Gerstel Wealth Management Group
Planning for retirement can span many years and occurs within two distinct phases: accumulation and reduction. Or in other words, earning and spending. Your retirement savings may look like a bell curve—with a consistent growth in your active working years on the left side of the curve and then consistent reduction in your retirement years on the right side of the curve.
The parameters for your retirement should be written in your portfolio long before you have to make them, so that, rather than working with abstract market predictions, we help you balance your needs, wants and aspirations as circumstances shift and change.
An Individual Pension Plan (IPP) is a defined benefit pension plan, often set up for one plan member — typically the owner or manager of an incorporated business.
As the owner and manager of an incorporated business, you have choices when it comes to paying yourself for the services and capital you have invested in your company.
If you are a sole proprietor, you may wonder when or if you should incorporate your business.
Estate planning can be especially critical for small business owners, as the majority of their family's assets and income sources may be tied up in the business.
Your business is up and running. However, with increasing profits comes the potential for higher capital gains when the business is eventually sold.