Jelco Financial Planning
Jelco Financial Planning is a broker service, which means that it is not tied to one particular financial institution. Jelco Financial Planning is able to shop the market place for each client to produce the most favourable outcome.
Jelco Financial Planning provides a full range of services:
Estate planning means to set goals, implement plans, review and monitor those plans on a regular basis.
We use the services of experts in various fields such as chartered accountants and lawyers. There is *no charge* for our first interview. Recommendations may include trusts, wills, power of attorney, ownership of asset title change, corporate restructuring or buy/sell agreements to name a few.
Estate preservation includes the use of Life Insurance, Critical Illness Insurance, Long Term Care Insurance, Guaranteed Investment Certificates, Segregated Funds.
We research the rates being offered by various financial institutions for their interest products and annuities, and past performance of their segregated funds and then provide recommendations. We explain the difference between a life insurance company versus a bank, trust, or a credit union. We discuss whether you should invest in a Canadian company, USA or other. We explain the advantages and disadvantages of segregated funds versus mutual funds; what their service ability, history, experience and stability are.
We will discuss all varieties of annuities and explain the difference between each from the standpoint of taxation safety and of income services and the use of them as part of your retirement planning. We will also go to market with your particulars to ensure you get the most for your money.
Retirement Planning Services
You may have a pension plan, a Registered Retirement Savings Plan, a Registered Retirement Income Fund, Tax Free Savings Account, a business, a farm or other asset that you hope will continue to produce an income when you are retired - BUT –
Will it be enough?
What will the government pay in addition to it?
Will the government pay in addition to it?
These are all valid questions when you are planning for retirement. There may be many more.
What do I need to save yearly to reach my goals?
What can I expect from my investments?
What affect will inflation have on goals or my income?
It is nearly impossible for you to calculate all the answers with all the possible variables. With our help, you will feel you have a better understanding of what the end result could be.
The objective is to pay no more tax than you must and to pay it later - rather than now. Strategies include income splitting, tax deferral, tax effective use of annuities, tax effective income flows, etc.
Most people are paying more tax than they must!
We will not write a will for you. Whether you realize it or not under the Devolution of Estates Act everyone has a will. This is provided by the government for those who have not taken the time to draw their own will. The government will not likely follow your personal wishes for distribution of your assets.
Everyone of legal age should have a will.
As with wills, we do not write trust documents, but do help you to plan them. The purpose for a trust can vary, possibly for a charity, grandchildren or for the children of a previous marriage or perhaps a disabled person.
Group Insurance and Corporate Insurance
We will conduct a Market Survey for a Group benefit plan, custom fit for your company which can include Health, Dental, Long Term Disability, Critical Illness and Long Term Care benefits.
As well, we would be happy to review your corporate structure to advise on Keyman Insurance and recommend the benefits of corporate life insurance, such as the funding of a buy/sell agreement.