Are You Over 50 and Unsure About Retirement?
You deserve the retirement of your dreams and our proven process has given countless Canadian investors the confidence to finally say YES to the retirement they’ve unkowingly postponed.
What We Can Accomplish Together
- Retire Sooner So You Can Begin To Live Fully
- Get More Without Needing To Save More
- Avoid Running Out Of Money In Retirement
Lifetime Income
Planned Investment Withdrawals
Minimized Taxes
Maximized CPP and OAS
Support The Next Generation
What Lack Of Planning Will Cost You
Even as a successful saver and investor…
you can’t afford to retire based on guesswork and rules of thumbs.
Here’s what lack of planning can mean to you.
- Losing The Best Years Of Your Life Because You Worked Longer than NECESSARY.
- Paying More Than Your Fair Share Of Taxes To The CRA.
- Leaving A Smaller Legacy For Your Family While Gifting a Bigger Headache.
- Spending Less Than What You Can CONSERVATIVELY SUSTAIN During Your Lifetime.
- Rolling The Dice On Your Investment Choices.
- Losing Tens of Thousands Of Government Pensions.
- Running Out Of Money When You Can No Longer Work
Do You Find Yourself Asking These Quesions?
What Income Can I Spend In Retirement?
Will I Run Out Of Money?
When is the best time to take CPP ?
Which Account Do I Withdraw From First?
When is the best time to take OAS ?
Do I Have to Worry About OAS Clawbacks?
Do I Qualify For GIS?
When Should I Take My Defined Benefit Pension?
When Should I Withdraw From My RRSP/RRIF?
Isn’t it time to get some clarity?
We can help
Calgary-Based Fee-Only-Financial Planning
I help hardworking, everyday Canadians design and live their dream retirement.
Hervin Pesa, BA,CFP,RRC
I’m Hervin, and I can help you get more out of your retirement without saving more.
I help Canadians who have reached the peak of their careers and are unsure if they are ready for the next chapter in their life.
Unfortunately, traditional retirement advice is more tradition than wisdom.
We are here to change that.
Our Goal is to break the mold in retirement advice and give you more control.
Countless clients have decided to work with us because they’ve seen the difference in what We Do.
Our Process VS. The Banks
Our Flat Fee Retirement Planning
- You Get REAL Advice and Not a Sales Pitch.
- No Minimum Asset Requirement.
- You Don't Need To Transfer Your Assets To Us.
- We Are Retirement Income Focused.
- We Create an Integrated Financial Game Plan.
Traditional Advisors
- "FREE" Plans so they can sell you their Funds.
- You Won't Meet and Experienced Advisor if you have less than $1,000,000.
- You're forced to buy their investment products.
- Generic tips for their investors.
- They're focused on quarterly returns alone.
You Need a Fee Only Retirement Plan If You're Looking For:
Unbiased,
Independent Advice
Real
Custom Solutions
Fixed and Transparent Fee
Our Commitment to you
1
You First: We'll act in integrity and in your best interest.
2
Won't be Yes People, We will tell it to you straight, good or bad.
3
Your priorities are ours too. We will celebrate your success together.
4
Your plan is tailored to you, it won't fit anyone else.
5
No guesswork, we'll always base our answers on your plan.
6
Products ≠Advice: We'll never push products.
7
Our Network, is your network. We will always provide access to our trusted pros.
8
We'll help you mute the noise.
9
No Hidden Fees.
10
Walk with you: If you choose to, our full service model will help you stick to your plan, even if it's not easy.
Hervin Pesa
The RealEyes Retirement Method
Step 1
Retirement Clarity Consultation
We’ll Spend at least an hour together via Zoom or in our office.
This is designed to give you and your partner space to dream and to reflect on what you value.
Step 2
We Craft Your
Personalized Plan
We Design, Develop and Deliver a fully customized retirement income plan that maximizes your income and reduces your taxes without relying on risky investments.
Step 3
Embrace Your
Retirement
Take action on our easy to follow plan and finally give yourself permission to retire.
