Retirement should be a time to relax, enjoy life, and do the things you’ve always dreamed of. But let’s face it—managing your finances after retirement can sometimes feel like a second job. Luckily, consolidating your assets with one financial institution, and one financial advisor, can make life a whole lot easier. Here’s why keeping everything under one roof is the savvy way to go:
1. One-stop shop for all your financial needs
Why juggle accounts at several places when you can have everything in one spot? By consolidating your assets with one financial institution, you can keep track of your RRSPs, TFSAs, pensions, and investments without hopping from one login to another.
2. Personalized advice from your trusted team
You’ve worked hard for your money, and now it’s time to let experts help you make the most of it. By consolidating your assets, you get a financial advisor who knows your complete financial picture and can offer personalized guidance for all things retirement—from tax-efficient withdrawal strategies to making sure your portfolio stays balanced. They’re your partner in planning for a fun, fulfilling retirement, not a stranger who only knows half the story.
3. Effortless income distributions
In retirement, you need your money to work as hard as you did all those years! When you consolidate your assets, you make it much easier to set up regular income withdrawals. Whether you want monthly income to fund your travel adventures or quarterly payments for peace of mind, having everything in one place makes it as easy as pushing a button. No more confusion with multiple accounts or banks!
4. Tax time made simple
Tax season? Pfft, it doesn’t have to be stressful! When all your assets are with one institution, you’ll have one simple tax package with everything you need. No more hunting down paperwork from multiple sources. Whether it’s RRSPs, TFSAs, or non-registered accounts, a single financial institution makes tax filing a breeze. And that’s less stress, more time for relaxation.
5. Say goodbye to fees eating into your savings
Let’s face it—fees can add up, especially when you’re living on a fixed income. But when you consolidate your assets, you may qualify for lower fees or even have them waived altogether. More money stays in your pocket, where it belongs. Less worrying about fees means more to spend on things that matter—like a fun weekend getaway or a hobby you’ve always wanted to try.
6. Better investment products for retirement
Think of consolidation as unlocking a treasure chest of financial goodies. With your assets in one place, you gain access to retirement-specific products like Guaranteed Investment Certificates (GICs), low-risk income-generating investments, and more. Your portfolio can be tailored to provide steady income, so you can spend more time enjoying retirement and less time stressing about your investments!
7. Build a stronger relationship with your financial institution
Retirement isn’t just about your savings—it’s about building lasting relationships. When you consolidate your assets, you’re building a stronger bond with your financial institution. You’ll get better, more personalized service because they’ll understand your entire financial picture. Whether you’re planning your next trip, managing healthcare costs, or just looking for some advice, they’ll be there to guide you with a deeper understanding of your goals.
8. Simplified security for peace of mind
The more accounts you have, the more you have to keep track of. By consolidating your assets, you simplify your security. With fewer accounts to monitor, you’re less likely to miss something important—and that means less worry. Simple, secure, and easy—just the way retirement should be.
9. Estate planning made simple
When you’ve worked hard to build your wealth, you want to ensure it’s passed on smoothly to the next generation. Consolidating your assets makes estate planning easier because everything is in one place. Your advisor can help ensure your RRSPs, TFSAs, and other assets are structured for tax efficiency and that your wishes are clear. Plus, you can rest easy knowing your heirs won’t have to deal with the headache of tracking down multiple accounts.
Retirement is meant to be about freedom—freedom from work, stress, and complexity. By consolidating your assets with one financial institution, you’ll have more time and energy to do what you really want—whether it’s traveling the world, taking up new hobbies, or simply enjoying the peace of mind that comes with knowing your finances are in good hands.
Make your retirement about living your best life, not about managing multiple accounts. Consolidating your assets means less financial hassle, more fun—and more of the good things in life!
Make sure your future is figured out
When it comes to estate planning you deserve peace of mind. We’ll help you start the right conversations today, so your family’s tomorrow is as clear and stress-free as possible.
Note The information contained in this article was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This material is for informational and educational purposes and it is not intended to provide specific advice including, without limitation, investment, financial, tax or similar matters. The views expressed are those of the author and not necessarily those of Aviso Wealth.
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.. Online brokerage services are offered through Qtrade Direct Investing. Mutual funds and other securities are offered through Aviso Wealth. Qtrade Direct Investing, Qtrade Guided Portfolios and Aviso Wealth are divisions of Aviso Financial Inc. Unless otherwise stated, mutual funds and other securities are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
