.
Why is Retirement Planning Important?
1. Increased Life Expectancy
Retirement! There is so much information written and said about it. Only you know about your priorities for your golden years. Ask yourself how would you like to spend time during your retirement? How often do you take your grandchildren for walks? Do you want to volunteer in African countries? List all the important tasks you want to do in your golden years. Now you can start financial planning based on the list of tasks prepared for your lifestyle.
2. Increase in Inflation
Economic factors play a very important role because the constantly increasing cost of living and prices makes it difficult to save more for retirement. Starting early is the key. If you start saving $100 bi-weekly at the age of 25 with an average return of 7% you will have $1,073,000 at the age of 65. This is the power of time and compound interest.
If you are above 25, you must start saving for your retirement NOW.
Pick up your phone and dial (519) 731-1567 if you want to know “HOW MUCH YOU NEED FOR RETIREMENT?”
It is wise that you start planning for your retirement period. With our retirement plan advisor at your side, you can be sure of one thing - a rock-solid retirement plan.
Make your future secure with our retirement planning services
We help you build a successful retirement plan by getting the answers to a few simple questions including -
What is the purpose behind your retirement plan?
What is the real motivation driving you to the retirement plan?
Retain your financial independence with a strong retirement plan build-up by the expert team of retirement plan advisors.
Wait no longer…
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🟢 Monday to Saturday : 9:30 AM - 6:30 PM
🔴 Sunday : Closed
Our Service Area
Ontario | Quebec
Alberta | Nova Scotia
British Columbia | Saskatchewan
New Brunswick
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Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces.
License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC). Insurance and segregated funds provided by Carte Risk Management Inc.
@ 2024 Hexavision Enterprise| Terms And Condition| Privacy Policy | Advisor Disclosure
© 2024 Hexavision Enterprise. All rights reserved
Our Service Area
Ontario | Quebec
Alberta | Nova Scotia
British Columbia | Saskatchewan
New Brunswick
Working Hours
🟢 Monday to Friday : 9:30 - 6:30 EST
🔴 Saturday and Sunday : Closed
Join Our Blogs/Newsletter
Kanwaljit (Sunny) Kochar DBA Hexavision Enterprise is licensed to sell Segregated Funds investments, Life and A&S Insurance products in Ontario, Alberta, QC, NB, SK, NS and British Columbia. Not available in other provinces. License #s: FSCO LIC#17161321 (ON), AIC LIC # M-3493167-1763384-2020 (AL), BC LIC#LIC-2020-0022136-R01 (BC), AMF LIC# 2023-CI-1016414(QC), LIC # 087345 (SK), FCSC LIC# 220039066 (NB) Insurance and segregated funds provided by Carte Risk Management Inc.
@ 2024 Hexavision Enterprise| Terms And Condition| Privacy Policy | Advisor Disclosure
© 2024 Hexavision Enterprise. All rights reserved