Planning for Retirees

Planned Approach vs. Product Approach

Without a retirement plan and specific goal, there is a tendency to chase yesterday’s good news and buy product which may not be appropriate.

Before we advise any client on their options, we gather all of the detail we can and produce a written planning document which outlines.

• Current Position
• Retirement Goals
• Strengths and Weaknesses
• Solutions

This document is reviewed with the client and left with them to preview with their other advisors (Lawyer, Accountant etc.) and family members prior to any implementation of the proposed solutions.

Take Away the Fear and the Greed

It is said that the two major reasons investors lose money are fear and greed. Initially their greed makes them reach for something that is too risky for their needs, then their fear makes them convert a paper loss to a real loss when the asset declines temporarily in value.

We help investors set goals which are realistic and attainable, then educate them to understand the movement of the markets and the inherent risks.

“Will I Have Enough?”

With early retirement, reduced government benefits and investment returns that have dropped from the double-digits that have been available for the past twenty five years, the biggest concern among retirees is “Will I have enough to live on?”

Integrated planning helps them plot their investment needs into the foreseeable future and gives them the reassurance that they have the resources to meet their objectives, or to reevaluate their objectives to make them attainable.

Complete Brokerage Services

Once the plan is complete, it is of no value if not acted on correctly. Whether it’s documentation required for Term Deposits, Segregrated Funds, Mutual Funds, Annuities, or Life Insurance, Innovative Financial Group Inc. can provide it, including referrals for the purchase of Stocks and Bonds.

By Dealing with an investment broker, you are assured that the Plan itself will be assembled without bias toward any type of product solution.

Annual Review

All of our retirement plans are reviewed – in person and in writing – annually or more often if necessary. This ensures that the plan is still current to changing circumstances.