When planning for retirement, careful planning now will allow you to live comfortably in both the present and the future.  Whether you are looking for a plan for you and your family, or a business plan, we can help find the right retirement plan for you.

         How we help our clients:
  • Setting up RRSPs, RRIFs, TFSAs, LIRAs, locked-in RRSPs, annuities and TFSAs
  • Pension roll out options
  • Group RRSPs and group benefits
  • Understanding government benefits including CPP (Canada Pension Plan) and OAS (Old Age Security)

#1 What is an Asset Class?

The answer is B.

An asset class is a category of assets with similar characteristics.

#2 Tax-Free Savings Accounts have the advantage(s) of:

The answer is E – All of the above

#3 What practice(s) do “successful” investors identify as the secret to their success?

The answer is F – All of the above

#4 Most Canadians could be in retirement for longer than they worked.

The answer is True – Most Canadians could be in retirement for longer than they worked.

#5 At what age must an RRSP owner convert an RRSP into a RRIF?

The answer is B – RRSP owners must convert an RRSP into a RRIF by age 71.

#6 The benefits of a spousal RRSP are:

The answer is E – All of the above

#7 If your RRSP contribution room is reduced when contributing to an employers registered plan, you have no other options to shelter your savings from taxes.

The answer is B – False

#8 Canadian men contribute less frequently to their RRSPs than women do, but deposit more.

The answer is A – True

#9 . If your spouse is the successor annuitant on your RRIF policy, your spouse will assume ownership of the policy and the payments will continue when you pass away

The answer is A – True

finish

Results

How Did You Do?

7-9 Correct

Excellent!  You have a solid comprehension of the basic concepts and principles of your retirement plan and investing.  At this stage, you should meet with an advisor and discuss your opportunities for developing your retirement nest egg.

4-6 Correct

Good start.  This proves you understand the importance on being in control of your finances.  Be sure to leverage your resources and continue to capitalize on opportunities for a better retirement plan.

3 or less Correct

 

Don’t feel discouraged.  You may still have some learning to do when it comes to the basics of effective investing and retirement planning.  Not to worry, that’s what the Grow Your Wealth Today seminar was designed for.  Be proud of the fact that you have begun the journey and have taken the first step to educate yourself by attending this seminar.  

How Did You Do?

7-9 Correct

Excellent!  You have a solid comprehension of the basic concepts and principles of your retirement plan and investing.  At this stage, you should meet with an advisor and discuss your opportunities for developing your retirement nest egg.

4-6 Correct

Good start.  This proves you understand the importance on being in control of your finances.  Be sure to leverage your resources and continue to capitalize on opportunities for a better retirement plan.

 3 or less Correct

 

Don’t feel discouraged.  You may still have some learning to do when it comes to the basics of effective investing and retirement planning.  Not to worry, that’s what the Grow Your Wealth Today seminar was designed for.  Be proud of the fact that you have begun the journey and have taken the first step to educate yourself by attending this seminar.  

Contact Thierman Financial Today - 306-922-2577