Fee-for-Service Financial Planning
Kingston Financial Inc. will work with you to build your ideal retirement plan.
If you are wondering if you have enough savings and future income to retire or reduce your work schedule and maintain a certain lifestyle, we can help. Our plans will let you know if you have (or will have) enough income and resources in retirement, as well as help minimize life’s financial twists and turns.
We will build a plan, let you know where you are at in achieving that plan, and work with you to find ways to bridge any gaps in that plan. Regular reviews, your active involvement, and communication will keep you on track as well as give us insights into any modifications that may be required along the way.
Some plans are more complex than others to build depending on required follow-up and the complexity of different sources of income and their potential tax implications. Our pricing factors in the hours required to properly build your plan and the time involved with collecting the relevant information and materials. Our initial 30-minute consultation, to explain our process and determine if we are the right fit for you, is free. During that consultation, we will provide you a list of the information our planner will need to start building your plan. Once we gather the information, we will schedule a formal meeting to begin our process and find out what is most important to you in building your plan. Once we agree to work together, a letter of engagement outlining each of our responsibilities and pricing will need to be signed, with a minimum 50% deposit required. The balance is due upon plan presentation and discussion of your plan.
Financial Planning Pricing:
Generally, our retirement plans starts at $1800 + HST. In the case where your specific situation is particularly complicated, involves a corporation, or requires additional work outside the scope of a retirement plan, additional charges at our standard rate may apply.
Our retirement plans will help you determine how to best use the variety of assets and income streams that you have available to you in retirement, how best to prepare for retirement, and how to maximize efficiency throughout retirement. It will also help you optimize the start dates for pensions you have access to with variable start dates, such as CPP and OAS.
Annual plan reviews typically take 2 to 3 hours at our standard rate, but more time may be required depending on the complexity of the plan or necessary changes and adjustments. These are optional, but highly recommended.
Our standard financial planning rate is $150 per hour + HST.
General financial planning advice is available at our standard hourly rate (minimum of 3 hours).
Examples would be: pension plan options, tax strategy planning, short-term savings goals, mortgage advice, investment advice, financial protection, etc.
Note: Investment portfolio management and/or transfers of investments for management is not obligatory, but we do provide these services as well.
For a no-cost preliminary consultation, please contact us. Our Financial Planners specialize in Retirement Planning and Estate Planning, and offer financial planning services across Ontario. Our office is in Kingston, Ontario, and we are happy to speak with anyone on the phone, or meet in person with anyone in the surrounding area.