Pension Advice

Applestock & Associates has been offering expert pension advice for over 15 years.  We help clients retire with more money and financial stability than they thought possible.  You’ve worked hard and paid into your pension(s) for several years— you deserve to retire with comfort and peace of mind.  We can make that happen.  Our pensions advisory service is geared toward getting you the most return on your investment.

Retirement Pension Service

There’s no guarantee that you’ll retire “happily ever after” on a full retirement pension and 100% of OAS (Old Age Security) and CPP (Canada Pension Plan) benefits.  Many of us have to get creative or strategize how we’ll fund our retirement later in life.  As a financial advisor, I cannot believe the number of people that don’t pre-plan.  The result: they have limited to no means to fund their retirement.   Many are forced to work part-time later in life to make ends meet.   Don’t let that happen to you.    

Why hire a financial advisor?

Financial advisors mainly provide you with guidance and “hand holding” when it comes to pension funds, applying for OAS, CPP and buyouts.   We all want to make the best decisions when it comes to retirement pensions and investments.  That’s why hiring a financial advisor is so important.  A financial advisor cannot give you legal advice but, with their expert financial knowledge, can help you get the most out of your pension plan.  Above all, we’ll help you retire with financial security and peace of mind.

Retirement pension advice: create a “plan of action”

  • Do you want to know where to invest your pension money?
  • What type of return to expect?
  • What market value we want to see in 5 or 10 years? 
  • If we have the option to increase the payment down the road or reduce payments? 
  • What if you want a lump sum?

Applestock & Associates can answer these questions and put your mind at ease.  And, when your pension is transferred at retirement, we’ll work with you to come up with a “plan of action.” Each plan is developed to suit your unique needs.  Our pensions calculator will also determine how much money you’ll receive monthly, so you know what to expect when you retire.  Most times, a financial advisor can help clients generate a higher payment-per-month than what would be offered if you left the pension with your employer or pension administrator. 

Seek Pension Advice: it’s the smart thing to do

It’s never too early to plan for your retirement.  As soon as you’re working full-time and participating in a pension plan you should start working with an independent financial advisor.  Most employers or the pension companies will mail you a statement of pension each year.  It’s not always easy to understand this statement.  Many of us dismiss the document altogether, thinking that everything is fine and being “taken care of” for us.  But, this might not be the case.   That’s why the statement of pension should be monitored from year-to-year by a professional— to ensure that you’re moving forward in the right direction.   

Retirement Pension Funds: Common misconceptions

Many company pension plans have a clause built in that if you die after retirement your pension is cut by 50%.  The result: your beneficiary receives 50% less per month.  But, this can be avoided.  We can transfer your pension at retirement to an individually owned, locked-in retirement account where you’ll have more control, and more options with regards to investing.  And, you can eliminate the 50% reduction to your pension money if you die earlier than expected.  You don’t have to lose your hard-earned money— Applestock & Associates’ pensions advisory service won’t let that happen.

Pensions Advisory Service: Make informed decisions

Should you delay your retirement?  The biggest misconception about pension funds is that at retirement we have no choice but to leave the pension as is and take what they offer.  But, this is not the case.  As for CPP, many Canadians believe that waiting until 65 years old to start CPP (delaying the application for 5 years) is more profitable, since you’ll receive a few extra dollars per month.  Yet, the government gives you this incentive in hopes that you do delay taking the benefits.  And, the more delay it, the better chance they NEVER have to pay it.   The government looks at it from a profit-and-loss standpoint.  They look at mortality tables.  They hope that the people who delay taking the pension benefits will pass away before the government is forced to pay out any money.  Don’t let the government plan your life.  Instead, we’ll help you make an informed decision.  Together, we’ll decide when you should retire— whether it’s at age 65 or earlier.   

 You deserve to enjoy your retirement.  Contact us today.  Applestock & Associates is located in Markham, ON.  We service clients in Toronto, Scarborough, Etobicoke, East York, North York, Richmond Hill, Aurora, Newmarket, Vaughan, Maple, Woodbridge, Markham, Pickering, Whitby, Ajax, Mississauga, Brampton, Hamilton, Oakville, and Milton.  We also make house calls to individuals who cannot get to us.

Mutual funds provided through FundEX Investments Inc.