Personal Investments

Most of us understand the benefits of sensible retirement planning, however, when it comes to actually creating your personal retirement strategy and putting it into effect, it doesn’t feel quite as straightforward. The reality is that, while there are lots of variables to consider, it isn’t as difficult to create an effective plan for retirement as you may think.

When making decisions about personal investment, there are a lot of things to consider.  Let’s first consider the merits of a retirement plan. Firstly, the plan will aid you in the setting of clear goals for your retirement such as the age that you want to finish work and what you want your retirement to look like in terms of lifestyle. Secondly, it will help you to establish how much you need to save now to have a retirement that meets your objectives. Thirdly, a plan will allow you to choose your investment options wisely.

How Much Do You Need to Save?

How do you know how much you need to save is a common question. This depends on three factors:

  • Your age
    • It makes sense that starting to save for retirement when you are younger means that you need to save less money than if you start later in life
  • Benefits available to you
    • There is a range of federal government benefits that you might be eligible for. These  include the Canada Pension Plan or Old Age Security
  • Your lifestyle
    • Your personal plans for your retirement will inevitably affect how much you need to save to fund it

Tips for Personal Investment

If you haven’t started saving for your retirement yet, or have less in your retirement savings plan than you would like, take a look at our top tips to accelerate your savings with personal investments:

  • Make the most of RRSPs and TFSAs to minimize your tax bill and make your money grow faster
  • Take advantage of any pensions or savings plans that your workplace offers. The contributions that your employer makes can add extra value to your fund
  • Think about putting spare money into your retirement fund
  • Look at your spending habits to identify opportunities to cut back and save more

Taking steps to create an effective retirement plan is a decision that will pay off as you approach your golden years, giving you the opportunity to have the savings for the retirement that you deserve.

Talk to us, we can help.

At Rockmoor Wealth Management, we work with our clients in identifying financial services options which are based on each individual’s specific needs. When it comes to investment and portfolio management solutions, we have established a referral arrangement with KAI Asset Management Inc. whereby we introduce our clients to the benefits of having a full discretionary managed account. For more information about KAI Asset Management Inc. and the services they provide, please contact us or visit their website at

1KAI Asset Management is a Portfolio Manager and Exempt Market Dealer registered in the provinces of Manitoba, Saskatchewan, British Columbia, Alberta and Ontario. The firm is also registered as an Investment Fund Manager (IFM) in the provinces of Manitoba and Ontario. This communication is directed only to persons resident in those jurisdictions.

Investment Portfolio Qualities by KAI Asset Management Inc.

Investment Diversification

Diversification across sectors and asset class

Sector Focus
• Financials • Industrials • Healthcare
• Consumer Products • Enterprise Technology

Targeted Assets
• Stocks • Bonds • Real Estate
• Private Equity

Global Reach and Transparency

Companies that have international scale exhibit certain desirable traits

• Geographic diversification provides protection
• Transparent and strong corporate governance
• Ability to grow into new markets

Stability and Strength

Companies that exhibit financial strength and business stability are paramount

• Strong balance sheet
• Conservative use of debt
• Requires minimal capital to maintain
• Consistent high free cash flows
• Competitive moat and pricing power

Proven Leadership

Management can turn a good investment to extraordinary with skilled capital allocation. We assess management by analyzing the following:

• Mergers & acquisitions success
• Business re-investment results
• Share buyback execution
• Dividend history

The Investment Portfolio Qualities example is for illustrative and information purposes only and should not be interpreted as investment advice or instruction. It was created by KAI Management Inc. for its clients.

Tax Free Savings Account

A Tax-Free Savings Account (TFSA) can be an effective way to save for the future, even for those who are only able to save a little every year. Your savings will grow more quickly in a TFSA due to the fact that you do not pay any tax on the earnings. You also do not pay any tax on your withdrawals.

Registered Retirement Savings Plan

A Registered Retirement Savings Plan (RRSP) is a savings account and personal investment that offers you a simple way to put money away for your retirement. Key features of an RRSP include tax-free accumulation of investment savings within the RRSP and all eligible contributions made to an RRSP are tax-deductible.

Registered Education Savings Plan

A Registered Education Savings Plan (RESP) provides an excellent investment vehicle to save for your children’s post-secondary education. Like an RRSP or TFSA, money deposited into an RESP grows tax-free, giving you the opportunity to grow your savings quicker while taking advantage of both Provincial (if available) and Federal Savings Grants.

5 Retirement Mistakes You Need to Know Today

Download this free guide to learn how to avoid these simple and potentially devastating mistakes Canadians make every day.

Take the Next Step

Our team in Nanaimo has acquired decades of experience specializing in providing quality financial advice in areas of financial planning, investments and insurance. Book a meeting with us to learn how we can help you with your finances.