Fee Only Financial Planning Toronto

There is a standard six-step process to financial planning that you may be aware of - this has been the standard process for certified professional planners. It is important to have a financial planner who follows these principles and processes closely so they can take the guesswork out their clients' finances. Buxton Financial is a fee-only financial planning firm in Toronto. We provide expert advice and help our client to understand all the implications of each financial decision they make.

Buxton Financial takes a personal and customized approach to our financial planning services. First, we get to know a client and determine their unique risk capacity and risk tolerance. We get to know their goals and advise them in the direction best suited for them.

How to Choose the Best Fee-Only Financial Planners in Toronto

Financial planners often use the personal profiles of their clients for little more than categorizing their investment style. They determine whether a client is risky, safe, or minimally risky. The financial planner matches the client with off-the-shelf investment products with little to no regard for how appropriate they are for the client and how they help the client achieve their investment goals.

The fact-finding process is one that must be taken seriously by your financial planner. That is why Buxton Financial takes as much time as is necessary to understand each of our clients' financial picture as well as their goals. Any financial planner who recommends a strategy or purchase without this information would be comparable to a doctor who prescribes medication without first getting a diagnosis for the patient.

If you want to find a fee-only financial planner you trust, find out what others are saying about the company. At Buxton Financial, we are proud to provide reviews from satisfied clients. Just ask us for our personal and professional references.

How to Find a Fee-Only Financial Planner You Trust

Unlike some financial planners in Toronto, Buxton Financial is professional and delivers honest, unbiased advice to our clients. We promise maximum value for our financial planning clients. Since we have nothing to gain other than providing each client with sound advice, you can trust that what we tell you is what's best for your finances, not ours!

As you may already know, there aren't many fee-only financial planners in Toronto. On top of that, it is often difficult to find a financial planner you trust and feel comfortable working with. To make the problem of finding a competent fee-only financial planner in Toronto whom you trust even more complicated; each financial planner has their own fee structures and payment models.

At Buxton Financial, we sell financial advice only with a super-simple payment structure. We don't manage and sell investments for clients. Rather, we advise them regarding their best financial choices. We get to know them as we build relationships with our clients so that we have a complete financial picture at all times. This way, we can provide the best financial services possible. We take a methodical approach based on sound financial principles.


Fee Only Retirement Advisor

Aging is something that happens to everyone, and at some point, we all have to start planning for the inevitable. In our old age, none of us know whether or not the social programs that exist today will still be viable. Few of us know that we will have enough money saved to get us through our golden years, and nobody can tell is their loved ones will be around to care for them. As you plan for retirement, consider a fee-only retirement advisor.

Why Choose a Fee-Only Retirement Advisor?

As you plan for your retirement, you likely already know that working with the right financial advisor is key. If you are interested in a fee-only retirement advisor, you will be working with a retirement planning expert who gets compensated based solely on the services they provide. This is a big difference from financial advisors who sell products and services to clients and earns their income via commissions. More often than not, in cases like these, financial planners are more interested in getting you to buy their products and services than they are in your well-being.

Indeed, not having to worry about the conflict of interest that plagues so many financial advisors is only one of the benefits of working with a fee-only retirement planner in Toronto. With Buxton Financial, you will have a fee-only retirement planner who does not earn a living off of commissions or referral fees, so there's no conflict of interest.

Benefits of Hiring Fee-Only Retirement Planner

A fiduciary not only legally and ethically has to act in the best interest of his or her clients, but we also have a financial incentive to do so. Since the ongoing representation of clients is performance-based, our clients often employ us on a need-to-know basis. For example, when they need advice about an investment or retirement planning strategy or even when they want to know about financial products or services they are interested in, they'll contact us. In this sense, our clients' success is our success.

At Buxton Financial, many of our clients appreciate having a partner they can trust for sound legal advice and second opinions regarding their financial situations. Just like going to a doctor; a second and even third opinion can be very beneficial before making a commitment to treatment. This is exactly the case with financial planners. Not only do you have to worry about certain retirement planners' opinions being skewed due to conflict of interest, but different financial advisors have different backgrounds and expertise and may not be as qualified as others to provide advice in certain areas.

Which Services Does a Fee-Only Retirement Advisor Provide?

At Buxton Financial, we offer all the same services as a commission-based financial advisor, but we get paid on a fee-only basis. This provides honest and transparent pricing. We offer retirement planning advice, answering retirement planning questions, portfolio review, and full-fledged retirement planning.

Retirement Advisor Toronto

Do you need a retirement advisor in Toronto? Buxton Financial invites you to contact us for a consultation. We provide retirement advice that is customized to the needs of each client we work with. We are fee-only retirement planning firm, meaning that we don't earn our wages from selling costly financial products and services, which often lead to a conflict of interest and cause the financial planner to put their bottom line over the best interests of their clients.

Buxton Financial offers unbiased, uninfluenced retirement advice; that's what you get every time from Buxton Financial! We've helped thousands of people just like you prepare for retirement soundly and the make most out of the resources they possess. We'll help you balance risk with security, manage your portfolio, and help you make the financial choices that are best for your retirement.

