At Oegema Nicholson, we can help give you the confidence to live for today, safe in the knowledge that you’ll be able to take care of all of your tomorrows. Oegema Nicholson has a comprehensive suite of financial products that will not only mirror your goals but reflect your investment tolerance, including Segregated Funds; RRSP; RIF; LIF; TFSA; Annuities; and more.
Our Financial Planning Process:
- Assess your current situation
- Set your goals
- Develop a plan
- Implement your plan
- Monitor and update as needed
Similar to Mutual Funds, Segregated Funds give investors the opportunity to grow their investment capital, provide access to professional fund management, and allow for diversity. Because Segregated Funds are insurance contracts they provide more features than Mutual Funds, including a death benefit guarantee and a maturity guarantee. Segregated Funds may be protected from creditors, and therefore are a prudent consideration for small business owners, professionals, and entrepreneurs seeking a cost-effective means of ensuring their personal financial assets are not subject to professional liability.
A RRSP (Registered Retirement Savings Plan) has long been recognized as one of the best ways to save for your retirement. With a RRSP your annual contributions are tax deductible, and any income earned can accrue tax free providing it remains in the plan. Oegema Nicholson can help you create and implement an investment strategy tailored to your retirement objectives.
Should you hold a RRSP upon your retirement, you may take advantage of additional tax sheltering through a Registered Retirement Income Fund (RRIF). Your RRIF can consist of mutual funds, segregated funds, or guaranteed investment certificates. While there are many ways to maximize your tax deferral and minimize your taxable income, Oegema Nicholson can take you through the options and help you create a RRIF that will help prepare you for your retirement years.
A LIF is a type of registered retirement income fund that holds pension funds and payout retirement income. While a LIF cannot be withdrawn all at once, you can use the fund to support your retirement income for your lifetime. Oegema Nicholson can explain the benefits of a LIF and get you on your way to ensure needed income in your retirement years.
Yet another way to save for your short- or long-term financial goals is to open a TFSA (Tax-free Savings Account). While a TFSA is capped, it can contain a series of eligible investments including mutual funds, stocks and bonds, GICs, and more. Designed to help you save money for any kind of major purchase or emergencies, a TFSA can help you build savings that will allow you to continue to live comfortably during your retirement. Oegema Nicholson will be pleased to outline the advantages of a TFSA and help you get started.
You may also save for your retirement through a series of annuity programs in which Oegema Nicholson invests your money at a fixed or variable return rate over a specified period of time. With an annuity your interest rate is paid as promised. While the interest rate you are paid will be periodically adjusted up or down, it will never go below the guaranteed rate.