McNally Financial and Insurance Group - Retirement Planning, Estate Planning and Insurance Services
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Meet Peter McNally,
Certified Financial Planner

McNally Financial and Insurance Group - Retirement Planning, Estate Planning and Insurance Services Meet Peter McNally, your personal Certified Financial Planner Increase your wealth with our retirement planning products Retirement and Estate planning guide Life, Disability, Critical Illness and Mortgage Insurance
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Retirement Planning

'Wealth is the product of man's capacity to think'
Ayn Rand

Increase your wealth with McNally Financial and Insurance Group's full range of retirement planning products
registered retirement savings plans (RRSP's)

What is an RRSP?

An RRSP is an individual savings plan that enables you to make tax-deductible contributions over a number of years; the contributions are invested and earn tax-free income, providing you with savings to live on into retirement.

The Advantage

RRSPs provide you with an exceptional opportunity to save for retirement. Not only are your RRSP contributions tax deductible, but all of the income earned on those contributions compounds on a tax-deferred basis. RRSP investing is one of the most sound financial moves you can make.

Advantages of the RRSP:

-> Provide an exceptional opportunity to save for retirement
-> RRSP contributions are tax deductible
-> All income earned within the RRSP accumulates tax free until withdrawn
-> Save more now and work less later

How does it work?

A Registered Retirement Savings Plan is a savings plan that is "registered" with Canada Customs and Revenue Agency (CCRA). It allows you to save money for your retirement on a tax-sheltered basis. That means you donít pay tax on the income your investments earn until you withdraw the money from your RRSP.

You can choose to invest your money in several investments including savings accounts, segregated funds, mutual funds, guaranteed investment certificates, stocks and bonds, according to your own particular investment goals.

At retirement you can transfer your accumulated RRSP into a Registered Retirement Income Fund (RRIF) where they continue to grow tax sheltered until withdrawn.

Start early in life and save more!
RRSP Workbook Example - save more now and work less later!
Marc, age 45
Marc contributes $2,000 a year until age 65 into his RRSP. Based on a 6% average annual compounded return, Marc's total RRSP investment will be $42,000. When he turns 65, the total worth of his RRSP will be $84,785.
Shannon, age 30
Shannon contributes $1,000 a year until age 65 into her RRSP. Based on a 6% average annual compounded return, Shannon's total RRSP investment will be $36,000. When she turns 65, the total worth of her RRSP will be $126,268!
As you can see when Shannon turns 65, her RRSP will be worth more than Marc's because Shannon's RRSP had more time for a compounded return on her investment.

The earlier you invest - the more you earn!

Begin your retirement plans today by contacting Peter McNally, Certified Financial Planner at McNally Financial and Insurance Group.

McNally Financial and Insurance Group - Retirement Planning, Estate Planning and Insurance Services
 
 
Retirement Planning
Insured Annuities
RRSP's
Segregated Funds
RRIF's
Quick Tips
Learn how an Insured Annuity can provide you with more retirement income - up to 90% more!
View the Insured Annuity example
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Committed to helping clients achieve financial security for themselves, their families, and their businesses.
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