How to Choose the Best Retirement Advisor in Toronto

The first step is for us to get to know each other. The more we know about you, your personality, your retirement goals, your needs, and what makes you tick; the better we can provide sound retirement advice to you. No two people are the same, and no two retirement strategies should be the same either!

While we need to know each client to prescribe the best retirement advice for them, there are some general tips for sound retirement planning, such as investing in an account that is tax focused. This always advisable as each retirement account has its own tax laws. For example, some retirement accounts require you to pay taxes upfront while others require you to pay taxes at the time you retire.

Of course, everybody's plan is a bit different, and that is why it is so important to provide customized retirement planning advice.
If you invest in a normal account, your gains are probably going to be eaten up by taxes. You likely want to make a good investment portfolio so that you can have security when you retire and still have enough money to scratch the remaining items off of your bucket list. The problem is that there are so many retirement advisors in Toronto to choose from, each one wants to sell you everything but the kitchen sink and convince you that their services are the best.

Benefits of Fee-Only Retirement Advisor in Toronto

When you seek out an independent advisor with no products of their own to sell you, then you know that they will give you honest advice regarding your retirement planning. Buxton Financial is a fiercely independent retirement advisor firm. We've helped create investment portfolios, analyze risk, and give advice that you can take to the bank (pardon the pun).

We strongly encourage you to consider us for your retirement advisor in Toronto. We'll answer your questions and point you in the right direction. Since we don't earn commissions for our services, it is our goal to provide excellent legal advice.

Retirement Income Planning

Retirement income planning with a fee-only financial planner is truly the way to go. With Buxton Financial, you can get customized, fee-only retirement planning to meet your specific needs and goals rather than the off-the-shelf financial products offered by most retirement planners. Indeed, most retirement planners earn their livings from making commissions off of the financial products that they sell to their clients, but Buxton Financial makes its money by providing sound retirement planning services.

Why Pay for Retirement Income Planning?

With retirement comes multiple streams of income and many multiple decisions on how to use and manage those streams of income. It is the retirement planning aspect that goes on leading up to our retirement years that determines how our retirement years will be lived out. With Buxton Financial, you can rest assured that you will be as well prepared for retirement as you possibly can.

How Does a Retirement Income Planner Make a Retirement Plan?

There are a number of factors that we use to determine which retirement strategy to put forth for any given client. For example, we consider a person's current age and financial situation. If, based on our calculations, it is determined that a person will not have enough money for retirement, then we can give them advice accordingly.

Another thing that we analyze when determining an individual's best approach to financial planning is risk tolerance. No investments are foolproof. Yet, individuals who are closer to retirement age but way behind the ball in terms of retirement savings or preparation will likely need to take a more aggressive approach to retirement preparation. With any investments, the greater the risk, the greater the potential is for high returns. Conversely, the lower the risk is, the lower the potential for significant returns likewise is.

What Kind of Retirement Income Strategy Do I Need?

It is a very delicate balance of trying to determine just how much to risk and how much to stash. Sadly, many people go for broke with their retirement portfolio and end up going broke. At Buxton Financial, we help individuals to balance their portfolios and can provide counsel that is more aggressive or conservative based on the needs and goals of the client.

Of course, we have an ethical and legal obligation not to sign off on what we deem to be bad ideas, but ultimately, it's up to the individual whether they take our advice or not. We use sound financial principles and best practices to provide our clients with excellent financial guidance they can trust.

Why Choose Buxton Financial for Retirement Income Planning?

Buxton Financial is a fee-only retirement income planner that can help you plan for and manage all of your income streams during retirement. Whether you're in your early twenties or late fifties; we can help you to prepare for retirement the best you can. Contact Buxton Financial today to learn more. Our fee-only financial services guarantee honesty, integrity, and high-quality financial counsel.

Retirement Plan Companies Toronto

What Is The Difference Between A 401k And A Retirement Plan?

Retirement plan companies Toronto can help you live adequately after you stop working and during the prime of your life because they offer budgetary aid for your necessities. In the simplest sense, a retirement or pension plan is a basic security need for people in preparation for life. Financial security during old age is what it tries to address as your income, lifestyle choices, and all aspects of your life depends on how much you’ve saved during your younger years. 

The main difference between 401k and a pension plan lies with the nature of the security bond and how it is appropriated towards achieving your life goals. A retirement plan is basically referred to a defined benefit plan where the account is overseen and appropriated by your active employer. Funding is determined by several factors including your age, salary grade, tenure, and several other considerations like a pre-existing health condition. 

A 401k plan, on the other hand, is a retirement account funded and maintained by an employee who wishes to save for their future retirement. Obtaining a 401k retirement benefit also depends on the availability provided by an employer. The only drawback of a 401k is it does not guarantee a monthly check while a pension plan will.

What Other Types Of Retirement Accounts Are There?

Aside from the 401k and retirement plans, people who are looking for a diversified way of obtaining financial freedom during their later years have several options. Some of the most popular choices of retirement security includes:

  • 403b Account

  • SEP IRA

  • Solo 401k

  • IRA

  • Roth IRA

  • Simple IRA

  • Health Savings Account

What Options Are There For Self-Employed Individuals?

