Kleinburg Private Wealth

All planning tactics are based on the 3 Cs©: convert, create, and conserve. Reducing income taxes is a special form of conserve.

Here’s what you need to know about the 3 C’s.

✅Converting wealth means selling non-income-generating assets and acquiring income-producing ones.
✅Creating wealth often involves portfolio returns. But for business owners, increasing wealth also means achieving specific business goals.
✅Conserving wealth involves managing spending and debt. It also means reducing income taxes.

There’s a major issue when working with couples: couples don’t 100% agree on their wants all the time.

Rather than managing disagreements by trying to reconcile them, in the life-planning process you acknowledge and record a couples’ different points of view. There’s no wasting time and no negative emotions.

You explain to clients that the long-term implications of their different points of view can be understood only within the context of the whole. Together, you’ll examine the financial forecast in the second planning meeting.

The life-planning process is designed to support couples in the creation of a shared vision of life.

Both oars must be in the water and pulling in the same direction. If they aren’t, the boat will go in circles—and may even capsize.

Did you know ... it is possible to transfer a U.S. IRA and 401(k) Plan to a Canadian RRSP. Under certain conditions, this could be done as a tax deferred transfer.

Coffee and photo op with Andrew Murray from the Desjardins Overseas Equity Fund. Andrew flew in from Scotland to speak to us at the Carte2018 conference