Nearing retirement

Primary Goals: Reduce taxes, improve investments, prepare for children’s education, and create a reliable income stream in retirement.

Christina and Steven are later-in-life parents and want to ensure they are adequately investing in their children’s education while also preparing for their own eventual retirement. 

Christina is an Analytics Manager at a leading bio-tech company, and Steven is a Manager at a local firm. They are both very busy between their two children and their careers, which adds meaning to their lives and positively impacts those around them.

Christina reports into the U.S. division in her firm, which necessitated navigating a more complex benefit package that included Restricted Stock Units (RSUs) and additional tax implications not previously considered, a common compensation scenario in the tech sector.

Christina and Steven want to ensure they have the most effective tax strategy, are maximizing their investments, saving for their children’s education, and can retire on their terms when they're ready.

How we helped – A comprehensive Living Plan focused on addressing their needs

✓ Saved them time in their busy lives to make informed decisions on their financial lives.
✓ Improved asset allocation to better align with their goals, including the use of spousal RRSPs to account for differing salaries and benefits.
✓ Created a reliable and coordinated income stream from investments.
✓ Implemented a tax-efficient investment strategy that incorporated Christina’s complex benefit structure and U.S. based stock options to minimize taxes and improve returns for reinvestment that accelerates growth.

Ultimately, we helped Christina and Steven create a comprehensive Living Plan that allowed them to gain clarity into their situation and options, and get organized with less stress and greater peace of mind.