PROTECTING YOUR ASSETS AND RETIREMENT INCOME

To preserve capital over your retirement and maximize your retirement income, consult your investment planning advisor at CDSPI Advisory Services Inc. for help choosing investments that are appropriate for your situation. Your advisor can assist in establishing a portfolio with an appropriate risk level and help you evolve it over the years as your needs change. If you want to be less hands-on with your investments, you can speak to your advisor about private wealth management. Through the private wealth management service, a designated portfolio manager consults on a personalized solution for you and works with the investment research committee on all the portfolio decision-making — providing you with the freedom to focus on other matters. You receive regular updates through transaction confirmations, monthly account statements and quarterly portfolio valuations, and meetings with your advisor can be scheduled.

Your investment planning advisor can also help you manage proceeds from the sale of your dental practice. Left in a bank account, money from the sale of your dental practice could grow at a snail’s pace due to the low interest rates these types of accounts pay. A non-registered investment account can offer many distinct advantages for investing the proceeds from the sale of your practice, including a wide range of investment funds (such as corporate class investment funds which may allow for the deferment of taxable income until the funds are sold, and provide income in a more tax-efficient manner), low fund management fees and no sales charges or administrative account fees to drag down your returns.

For More Information:

Financial Planning Checklist for Dentists Preparing to Retire

CDSPI's Private Wealth Management Service

Investment Account

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