Investment
Investment | Family | Retirement | Hardship
From saving for your child's education, planning a vacation, funding your retirement, to investing in a small business or managing your finances during retirement, we can help you create an investment portfolio that's tailored to your needs.
Your Investment Checklist:
Investment Plan
With so many investment options to choose from, it’s important to have an overall strategy for when, where and how much to invest.
Godfrey Wealth Management Inc. will help you create an overall plan to get the most value from your investments.
Things to consider
- If you had more money, what would you do with it (freedom, security, novelty, etc.)?
- When do you want to retire?
- Do you have a household budget? If so, what is your current total monthly budget?
Mutual Funds*
A mutual fund is a type of investment fund. An investment fund is a collection of investments, such as stocks, bonds or other funds. Unlike most other types of investment funds, mutual funds are “open-ended,” which means as more people invest, the fund issues new units or shares. A mutual fund typically focuses on specific types of investments. For example, a fund may invest mainly in government bonds, stocks from large companies or stocks from certain countries. Some funds may invest in a mix of stocks and bonds, or other mutual funds.
Through Quadrus Investment Services Ltd., I have access to thousands of mutual funds, including the Quadrus Group of Funds - an exclusive mutual fund family that offers clients a multi-managed, multi-style approach by some of the world's leading investment managers.
* Disclaimer
Make your investment decisions wisely. Important information about mutual funds is found in the funds' simplified prospectus. You can obtain a copy of this from your investment representative. Please read this carefully before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Unit values and investment returns will fluctuate.
Things to consider
- How much and how often do you want to invest?
- What is your risk profile? Are you a high, medium or low risk person?
- Have you done any research on the type of mutual fund that interests you?
Segregated Fund Policies
Segregated fund policies offer a long-term investment with death benefit and maturity guarantees. These guarantees are options within an insurance policy, additional benefits include assets bypassing the estate and potential probate fees, resulting in your assets passing directly to your named beneficiaries.
Things to consider
- Who is/are your beneficiaries?
- What amount do you want to invest for them?
- What assets do you have that you intend to leave your beneficiaries?
RRSPs (Registered Retirement Savings Plans)
A registered retirement savings plan (RRSP) is an arrangement between an individual and an issuer (an insurance company, a trust company or a bank) under which retirement income commences at maturity. Contributions are made by individuals and are deductible under the Income Tax Act thus lowering your taxable income and the income tax payable on that amount. Earnings in the plan remain tax-free and payments out of an RRSP are taxable on receipt. Contributing to an RRSP is still one of the most popular and tax-effective ways of saving for your retirement.
Things to consider
- When do you want to retire?
- What provisions have you made to have your retirement nest egg outpace inflation?
- How much and how often are you looking to invest in your RRSP?
TFSA (Tax-Free Savings Account)
The TFSA is a flexible and registered investment account which allows you to earn investment income (interest, dividends, capital gains, etc) tax-free.
Unused TFSA contribution room is carried forward and accumulates year over year.
Things to consider
- What are your saving goals?
- How much money do you have to invest in your monthly budget?
- How much have you already contributed to a TFSA?
Other Options
Registered Retirement Income Funds (RRIFs) and Life Income Funds (LIF)
You have saved for your retirement and now you need an income. Godfrey Wealth Management Inc. provides the options you need for your retirement lifestyle.
Specialized Investment Solutions
All investors have unique needs, but some who have already accumulated wealth and are searching for ways to preserve it, for instance, might require specialized solutions to suit their situation.
Guaranteed Interest Options and Payout Annuities
To help you reach your financial security goals, I offer a wide range of products and services, including secure options such as guaranteed interest options and payout annuities. Guaranteed interest options protect your principal. Payout annuities guarantee your income.
Registered Education Savings Plans (RESPs)
Consider saving for your child or grandchild's education with an RESP. When you contribute to this type of registered plan, the federal government provides a grant to help you reach your goals faster.
Tools & Resources
Additional planning tools to help meet your investment needs:
- Corporate class mutual funds
- Labour-sponsored investment funds
- Dealer Wrap investment program
- Charitable giving program
- Tax-efficient monthly cash flow with D series mutual funds
- Registered Disability Savings Plans (RDSP)