We have found that even with very wealthy individuals they are nervous about outliving their money. A big part of our job is to provide our clients with the facts about their future, and in many cases to reassure them that their focus shouldn't be to save money, but to enjoy life.
Toronto, Ontario (PRWEB) September 26, 2006
With people living longer, and company pension plans slowly disappearing, it is a question that is becoming more important than ever for Canadians who are planning their retirement.
At TriDelta Financial Partners, our team of Certified Financial Planners (CFP™) and financial advisors have developed a free tool on http://www.tridelta.ca, which will help Canadians answer that question. Using sophisticated tax, pension and actuarial tables, the TriDelta Estate 100 provides individuals with a score from 0 to 100. A score of '0' suggests a real risk of you outliving your money without making changes. A score of '100' strongly suggests that you will never outlive your money. The TriDelta Estate 100 is ideal for retired individuals or those very close to retirement.
The TriDelta Estate 100 also provides a good indication of:
- How big will my Estate likely be?
- What is the total amount of tax I might pay over my lifetime -- without estate planning solutions?
"We have found that even with very wealthy individuals they are nervous about outliving their money. A big part of our job is to provide our clients with the facts about their future, and in many cases to reassure them that their focus shouldn't be to save money, but to enjoy life." said Ted Rechtshaffen, President and CEO of TriDelta Financial Partners.
"When you know that you will never outlive your money, tremendous new opportunities arise around the extra funds available. There are often tax savings of hundreds of thousands of dollars over a lifetime, potential charitable contributions, and an ability to grow your estate in order to leave a legacy to future generations and causes." said Asher Tward, VP Estate Planning for TriDelta Insurance Solutions.
Several studies have suggested that women in particular, have fears of outliving their money and living as "bag ladies" -- even in cases where they are in great financial shape.
A tool like the TriDelta Estate 100 can be the first step in developing a plan to provide financial peace of mind for today and the future.
TriDelta Financial Partners is a financial planning firm located in Toronto, Canada whose financial planner and financial advisor specialists offer investment, mortgages, insurance, retirement planning and estate planning solutions to Canadians.
TriDelta Financial Partners work on a fee basis and have access to the entire market for the best combination of products, ensuring that clients receive optimized financial planning and investment advisor management solutions to maximize their financial wealth and achieve financial peace of mind.
For further information: contact
Ted Rechtshaffen, President and CEO,
TriDelta Financial Partners
Asher Tward, VP of Estate Planning
TriDelta Insurance Solutions