Will I have enough to live on in retirement?
Our Retirement Income Specialists
will provide you with a full financial plan outlining how long your resources will last, and how much income you can draw.
Should I take my CPP early?
Many advisors suggest taking it as early as age 60. However your individual circumstances may indicate taking it later. A good guide, is your family’s longevity. The longer you live, the stronger the case for deferring CPP income until your later years. Consideration must be given for your other sources of cash flow. A full financial plan provided by our Retirement Income Specialist
will detail when it is best to start your CPP income.
My current investment portfolio has been very volatile; I worry if my investments will sustain me during retirement
This is a common theme. At Continuum II we have a specific process called The Retirement Success Continuum ™.
We specialize in building a financial plan and investment portfolio that generates tax effective retirement income that lasts as long as you do. There are many new products
available designed especially for retirees just like you.
When can I retire?
Our Retirement Success Continuum ™
has been designed specifically to answer this question. By working with one of our specialists we will create a Financial Plan that considers your unique situation and help you decide the optimal time to retire based on your resources and income needs.
How do I protect my retirement income?
The completion of the Retirement Success Continuum™
process allows for effective consideration of specific products
which offer protection from inflation, longevity, and creditors. The ultimate product solutions will fit with your own unique, personal, goals and needs. Our expertise ensures your income is sustainable.
Question: How as my advisor do you get paid?
Answer: at Continuum II we can be compensated on a fee for service basis, or commission basis, depending on your needs and preference.
Question: How does financial planning work?
Answer: Financial planning is a process that determines how you can best meet your life goals through the proper management of your financial affairs.
Key to effective financial planning is the ability to take into account all relevant aspects of your financial situation, and to identify and analyze the interrelationships among sometimes conflicting objectives. It is this unique integration of knowledge and skills across a broad range of topics that distinguishes professional financial planning from other related financial advice.
Question: How did the financial services industry in Canada develop to where it is today?
Answer: Historically, there were distinct divisions in the services offered by the various industry players. You saved your money or got a loan from a bank. You purchased stocks and bonds from a broker. You bought insurance from an insurance agent. And you bought mutual funds from a mutual funds sale rep. But the traditional "4 pillars" of the financial services industry have blurred, and what we are seeing is the one-stop shop - a convergence where most of your financial services and products can be obtained through most financial institutions.
Question: How did the profession of financial planning develop?
Answer: Financial planning as a distinct profession began to take shape in the late 1970s. While giving financial advice was not a new thing, it had become synonymous with the sale of products. As the general public began to show a lack of faith in public pension funds and baby boomers got older and had more disposable income, financial planning-type advice was increasingly sought. Boomers began to ask financial planning type questions of their "product" advisors - questions few "advisors" were capable of answering. The traditional pillars dictated the services provided were done piecemeal. Financial planning (using all financial factors like insurance, retirement planning, estate planning, education planning) was not available, but is available through Continuum II.
Question: Why is it important to deal with a CFP professional?
Answer: Most provinces (exceptions: BC and QC) do not regulate the use of the term “financial planner.” CFP certification is your assurance that your planner has completed a rigorous course of study approved by FPSC, passed the only independently developed national comprehensive examination for financial planning (the pass rate is approximately 40%), and is committed to ongoing professional development and adherence to the professional CFP Code of Ethics and CFP Financial Planning Practice Standards developed and enforced by FPSC.
Question: What do the letters “CFP” mean?
Answer: The letters “CFP” stand for Certified Financial Planner®. The CFP marks identify individuals who are dedicated to the highest level of professionalism in providing financial planning advice. CFP certification is a way for you to know that the planner adheres to internationally recognized professional standards of competence and ethical practice as set in Canada by the not-for-profit Financial Planners Standards Council (FPSC). CFP professional standards include requirements in education, examination, experience and ethics.
Question: What standards guide the professional conduct of a CFP professional?
Answer: The CFP Code of Ethics requires each CFP professional to adhere to ethical and behavioural principles that ensure that your best interests are always placed first.
The CFP Financial Planning Practice Standards describe what should happen during the financial planning process, providing guidance on how the CFP Code of Ethics is practically applied in every financial planning situation each step of the way.
How can I be certain my financial planner is a CFP professional?
Look for the distinctive CFP certification marks: CFP flame logo, and acronym “CFP” or the words “Certified Financial Planner”. Only FPSC can authorize an individual to use these marks in Canada. You can also check the CFP Professionals in Good Standing directory at www.fpsc.ca
, or call FPSC at 416.593.8587 or 1.800.305.9886 to verify a planner’s status.