The Entrepreneur
Client Challenge
Our client “John" is a successful entrepreneur running a profitable marketing firm. John is 45 and wants to ensure that he will be able to enjoy his lifestyle during his retirement years beginning in 15 years. He is concerned his current level of retirement savings will not be enough. John also wants to know that his wife and children will be well taken care of financially into the future.
Without Parkhouse Financial
In preparation for retirement, John has maximized contributions into his registered plans (RRSP & TFSA). Due to the limited nature of contribution amounts into these accounts and the tax-inefficiency of withdrawals from the RRSP, he will not have adequate retirement income to continue his current standard of living.
Our Solution
Parkhouse Financial implemented a tax-exempt life insurance policy combining insurance protection with asset diversification. Once John retires, he will have access to tax-free cash which can be used to augment his retirement income and help protect his desired lifestyle. The portion of his plan that is not utilized during his lifetime will be passed onto his heirs…tax-free!
How We Can Help You
Parkhouse Financial implemented a personalized solution for John that can be tailored to suit your unique needs. Our solutions preserve your assets from taxation and provide essential long-term planning for your family.
We specialize in strategic planning for professionals, executives and entrepreneurs in order to help them reduce the tax burden levied on both their corporate and personal assets.
Contact Nathan Parkhouse directly to find out how we can optimize your financial position in order to maximize your wealth.
