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Financial Planners Creating Your Financial Independence
Financial Planning for Seniors
Personalized financial planning services for seniors with a financial advisor from Walton Financial Group Inc!
What We Do
The team at the Walton Financial Group in Barrie, Ontario provides financial planning advice for seniors
7
Financial Professionals
120
years of combined experience in financial services
As a full financial security planning organization, we want our name to be synonymous with financial independence. Financial planning gives you an in-depth look at how your business fits into your life's overall perspective as well as an emotional one, managing your financial affairs to meet your life goals. As our financial advisors learn more about you individually, we apply that information to create a customized financial plan specifically for you.
120
Years of Combined Experienced
34680
8
Trusted Team Members
How We Can Help
When you are in your 70's, there are many issues that you need to be mindful of in terms of financial planning.
RRSPs
An account holder can only have a Registered Retirement Savings Plan (RRSP) until December 31 of the year they turn 71. By that time, they must either convert their RRSP to a registered retirement income fund (RRIF) or purchase an annuity that provides a regular payment for life from an insurance company. Minimum RRIF withdrawals at age 72 are 5.28% of the account value on December 31 of the previous year. The government-mandated minimums rise modestly each year thereafter.
TFSA
Anyone with cash or non-registered investments should consider contributing to a TFSA. Some retirees have windfalls like inheritances, proceeds from a home downsize or a sale of real estate that provides funds to contribute to or open a TFSA.
These are only a few things that relate to investment planning for seniors. If you are in, or approaching your 70's , it is imperative to make an appointment with a financial advisor at Walton Financial Group in Barrie, Ontario. Please give us a call to learn more about financial planning for seniors or how a financial advisor can help you.
These are only a few things that relate to investment planning for seniors. If you are in, or approaching your 70's , it is imperative to make an appointment with a financial advisor at Walton Financial Group in Barrie, Ontario. Please give us a call to learn more about financial planning for seniors or how a financial advisor can help you.
Disclaimer: Mutual funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc. The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered.
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Contact
Toll Free: 1.877.733.5207
Office: 705.733.5200
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Address
126 Wellington Street West #202 Barrie, ON L4N 1K9
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