INCOME FIRST FINANCIAL
Focused on the income needs of a very specific group of individuals.
ABOUT US
At Income First Financial our focus is simple, we use our proprietary software to create and manage an income plan which allows our clients to make informed financial decisions regarding their current and future financial needs. Then only after this plan is complete do we recommend a product or service.
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To accomplish this level of service our focus needs to be specific and our client base needs to be small. As such, Income First Financial only works with two distinct types of client, Individuals Over the Age of 50, or Owners of Corporations.
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Our website doesn't display a long list of products and services for all stages of life. We don't boast of having 1,000's or even 100's of clients. Our focus is clear, and the tools we use and the services we provide are selected specifically for our small group of targeted clients.
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We do not take clients outside our focused market. Not everyone fits with us,
and that's not only alright, it's by design.
OUR SERVICES
ESSENTIAL STEPS DURING
"THE SPRINT"
When can we retire, when should we take CPP and OAS, do we perform a controlled deregistration, should we max the RRSP or the TFSA? All these questions and many more can only be answered by using a targeted Income Planning process.
"The Sprint" is the last 10 to 15 years before retirement. This is where the smallest changes in planning can make the biggest difference in the financial freedom you will have in your retirement. We know the difference a formal Income Plan can have at this stage, and why we only take on individual clients over age 50.
PLANNING DURING RETIREMENT
You're in retirement, you can't go back and do things differently, what you have at this stage is all you and your family will have for the rest of your life.
Now is when a formal Income Plan is essential to minimizing taxation, avoiding claw backs to government benefits, and knowing what rate of return you need to meet your goals. Knowing the rate of return required ensures you can minimize your exposure to unnecessary risk, and weigh the use of investment products with guarantees to further reduce exposure to market fluctuations.
SPECIFIC SERVICES FOR OWNERS OF CORPORATIONS
Individuals with corporations benefit greatly from Income Planning both while working and while managing corporate assets during retirement. As such, corporation owners are the only group we work with regardless of age.
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While you are working, protecting your income is critical. This is where insurance may be key to protect against disability, critical illness, or a partnership buyout on death.
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Managing the Holdco in preparation for and during retirement have all the factors of others during this stage, but a proper Income Plan resolves questions around the corporate assets and when and how to draw income from the corporation.