Business professionals, business owners, and corporate executives understand the importance of future planning, goal setting and implementation. In most cases however, the daily rigors of their job require their most of not all of their attention and there is often little time left for managing their own personal financial affairs.
At some point, every business faces its own set of unique financial obstacles and challenges, so does every business owner. With the help of our wealth planning team at Oaktree & Associates, we ensure that you will be receiving the best and most up to date financial advice for your specific scenario.
Retirement Income Solutions
The good news is that there are several options available to help you fund your retirement beyond government benefits. As well, during your working years, the Registered Retirement Savings Plan and Tax-Free Savings Accounts provide a tax-advantaged incentive for you to save money for retirement.
Other options for business owners funding their own retirement include the Individual Pension Plan (IPP) and Retirement Compensation Arrangements(RCA).
Business owners may plan to fund their retirement by selling or transitioning their business. However, this can be a risky strategy because there are several unknowns which can lead to delay, uncertainty, or complete failure to convert assets to fund your retirement.
How you will fund your retirement involves a lot of big decisions.