A MESSAGE From Selectpath:

Owning, managing and planning ahead are all responsibilities business owners face. Each could be a full time job, but most business owners face the responsibilities alone. And too often planning for their retirement is left too little, too late.

That's why we're here, to help you plan ahead for your future while you're busy managing today.

We'd like you to take a couple of minutes to review the two articles that follow. They present a great strategy for preparing for your future financial security in retirement.

We'd be delighted to answer any questions you might have about your plans for retirement and how IPPs might be a perfect fit for you.

Are Canadian Entrepreneurs Ready for Retirement?

CIBC recently conducted a study on Canadian Entrepreneurs. Results of the study predict that 500,000 small business owners will retire in the next five years. At the same time, $1.2 trillion in business assets is poised to change hands by 2010 - the largest turnover of economic control in generations. With 7.5 per cent growth annually in the number of firms run by individuals age 55 to 64 since 2000, retirement and succession planning are key issues for Canadian entrepreneurs.

Are you preparing well for retirement?
Are you on The Right Path®?

Click here to read the full report. >>

Individual pension plans can generate healthy tax savings and peace of mind throughout retirement

Are you over 40 and earning a six figure income? Why not consider looking beyond a Registered Retirement Savings Plan (RRSP) to build your nest egg. For the right person, Individual Pension Plans (IPPs) can generate significant tax advantages beyond those provided by an RRSP. Additionally, an IPP can also produce higher pension benefits. An IPP is a defined benefit pension plan– if you are a business owner or senior executive, an IPP offers both maximum tax relief and a maximum retirement pension. The result? You won’t have to rely solely on your RRSP’s performance to provide a long and happy retirement. That’s because IPPs also offer guaranteed lifetime income. Any surplus in the plan belongs to you. This is an advantage IPPs have over other pension plans where any surplus stays in the fund and is used by the company to pay for benefits for other members of the plan.

Do you qualify for an IPP?

ABOUT Us:

Selectpath is an independent firm of professional financial advisors and employee benefits specialists based in London, Ontario. Through our strategic alliances with industry leaders in insurance and investments, we are able to offer our clients a broad range of products and services, which meet the highest standards for performance, stability and value. We are also able to serve a broad base of individual and corporate clients throughout the province.

Click here to learn more about how Selectpath can put you on The RIGHT Path®.

No communication, article, information or advice on this website constitutes or implies in any way a solicitation of business. Please remember that while strategies outlined within this newsletter may be appropriate for some investors, you should always consult a financial advisor to determine if they are appropriate for you.

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