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Retirement Planning Strategy

Consultation and Strategy Session

  • 1 hour
  • 89.99 Canadian dollars
  • Location 1

Service Description

GUARANTEED MINIMUM WITHDRAWAL BENEFIT (GMWB) PLANS  Whether you’re just beginning to think about retirement or you’re in the retirement phase of your life, there’s a lot to consider: What if you experience poor market returns early in retirement? Will you outlive your retirement income? Will your retirement income keep pace with inflation? These are very real concerns for all investors. So how can we help? By investing in a segregated fund sold by a Canadian insurer you can now add an additional level of safety to your investment. Opting for a GWMB option at any point in your investment life cycle can provide huge benefits when you decide to retire.  ​ As noted, Seg Funds have inherent guarantees and benefits already associated with them. However, when you open a GMWB account you also receive: Guaranteed Bonuses – A simple interest bonus (usually 5%) is applied to your account every year that you do not make a withdrawal to go toward a guaranteed pension for you.  Automatic Resets –Every 3 years if the market value is up (not down) your bonuses and pension is recalculated based on current values. This helps drive up the value of your pension.   Guaranteed Pension Established immediately is your worst case scenario pension. Upon application you know the absolute worst outcome when you go to retire. (*No, it is not Zero) Upon retirement an average yearly pension amount is calculated based on the higher of your market value and guaranteed pension. Once you start to draw on your pension the yearly payments are guaranteed never to decrease even when your market value reaches zero. 

Contact Details

  • 217 Belvedere Ave, Charlottetown, PE C1A 2Z4, Canada


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