Here are the direct benefits for a senior or retiree to commit to attending a seniors financial workshop:
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Sustainable Income Management: Learn how to effectively manage and optimize income streams from RRIFs, TFSAs, pensions, CPP, and OAS to ensure funds last throughout their potentially long retirement.
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Tax Efficiency in Retirement: Understand strategies to minimize taxes on retirement income, such as optimizing withdrawal order from different account types (e.g., RRSP/RRIF vs. TFSA).
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Healthcare Cost Planning: Gain insights into anticipating and planning for out-of-pocket medical expenses, long-term care costs, and available provincial support or insurance options specific to Ontario.
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Estate & Legacy Optimization: Learn about current best practices for estate administration, reviewing beneficiaries, and updating legal documents (Wills, POAs) to ensure their final wishes are met efficiently and with minimal tax impact.
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Inflation & Market Risk Management: Understand how to protect their purchasing power against inflation and manage investment risks in a way that preserves capital while providing necessary income.
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Avoiding Elder Fraud & Scams: Gain crucial awareness of common financial scams targeting seniors in Port Colborne and beyond, helping them protect their assets.
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Navigating Government Benefits: Ensure they are maximizing all eligible government benefits and understanding any changes or updates to programs relevant to seniors.
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Peace of Mind & Confidence: Feel more secure and in control of their financial future by staying informed and adapting their strategies to evolving circumstances.
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Resource & Support Awareness: Discover local financial resources, community programs, and support services available for seniors.
For seniors and retirees, attending a financial workshop focused specifically on "retirement" is paramount because their financial journey doesn't end when they stop working; it simply shifts focus. These workshops provide vital, ongoing education on effectively managing and optimizing their accumulated wealth to last throughout a potentially long retirement. Key topics include sustainable income distribution strategies from various sources (RRIFs, TFSAs, pensions, government benefits), navigating ever-changing tax laws that impact their fixed income, planning for escalating healthcare costs, and refining estate strategies to ensure their legacy is handled efficiently. Staying informed allows retirees to adapt to new market conditions, maintain financial security, mitigate risks like inflation, and achieve lasting peace of mind, ensuring their retirement truly aligns with their desired quality of life.
Benefits of allowing Mark Albert, CEA, EPC to do a Free Financial Wellness Workshop at your organization:
- Attendees learn important financial concepts that they can apply in their personal finances right away.
- Attendees have the option to receive a free comprehensive financial strategy that is confidential and customized to their unique situation helping them to get on the right financial track.
- Attendees will receive financial education that is made simple in a fun and open environment.
- Free prizes and giveaways
Financial Literacy Workshops and Financial Wellness Workshops should be perceived as a value added service from the vantage point throughout any phase of retirement years.
Financial Wellness Workshops are available in the following cities:
If you would like to book Mark Albert, CEA, EPC as a Speaker, or to do a Financial Workshop or Seminar, please contact Mark at either 416-659-6655 or markalbertpfs@gmail.com.
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