Tax Efficient Rip – The Key Is the Marriage of Two Precious Skills

To marry tax and financial planning competencies is a critical key to success for professionals working with Boomers.  They are interested not only in how to fund income requirements into their future, but also in continuing to accumulate savings while preserving, growing and transitioning wealth tax efficiently to the next generation.

Knowledge Bureau’s Advanced Tax Efficient Retirement Income Planning course is designed to certify advisors to help with competence and sophisticated tools.

Advisor’s interested in specializing in tax efficient retirement income planning must know and understand tax planning for a variety of income sources and how to minimize capital encroachment in the process.  “Tax erosion is quite possibly the biggest threat to boomer wealth in the near future, and advisors with these skills can clearly add significant value,” says Evelyn Jacks, President of Knowledge Bureau and co-author of the course. “Canadians are looking for advisors that can help them to maximize two resources: time and money.”

This course allows advisors to develop a consistent process for multi-generational planning that looks at tax efficiency of both income and capital left for spouses and heirs, using cutting edge calculator tools to predict how sustainable savings will be and what can be done through income averaging, income splitting and tax deferral.  It covers a holistic retirement income planning process which will result in the student acquiring the skills to do the following:

• A proper assessment of client vision and goals for retirement and engage them in a consistent process for addressing the three trigger questions that cause financial decision-making:  life events, financial events and economic events.
• Establish a strategic “real wealth management plan” based on client needs for tax efficient income as well as after-tax capital preservation, growth and transition;
• Help a family plan savings and withdrawal strategies in three phases of retirement planning – pre-retirement, in-retirement and post-retirement.
• A proper assessment of client vision and goals for retirement and engage them in a consistent process for addressing the three trigger questions that cause financial decision-making:  life events, financial events and economic events.
• Establish a strategic “real wealth management plan” based on client needs for tax efficient income as well as after-tax capital preservation, growth and transition;
• Help a family plan savings and withdrawal strategies in three phases of retirement planning – pre-retirement, in-retirement and post-retirement and many more.

For information about the Advanced Tax Efficient Retirement Income Planning course, click here.

What Our Students Say:

“This is the first course that I've taken that has had an immediate impact on my business. The introduction to the calculators plus the training on how to use them has been very useful in preparing retirement income plans in my practice. The material is interesting and as I mentioned very relevant to today's retirement wave. Thank you for strengthening my business.”  Marc Ouellet, Ottawa, ON

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