||Principle Centered Financial Services Inc.
is focused on providing you sound financial
solutions to your current needs.
Below are a few of Winson's seminar presentations. For more information and
explanation of each topic, select from the PCFS
Solutions list on the right side of
this page to view its entirety.
- There are 3 Stages to
Long Term Care: Retirement
Home, Home Care and Facility Care.
Home - At this first stage of
assisted living, a person is still
active and can do most things.
It is not paid by government but by
the person going there.
- Home Care -
Alberta Health Services coordinates
home care in Edmonton.
Services can range from grocery
shopping, house work, companionship,
cleaning, cooking and bathing.
Care - Referred to by a doctor or a
case manager. Choice of
private or semi-private rooms.
- Learn how
Long Term Care Insurance can help
pay for your care ....
Benefits and System of Retirement Payout
- When we
consider retirement we need to take
into account government
benefits: Canada Pension Plan
(CPP), Old Age Security (OAS) and
Guaranteed Income Supplement (GIS).
- Anyone who
worked in Canada before age 60 and
subsequently retired and who has
contributed to CPP will be entitled
to a lifetime income. When
should you take your CPP?
- To qualify
for OAS - You must be living in
Canada and be 65 or older, be a
Canadian citizen or legal resident
and have resided in Canada for at
least 40 years after turning
government can help you with GIS if
your income is very small. You
are eligible for GIS for you qualify
for OAS at 65 and have been living
in Canada for more than 10 years.
- There are
two types of Retirement Planning: Registered
Retirement Savings Plan (RRSP) and
Tax-Free Savings Account (TFSA).
Investments, you can have annuities, guaranteed
minimum withdrawal benefits (GMWB)
- The True Four Letter Word
- One of the
first key factors when we talk to
your financial advisors is RISK
tolerance. What would happen
if we neglect some or all of the
risks? What would happen if we
have a better handle on risk?
The most common risk factors are:.
Risk - Investment losses due to
volatility in the stock market
Risk - Lose purchasing power.
Get higher stable returns elsewhere.
Risk - Cannot sell when you want
to. Accessing cash when we
Risk - Outliving your money is a
retirees worst nightmare
- Learn more
about your risk factors and how to
obtain financial peace of mind ....
Basics - How Much Is Enough?
- How much is
enough? A question all
pre-retirees ask. The answer
really depends on what standard of
living one wants.
- There are
Four Basic Levels: Replacement
consumption (35%), Retire with
contingency included (50%), Retire
with lifestyle adjustments (70%),
- Questions to
- Am I giving
myself a raise every few years?
- Do I have a
Long Term Care plan?
- Do I have an
Estate Plan or arrangement
concerning my kids?
- What am I
doing to reduce taxes?
- Let Winson
help answer some of these questions
for you .... Read
- There are
Three Stages to Old Age:
Golden Age (60 - 75), Sedentary Age
(75 - 85) and Final Old Age (85 -
- Issues that
arises as you age: Retirement
Fund, Home Care, Long Term Care,
Health, Relationships, Faith, Death.
- Winson is a
Certified Professional Consultant on
Aging, contact him to discuss .... Read
to View and Download