Planning and Advice

Investing

Investment Planning Expand/Collapse

Investment planning can help you save for a trip, your dream home, your child's education, and your retirement. Our Wealth Management Professionals will help you to see the big picture and to understand your financial position, and ultimately how we can ensure your future financial needs and goals are met.

Your investment plan should be part of a comprehensive financial plan that will your answer questions like:

•    Should I spend or save money for the future?
•    Should I pay off debt or fund my retirement?
•    Should I focus on long or short term goals?
•    How much do I have to save to meet my goals?

Our Wealth Management Professionals can offer various suggestions to help you reach your goals.

Automated savings plan

When saving for something big, every dollar counts. Whatever your goal, we can help you reach it faster with a pre-authorized contribution (PAC). You automatically invest a set amount every pay period, every month or every quarter.

Managing your savings with a PAC is a smart and easy way to save. Essentially, you’ll take money you might have spent and invest it instead. If money is saved or invested as soon as you get paid, it can’t be spent. It’s the means by which you follow the widely advocated strategy of paying yourself first.  David Chilton, author of The Wealthy Barber Returns, suggests saving 10 to 15 per cent of your gross income.

With a PAC plan, you’re on auto pilot.  While it is automatic, it’s not maintenance-free. If you get a raise, increase the amount of money you’re saving or investing by the same percentage. Life happens, and we understand that you sometimes need to make adjustments, therefore if your financial situation changes you can always adjust your PAC amount – it really is that easy!

Registered savings plan

Your automated savings plan can be used for registered products such as:

•    Registered Retirement Savings Plan (RRSP)
•    Tax-Free Savings Account (TFSA)
•    Registered Education Savings Plan (RESP) or
•    Registered Disability Savings Plan (RDSP).

Some of the benefits of setting up a pre-authorized contribution (PAC) for a registered account are:

•    Earning tax-sheltered returns
•    Compounding your interest with monthly contributions
•    Enjoying peace of mind by investing in your RRSP throughout the year, avoiding the last minute scramble.

Customize a convenient and flexible plan that fits your budget and savings goal.

The PAC does not need to involve large sums of money.  You can have your PAC deposited to a regular savings account then as your funds accumulate, set up an appointment with your financial advisor to discuss the best way to invest the money.  You'll eliminate the tedious annual ritual of finding money to contribute to your RRSP.  It’s always RRSP season when you have a PAC plan.

PAC plans also deliver the benefit of long-term compounding. If you start with $100 and make monthly contributions of the same amount for 25 years, you end up with almost $45,000 assuming a modest 3% rate of return.

Disability plan

It's easy to forget about saving for emergencies when you and your family are in good health.  If something unexpected were to happen to you or a loved one, medical expenses can add up quickly.  Personal injuries can lead to lost income and financial difficulty.

We have Wealth Planners who can assist you with any unexpected events that you face. They can also show you pro-active savings approaches that will help build an emergency fund you can access during difficult times.

The Wealth Protection Specialists at Thrive Wealth Strategies can discuss your protection needs and goals.  Protecting you and your family can be affordable and give you peace of mind that you're financially prepared in the event of emergency.

If you or a family member already suffers from a disability, we welcome the opportunity to discuss a Registered Disability Savings Plan with you.

Thrive Wealth Wealth Strategies Ltd. is a subsidiary of Thrive Wealth Management Ltd., offering financial planning, life insurance and investments to members of credit unions and their communities.

My protection plan

Thrive Wealth Strategies

Both members and non-members of Cornerstone Credit Union are welcome to take advantage of the professional financial guidance available through Thrive Wealth Strategies.

The Wealth Protection Specialists can help to identify what type of protection fits your needs. Developing a plan isn't about high-pressure sales tactics; it's about designing a plan that protects you and your family from the unexpected.

We welcome the opportunity to meet with you to start building a plan today.

To make an appointment with a Wealth Management Professional near you:

•    Book an appointment
•    Email us
•    Call us at 1.855.875.2255
•    Stop by any branch location

Thrive Wealth Wealth Strategies Ltd. is a subsidiary of Thrive Wealth Management Ltd., offering financial planning, life insurance and investments to members of credit unions and their communities.

Retirement Planning Expand/Collapse

Retirement planning should begin early to minimize one of the largest risks - outliving your income.

The biggest pitfalls to sound retirement planning are generally:

•    Starting too late
•    Failing to save sufficient amounts
•    Improper investment choices

Ask yourself what your needs are at retirement and at what age you plan to retire. How you are going to get there?

We're here to help.

Our Wealth Management Professionals welcome the opportunity to meet with you to develop a retirement plan as part of a complete financial strategy.

We'd love to speak with you to get started on a plan today:
•    Book an appointment
•    Email us
•    Call us at 1.855.875.2255 or
•    Stop by any branch location

Succession Planning Expand/Collapse

Our Wealth Planners are here to help you transfer your business or farm smoothly and successfully. Please contact us for a more detailed conversation on how we can help you plan and secure your succession.

•    Book an appointment
•    Email us
•    Call us at 1.855.875.2255 or
•    Stop by any branch location

Estate Planning Expand/Collapse

It's very difficult to imagine leaving your loved ones behind, but it's worse to imagine leaving them unprotected. Our Wealth Planners understand the hesitations involved in putting an estate plan into place. We're here to guide you through this vital process and leave you with a plan you can feel good about.

Estate planning is much more than a will. It provides information and strategies to:

•    Protect and support beneficiaries
•    Make critical, personal decisions
•    Control estate costs
•    Understand and reduce taxes
•    Fairly distribute assets

We will work with you to:

•    Gather data concerning assets, family needs, and desires
•    Identify special needs, concerns, or problem areas
•    Identify and calculate estate transfer costs

If you're interested in learning more about financial planning, please view our informative planning brochure   to discover how you're doing financially and how a planning professional can help.

Our Wealth Planners understand the hesitations involved in putting an estate plan into place. We're here to guide you through this vital process and leave you with a plan you can feel good about. We'd love to help you get started today.

We'd love to help you develop an estate plan as part of a complete financial strategy:

•    Book an appointment
•    Email us
•    Call us at 1.855.875.2255 or
•    Stop by any branch location
 

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