You Deserve It!
The Process Works
You Don’t Have To Take Our Word For It.
Don't Take Our Word For It
What Clients Are Saying About Our Services
Hervin gives a very personalized service that doesn't make you feel like you are a number to him. He goes out of his way to understand you first so that he can better advise you. He structures his plan specifically to match your life style, growth, and comfort.
Immediately, Hervin contacted me and gave me all available options. My insurance was all processed online and that includes live videos, phone calls and emails. As insurance advisor, Hervin handled my account in a very professional manner. Now I feel secured that I am covered and my family is protected.
I highly recommend!
Ive recommended him to friends and I don’t regret it.
Thanks again!
Give Yourself Permission To Retire
Use Our Retirement Greenlight Assessment
This free guide will get you thinking about retirement the right way…
So that you can avoid costly mistakes. You only get one true retirement, make sure you don’t live with regrets.
What's Included In My Retirement Income Plan?
Your situation is unique to you, your family and your ideal retirement. However, every single plan we create covers the following:
- Retirement Income Planning: We calculate what lifetime income you can expect to receive without running out of money
- Investment Planning: Investing while drawing down your assets can get complicated, we help you avoid mistakes.
- Tax Minimization Strategies: Reduce taxes while staying compliant. We help you keep more of your money so you can live the life you want.
- Risk Management: Life is full of uncertainties, we will help you retire without being crippled by fear.
- Estate Simplification: We create a plan that streamlines your estate so your kin maximize the gifts you leave behind.
Click each tab to learn more.
Retirement Questions Answered...
Specifically for you.
Here are some questions that the retirement income plan will cover:
We will show you what sustainable income you can expect in retirement, given your current assets, investments and life expectancy.
CPP and OAS form the base guaranteed income for most Canadians.
Unfortunately, there are many misconceptions and generalizations that can lead to the wrong decisions.
This impacts how much you qualify for and potentially increase your taxes.
We make sure you have answers about when to take the CPP and OAS, based on your own financial situation.
Is it better for me to use my RRSPs as soon as I retire?
This all depends on what other sources of income you have available to you.
Your life expectancy, your lifestyle cost and the returns you get from your investments can impact this decision.
- How much do I need to retire by a certain age?
- How much do I need to save each month to achieve my goals?
- How much can I afford to spend in retirement?
- How can I maximize my government benefits like CPP and OAS?
- What options should I choose for my defined benefit (DB) pension?
- Should I take a lump-sum commuted value payout from my pension or a deferred monthly benefit?
- Should I save using an RRSP or TFSA?
- When should I start RRSP withdrawals or convert to a RRIF??
- How do we split our income in retirement?
- How do I create an income in retirement?
- Should I get an annuity?
- Book a consultation if you have more questions.
Here are some questions that your investment plan will answer:
The three most common investment accounts are:
- TFSA
- RRSP
- NON-REGISTERED ACCOUNTS
However, depending on your previous employment, you may have access to pension conversion accounts like:
- LIRA
- A Defined Contribution Account
The LIRA and the DC accounts are not typically opened by choice.
However, your decision to use the RRSP or the TFSA has implications on how much after-tax income you can have as well as OAS Claw-back.
This depends on your personal philosophy.
We look at your overall financial situation and not just interest. Oftentimes, this conversation is tackled myopically.
The issue here is you are no longer working, withdrawing additional income to pay off debt faster can increases your tax burden and deplete your assets if done incorrectly.
When you retire, cash-flow takes priority.
Find assets that grow with inflation.
This means buying business that maintain profitability and passing on costs effectively.
Real estate is another asset class that some clients have used to hedge against inflation.
- What types of investment accounts should I have?
- How much should I contribute to different accounts?
- Should I save in my name or my spouse’s name?
- What types of accounts should I open for my kids?
- Should my investment accounts be joint?
- Should I pay down debt or invest?
- What kind of investments can I have in a corporation?
- Should I buy or sell a rental property?
- What is my risk tolerance?
- s my asset allocation appropriate?
