Conventional "wisdom" states that if you maximize your RSP and pay off your mortgage, "retirement will be fine." However, many Canadians are finding that using this strategy is producting a retirement for them that is "not fine".
Using established CRA tax rules, the RSIP converts your current assets into tax-efficient retirement cash flow. Higher after tax cashflow results in a substantially more rewarding retirement lifestyle.
CASE STUDY
Danny and Henry are 40 year old twin brothers that have the same salary, the same tax bracket and are contributing $10,000/yr to their retirement strategy.
Danny chooses the "Traditional RSP Strategy"
At age 65 Danny will have approximately $25,000 annual spendable cash flow
Henry chooses to implement WMS's "RSIP Strategy"
At age 65 Henry will have approximately $50,000 annual spendable cash flow
He also has the option to retire at age 51
Would you prefer to be a Danny or a Henry?
