Bankruptcy in Retirement

Canadians are living longer, and while health may be one of the issues matured Canadians focus on in their golden years, carrying debt into retirement and the possibility of filing for bankruptcy is becoming more of a concern.

There is an alarming increase in the number of bankruptcy claims amongst retirees in Canada and the consequences can be devastating.

While insolvency can happen for a variety of reasons, with proper planning, it can often be avoided. As a trusted advisor you need the expertise to steward your clients’ wealth and manage the potential for financial problems, especially in the latter years.

Join Andy Fisher, Partner and Head of the Small Business Restructuring Practice at Farber Financial Group, on Monday, May 31st at DAW Toronto as he discusses the essential tools that all Wealth Advisors need in order to better prepare their clients for retirement and to ward off the potential threat of insolvency.

This highly informative session will include three important case studies with practical tips on spotting the warning signs of financial dangers, the importance of starting a succession plan early and will provide key advice on liability issues for business owners and directors with respect to insolvency and the CRA.

Andy’s discussion on Stewarding Wealth: Managing Away from Insolvency in Retirement is one of the many topics that will be discussed at the spring Distinguished Advisor Workshop (DAW), taking place May 24 – 31.

The DAW agenda is packed with educational and informative sessions, including a comprehensive federal budget update, pre-retirement income planning when it comes to portfolio risk management, tax-efficient retirement income planning, tax secrets in succession planning, multi-generational tax planning and more. To view the entire agenda, click here.

To register, click here.

DAW will take place in Winnipeg on May 24, Calgary on May 25, Vancouver on May 26, and in Toronto on May 31.

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