- Has my investment performance beat the markets?
- Are my investment fees reasonable?
- Should I be a DIY investor?
- Is my investment advisor a good one?
- Book a Consultation to answer all your questions.
Here are some questions that your tax plan will answer:
You can take advantage of tax deductions and tax credits available to YOUR FAMILY.
We highlight that because, any novice advisor can tell you that these credits exists. What sets us apart is we can help you decide if you should transfer, retain or share these tax saving benefits.
Some tax credits and deductions have multi-year implications. Using these all these credits or deductions today may not be as beneficial as pooling the strategies together.
We help you understand what works best for you.
There is no one set way to reduce lifetime taxes.
Depending on your personal circumstances, tax strategies that helped your friends may be harmful for you.
We run dozens of scenarios that take the following into consideration:
- Investment returns,
- Inflation,
- Government benefits,
- The timing of your withdrawals,
- Managing your tax brackets,
- Your mortality
- Your work now
- Your work in retirement
We give you the most tax efficient solution without compromising your true financial goals.
Depending on your family situation you may benefit from splitting income.
However, there are strict guidelines that the CRA set in place to make sure these are not abused. Using these strategies incorrectly can result in penalties that can ravage your retirement plans.
We make sure you stay compliant.
How do I pay less tax today?
How do I pay less tax over my lifetime?
How do I split income with family members?
How do I pay less tax on my investments?
How do I fund my retirement in the most tax-efficient manner?
How do I reduce capital gains tax on my cottage?
Should I take a severance or salary continuation?
Should I set up a corporation?
Should I pay myself a salary or withdraw dividends from my corporation?
Should I set up a holding company?
Should I establish a family trust?
Should I issue shares of my company to my children?
Should I wind up my corporation?
How do I plan for the sale of my business?
Here are some questions that your risk management plan will answer:
If you have a defined benefit pension, this depends on what kind of payout option you select.
For CPP, this gets tricky, if they already have the maximum CPP or close to it, there is very little that they will get.
OAS, None.
That depends on what support you want to provide to survivors.
If you have significant deferred tax liabilities, from RRSP, unrealized gains in a non-registered account or real estate, you may need it.
Insurance can get costly, you want to make sure you only buy or keep what you need.
Your Retirement Income Plan will help answer this question.
We can carve out a portion of your assets to insulate you from increasing health care costs.
Government subsidies for long term care are often income an means tested.
We will set up your accounts to maximize any government subsidies.
Do I have enough life insurance?
Do I have the right kind of life insurance?
Do I need disability insurance?
Do I need critical illness insurance
Should I buy health insurance?
Should I cancel my insurance policy?
What type of insurance do I need in retirement?
Should I buy insurance for my kids?
- Do I need permanent life Insurance?
Here are some questions that your Estate and Legacy plan will answer:
The probate or estate settlement process can delay the transfer of your bequests by 2 to 3 years if you pass without a proper plan.
We help simplify your estate by guiding you through the proper ownership structure for your assets as well as clear beneficiary designations.
That depends on what support you want to provide to survivors.
We can’t tell you what you should give to who, however, there are nuances that change the values your beneficiaries receive after taxes.
Consider that leaving a house vs an RRSP vs TFSA have different after-tax impact.
We help you equalize and maximize the gifts each of your beneficiaries inherit.
This is totally up to you.
We believe that seeing the impact of your gifts make them more worthwhile.
However, there are circumstance where giving through your estate makes more sense.
- Should I have a will?
- What assets will pass through my will?
- How can I reduce probate fees?
- What beneficiaries should I name?
- Should I own assets jointly?
- Should I transfer assets to my children now or in the future?
- How do I make a plan for the family cottage?
- How do I make a plan for the family business?
- Should I consider an estate freeze?
- Should I add my name to a parent’s account?
- How do I minimize probate fees?
- Should I worry about U.S. estate tax?
- What is a power attorney for property?
- What is a power of attorney for personal care?
- Should I establish a trust?
- How do I maximize my charitable giving?