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Retirement & Estate Planning

Made Easy

The 5 Fundamentals of Retirement & Estate Planning

SERVICES

Retirement Income Planning

When you are working full-time, managing your money is easy. Your paycheque came in twice a month from your employer.
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Retirement Spending Planning

You’ve spent your entire working life saving for retirement and lots of people have helped you along the way.
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Estate Planning

A lot people think Estate Planning is only something rich people do. But really, Estate planning is just a fancy way of saying “what happens to your money and your property when you die.”
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Wealth Transfer Planning

When it comes to passing on money to loved ones, a number of factors come into play.
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Final Expense Planning

Imagine for a moment, that it’s one of the worst days of your life. You’ve just lost someone who meant the world to you.
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Group Benefits/Health Spending Accounts

I have a large number of clients that are business owners. As a service to them and as a business owner myself, I started offering Group Benefits to them as well.
(Read More)

Are Your Financial Affairs in Order?

When you're getting ready to retire, or you're planning your estate, there are a number of facets & small details that can make a huge difference. Do you think you've got your affairs in order? Complete this brief quiz and let's find out.

Klyne Financial Mac Graham
797 Guelph St.
Kitchener, Ontario
N2H 5M5
519-721-7254

THE QUIZ (Time to complete 7 minutes)

Retirement & Estate Planning Made Easy 24 Question Quiz

1 / 24

2 / 24

I have no concerns about running out of money in retirement.

3 / 24

I still have a part time job, but it’s only because I want to keep busy; not because I need the extra income.

4 / 24

My retirement income plan includes a strategy to draw down my RRSP’s on top of my pension plan so that I never end up with a huge tax bill.

5 / 24

I plan on selling my house one day to supplement my retirement income. After I do, I know exactly how I will invest the money so I can continue to live off of the proceeds.

6 / 24

My monthly expenses are almost always the same. I never worry about spending a little extra when I go shopping or having a night out with friends.

7 / 24

If the roof needs to be replaced or I need a new vehicle, I know exactly which investment I should use to pay for it.

8 / 24

If I feel short of cash before leaving for a long trip, I know exactly where to get money from.

9 / 24

I have enough monthly income to support my lifestyle, but I also make extra withdrawals from my RRSP’s as part of a tax savings strategy.

10 / 24

If I have to choose between leaving money to the government, or leaving money to my loved ones or my favourite charity, I choose my loved ones and charity. I know exactly how to do that.

11 / 24

I have named beneficiaries on all my investments so that in the event of my passing, they will bypass the estate and probate fees and go directly to my loved ones.

12 / 24

My executor is aware of all my final wishes.

13 / 24

My will is up to date and it aligns with all my named beneficiaries.

14 / 24

I understand that it will probably take 18 to 24 months to “Clear” my Estate. My dependents won’t need any additional money during that period.

15 / 24

I am not worried about how my estate will pay for all the taxes that comes from clearing my estate.

16 / 24

If I were to pass away, I have sufficient insurance and investments so that my spouse will still be able to maintain their current lifestyle.

17 / 24

I am divorced/widowed and remarried. I am worried that should I pass away, my birth children will fight over my estate with my new spouse/step children. I have already made a plan to address this with my advisor and legal team.

18 / 24

I am really concerned about leaving a large inheritance to my son/daughter. My current advisor has shown me ways I can create monthly or yearly installments instead.

19 / 24

I love my Grandchildren and I want them to receive an inheritance from me. My advisor has set up my investments so that in the event of my passing, a portion will go directly to them and be held in trust until they are adults.

20 / 24

My current advisor has shown me ways I can leave money to my favourite charity instead of paying a lot of tax.

21 / 24

I have already been to the funeral home to pre pay for everything in case something were to happen to me.

22 / 24

I know exactly how much funeral services and cemetery plots cost.

23 / 24

I am comfortable with leaving all of the planning for my funeral and burial to my family after I have passed.

24 / 24

I understand that there are ways I can use life insurance to pay for my funeral even if I’m already a Senior.

Your score is

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TESTIMONIALS

"Mac is a very honest, friendly and approachable financial advisor. He
always has invested our money like it was his own."

Mary Lou and Pat Jordan

TESTIMONIALS

"Quite simply, Mac is a great guy all around. He is passionate about finance, & because of that he always knows the latest of what's happening, & when he doesn't have the answer to something, he finds out and gets back as soon as possible. Great service all around."

Scott Chandler

TESTIMONIALS

"Mac is knowledgeable, personable with our best interests at heart. He monitors our portfolio and regularly makes recommendations that align with our investment goals. He has been the best financial adviser we have had over the years.”

The McGrath's

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Latest Posts

Your Retirement Resolution – A 5 Part Series

By Malcolm Graham | 7 January 2022

2022 is officially underway. We’re not even a week into it and resolutions are being broken everywhere you look. Thanks to our Provincial government and the Omicron variant, you can kiss that “get back in shape” resolution out the door, but what about that retirement plan.  Here’s an idea: Let’s make 2022 the year you …

Your Retirement Resolution – A 5 Part Series Read More »

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Tax Free Savings Account (TFSA)

By Malcolm Graham | 22 December 2021

Tax Free Savings Account limit 2022 Canada Revenue Agency announced it’s new Tax Free Savings Account (TFSA) contribution limit for the year 2022. The maximum amount has been set at $6,000, matching the amount set from 2019 to 2021. Unused TFSA contribution room can be carried forward and any amounts withdrawn in the current year …

Tax Free Savings Account (TFSA) Read More »

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Segregated Funds

By Malcolm Graham | 7 December 2021

What are Segregated Funds? I deal almost exclusively in Segregated Fund investments for my clients.  I work with a number or top providers like SunLife and Manulife, but almost always in Segregate Funds.  A lot of people don’t even know what they are.  Well it’s time to put an end to that.  Here goes: Segregated …

Segregated Funds Read More »

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Mortgage Investments

By Malcolm Graham | 18 November 2021

10% a month guaranteed. Sounds too good to be true? In my 10 years in the investment and insurance industry, without fail someone approaches me almost every year to tell me about a new mortgage investment plan that they are either already part of or considering investing in. The idea is always the same. Put …

Mortgage Investments Read More »

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Ethical Investing – Investing is About More Than Just Profit – Impact Matters Too

By Malcolm Graham | 26 October 2021

The way we’ve done things for the past 50 years just isn’t good enough any more.  That was the sentiment described in an article published this weekend in the Waterloo Region Record. The prevailing market ethos of profit at any cost is falling quickly by the wayside.  Canadian Investors are looking for more from there …

Ethical Investing – Investing is About More Than Just Profit – Impact Matters Too Read More »

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Canadian Savings Accounts: The Big Banks are the Big Winners

By Malcolm Graham | 6 October 2021

While looking through life’s rear-view mirror, it seems quite evident to most people that the COVID-19 Pandemic has produced financial winners and losers, which have had an impact on Canadian savings accounts. There have been countless news stories about the struggles faced by small business owners in the restaurant industry as well personal fitness and …

Canadian Savings Accounts: The Big Banks are the Big Winners Read More »

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Have you had “The Talk” yet?

By Malcolm Graham | 14 June 2021
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Save in Taxes: How to Save $500 in Taxes

By Malcolm Graham | 8 June 2021
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It Doesn’t Matter What Your Will Says

By Malcolm Graham | 4 June 2021
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The Wealthy Barber: A Great Resource

By Malcolm Graham | 26 March 2021

This is older quality however the message from Dave Chilton is still the same. This is super applicable to what I do, so I am providing this for general listening.

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