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One mistake that causes 90% of people to fail at Retirement planning
One mistake that causes 90% of people to fail at Retirement planning
Since 1961 Canada opened up an additional option for Canadians. at that time they were Called "Guaranteed Investment Funds" (GIF), DO NOT confuse these with "Guaranteed Investment Certificate" (GIC). These are wildly different, GICs are offered through a bank, GIFs are through a financial professional. The average annual return on your savings in a GIC is 2%, the last 40 years GIFs have annually averaged returned 9.64%.
Since 1961 Canada opened up an additional option for Canadians. at that time they were Called "Guaranteed Investment Funds" (GIF), DO NOT confuse these with "Guaranteed Investment Certificate" (GIC). These are wildly different, GICs are offered through a bank, GIFs are through a financial professional. The average annual return on your savings in a GIC is 2%, the last 40 years GIFs have annually averaged returned 9.64%.
Imagine if you will... you deposited $100,000 20 years ago into a GIC, you would have $ 148,594.74.
The same $100,000.00 into the average Guaranteed Investment Fund, you would have $ 935,764.35.
4 advantages of guaranteed investment funds
4 advantages of guaranteed investment funds
1. Deposits guaranteed – Depending on the type of contract, 75% to 100% of your principal investment is guaranteed). When the fund value rises, segregated funds also let you “reset / locked-in” the profit to this higher value, this eliminates risks in market downturn, this is now your NEW minimum value.
1. Deposits guaranteed – Depending on the type of contract, 75% to 100% of your principal investment is guaranteed). When the fund value rises, segregated funds also let you “reset / locked-in” the profit to this higher value, this eliminates risks in market downturn, this is now your NEW minimum value.
2. Guaranteed death benefit – Depending on the contract, your beneficiaries will receive 75% to 100% of your contributions tax free when you die. or the Market Value, whichever is higher. This amount is not subject to probate fees, it also bypasses estate fees, if your beneficiaries are named in the contract.
2. Guaranteed death benefit – Depending on the contract, your beneficiaries will receive 75% to 100% of your contributions tax free when you die. or the Market Value, whichever is higher. This amount is not subject to probate fees, it also bypasses estate fees, if your beneficiaries are named in the contract.
4. You have direct access to your money at any time. However if it is a taxable investment, taxes will have to be deducted.
4. You have direct access to your money at any time. However if it is a taxable investment, taxes will have to be deducted.
Advisor & Co has been Assisting People - To retire with dignity since 1982,
Advisor & Co has been Assisting People - To retire with dignity since 1982,
the majority of companies we recommend have been in Canada since 1920.
the majority of companies we recommend have been in Canada since 1920.
Advisor & Co's Tactical Moderate Blend has eliminated risk for every client, giving them the potential for growth, reduced taxation.
Advisor & Co's Tactical Moderate Blend has eliminated risk for every client, giving them the potential for growth, reduced taxation.
see example below: Our past 5 years vs CIBC Managed Income Plus Portfolio. Truth matters, we show all comparisons with "live" data.
see example below: Our past 5 years vs CIBC Managed Income Plus Portfolio. Truth matters, we show all comparisons with "live" data.
Just using this example if you followed our guidance during the past 5 years, this is what would have happened.
Just using this example if you followed our guidance during the past 5 years, this is what would have happened.
your $100,000 with the CIBC on Nov 23rd, 2012 would now be worth $115,210.00 Nov 17th, 2017.
your $100,000 with the CIBC on Nov 23rd, 2012 would now be worth $115,210.00 Nov 17th, 2017.
while your $100,000 with Advisor & Co. Nov 23rd, 2012 would now be worth $215,950.00 Nov 17th, 2017
while your $100,000 with Advisor & Co. Nov 23rd, 2012 would now be worth $215,950.00 Nov 17th, 2017
The choice is yours....
The choice is yours....
and risk has been taken away from the investment.
Options matter: You get better returns.
Options matter: You get better returns.
Related Article: Why more People chose G.I.F.
Related Article: Why more People chose G.I.F.
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