The Executive
Client Challenge
"Steve" is 50 years old with two teenage children. After 12 years of service, he is leaving his current employer for a position at a new company. Steve needed to decide if he should leave his pension with the former employer or transfer it out (commute).
Without Parkhouse Financial
Steve is concerned that his pension assets are not invested with the current state of the market taken into consideration. Lack of advice, investment choice, reporting, fee transparency and overall returns all factored into Steve’s decision to seek an alternative.
Our Solution
By commuting (transferring) Steve’s pension out of the former employer’s pension plan we were able to structure his retirement assets to meet his long-term growth objectives while protecting from short-term market volatility. His former pension assets now have full flexibility to adapt to market conditions on demand. Steve also now has the ability to choose the timing of withdrawing future retirement income and he will be able to unlock half of the pension assets for even greater flexibility. We further improved reporting efficiency and lowered his fees by consolidating under our care Steve’s commuted pension with his personal RRSP and TFSA retirement assets. As an added bonus, by transferring the pension we were also able to enhance Steve's estate benefit for his children.
How We Can Help You
Parkhouse Financial implemented a personalized solution for Steve that can be tailored to all executives and corporate managers. Our solutions preserve your assets from taxation and provide essential long-term planning for your family.
We specialize in strategic planning for executives, professionals and entrepreneurs in order to help them tax-efficiently grow, protect and access their retirement assets.
Contact Nathan Parkhouse directly to find out how we can optimize your financial position in order to maximize your wealth and reduce risk.
