At Hargrave Financial Group, we guide clients through a comprehensive approach to retirement and estate planning, ensuring financial stability during retirement and a seamless transition of assets to loved ones.

Key Components of Retirement & Estate Planning

Retirement Savings & Investment Planning

• Assessing current savings, pensions, and government benefits (e.g., CPP, OAS)
• Structuring investments for growth and income through RRSPs, TFSAs, and non-registered accounts
• Managing risk through asset allocation and diversification

Income Planning for Retirement

• Determining sustainable withdrawal strategies to prevent outliving savings
• Optimizing tax efficiency to maximize retirement income
• Planning for healthcare costs, inflation, and unexpected expenses

Estate Planning & Wealth Transfer

• Creating a will and power of attorney to ensure legal protection
• Setting up trusts or tax-efficient strategies for wealth transfer
• Reviewing life insurance and tax liabilities to preserve wealth for beneficiaries

Risk Management & Insurance

• Ensuring adequate life, health, and long-term care insurance coverage
• Protecting retirement savings from market downturns and unforeseen risks

Tax & Legacy Planning

• Structuring assets to minimize estate taxes and probate fees
• Charitable giving strategies for those looking to leave a lasting impact
• Reviewing estate plans regularly to adapt to life changes and legislation updates

Tailored Advice Based on Age & Life Stage

• 20s & 30s: Start early with consistent saving and investing, take advantage of employer pension plans, and focus on building financial discipline.
• 40s & 50s: Maximize retirement contributions, reduce debt, and create a clear retirement income plan while ensuring proper insurance coverage.
• 60s & Beyond: Transition from wealth accumulation to income distribution, ensure estate plans are updated, and focus on tax-efficient wealth transfer strategies.