Educational Seminars and Member Information Meetings
Member financial literacy is a key component to the success of any retirement program. We believe that helping members understand how to mitigate risk using the tools available to them is a vital part of financial literacy. We developed a series of educational seminars that empowers members with the basic knowledge needed to succeed. We back this series up with ongoing access and support for each member.
Asset Accumulation Strategies
Plan members are given the tools to help them develop a retirement strategy that can easily be measured and monitored. Topics covered will include: How much will I need to retire comfortably? How can I manage risk in my investments? How does my employer sponsored retirement plan help me in successfully planning for my retirement?
Asset Decumulation Strategies
While everyone including plan members and advisors focus on the accumulation of assets, we also spend time on the decummulation strategies for those preparing for retirement. Understanding what decisions a member will be faced with at retirement will help them in the planning process during the accumulation stage of their life.
Individual Employee Meetings
While group seminars are valuable in communicating and improving financial literacy, we believe that the one-on-one sessions with plan members provides them with an opportunity to discuss private matters or concerns. It also fosters a real appreciation towards the plan sponsor for the opportunity given to them during working hours to review their investments. During these one-on-one sessions, we take time to understand the person's goals and to make sure that their strategy is consistent with their stated goals. If required, we help them establish goals using the strategies covered in the group seminars. One-on-one meetings average 15 to 20 minutes.
Annuities are discussed as one possible tool to draw an income at retirement. They are an important tool especially for those looking for a guaranteed income and those who are not prepared to weather market risks. Annuities can be used alone or to form part of a more detailed decummulation strategy.
Registered Retirement Income Funds (RRIFs)
RRIF’s are commonly used by plan members to draw down their RRSP funds. However retiring individuals considering a RRIF soon realize that there are several risk factors that need to be addressed before moving forward. These factors include: fees, investment risk, longevity risk and budgeting risk. We work with your retiring employees and apply our decummulation strategy/process to help them resolve these issues and alleviate their concerns.
Life Income Funds (LIFs)
LIF’s are commonly used by plan members to draw down their Pension or Locked-in RRSP funds. However retiring individuals considering a LIF soon realize that there are several risk factors that need to be addressed before moving forward. These factors include: fees, investment risk, longevity risk and budgeting risk. We work with your retiring employees and apply our decummulation strategy/process to help them resolve these issues and alleviate their concerns.