If you are self-employed, the Canadian government offer several retirement options that help you significantly help you save on tax exempts. Although as an individual working without an employer, you have to pay the full 9.9% CPP amount whereas employed individuals only pay half.

If you are not earning that much, you can still live comfortably after retirement by saving a portion of your earnings per month. A good example is a 40-year retirement savings of $500 per year under the RRSP plan can give you an overall yield of up to $77,000 depending on market stability and contribution performance.

How Do I Know What Type Of Retirement Plan I Need?

Though most retirement plans are offered by an employer outright, you do have options on what you want to have. Engaging the help of a financial planner will help you determine the type of accounts to have based on your lifestyle and the amount of security you need.

If your employer does not have a pre-existing retirement plan, then it’s best to choose the type of account you want to have. You also would want to choose a financial service company who can adequately handle your account.

Retirement plan companies Toronto like Buxton Financial offers a free financial planning to help you get started on a comfortable life after you stop working. Make an appointment so you can focus on a happier life ahead!

Retirement Planner Toronto

The benefits and advantages of hiring a retirement planner in Toronto are many. Chiefly, as we age, none of us want to worry about how we're going to get by in our elder years. Retirement planning, when done the right way, allows us to have the assurance that we'll be secure in our eldest years. Contact Buxton Financial today to speak with a retirement planner in Toronto.

Why Hire a Toronto Retirement Planner?

Retirement should be a time of freedom and security for all of us. But all-too-often, the retirement years of many Canadian citizens are anything but free and secure. Sadly, many of our senior citizens fall into poverty as the age. A retirement planner can help you get all your ducks in a row so that, when you retire, you can rest knowing that you are safe for the rest of your life.

At Buxton Financial, we have a broader and deeper understanding of money management, and we use sound retirement planning methods and the best practices in investing to give our clients the financial guidance they need. For example, when it comes to investments and taxes, as well as other areas of retirement planning, things can get a bit complicated. Buxton Financial retirement planners can help you prepare for retirement now so that you're ready when the time comes.

Having an expert retirement planner in Toronto, such as Buxton Financial, gives you the comfort and peace of mind that you could not obtain on your own regarding the subject of retirement. It's a delicate balance in managing risk and security for retirement. As the saying goes, no pain, no gain; but you don't want to risk more than you can afford to lose either. Yet, the less you risk, the less you can make on investments. It's a dicey game, and that is why having a certified, knowledgeable and experienced professional to guide you can pay off.

Choose the Right Retirement Planner in Toronto

In today's world, the only thing that is certain is uncertainty. Relying on CPP and OAS alone is not advisable. Not only is the global economy fragile, but the cost of inflation is so high that your dollars just don't go as far as they once did. That is why you need a well-diversified investment portfolio with the right amount of risk and the right amount of security. That way, you'll be protected in your glory years.

If you'd like to speak with an expert retirement planner in Toronto, give Buxton Financial a call. We'll go over the details of your finances and establish your goals. Then, we'll work together with you to put together a sound short-term and long-term strategy for you to achieve those goals. The fact that you are thinking of preparing for retirement is commendable because too many people don't. However, being aware of your need to plan for retirement is just the beginning. Partnering with the right retirement planner is paramount.

Retirement Planning Services

It used to be that employees were able to depend on a retirement plan, pension plan, or Social Security as a way to cover the costs that they will incur when it is time to retire. The unfortunate truth is that pensions are very rare today and most people find that Social Security is not a sure thing for the future. The idea is that many people are not sure how to go about the planning and saving process to get what they need when they reach their golden years. Because of this, it is usually a good idea to look into retirement planning services to give you a bit of an advantage. 

How Much Money Do You Need To Save For Retirement? 

There are several factors to consider when trying to determine how much money you need to save for retirement, including the age when you would like to retire. For example, by the age of 50, it is a good idea to have roughly six times the amount of your annual income set aside for retirement. While this may seem like a lot of money, you will want to plan accordingly so that you can be comfortable when the time comes to retire. 

How Can I Choose The Best Retirement Plan? 

This is where retirement planning services can come in very handy. You will want to think about things like how much money you would like to see in your retirement fund and whether or not you will need these funds right away after you retire. Based on how much money you make or how much money you would like to leave from your savings to your heirs, you need to look at different plans based on what suits your unique needs best. The process of planning and saving is never the same for everyone. 

Your Retirement Planner 

When selecting a retirement planner, you can look at them as a type of financial planner. They will go over your financial goals for you for your retirement and talk with you about when and how to use your money, as well as what you might like to use it for. They should possess a clear understanding of all of your assets and the best way for you to diversify your savings outlets to maximize your potential that you will enjoy when you decide it is time to retire. 

A good planner will discuss annuity investments, pension distribution choices, Social Security benefits, and other aspects so that you can get the fullest amount possible to live comfortably when the time comes for you to stop working and enjoying life in the future. 

Are you ready to see what professional retirement planning services can do for you? Get in touch with us today at Buxton Financial, and we can start discussing your ideal future from a financial standpoint. We take great pride in offering our clients a tailored approach to planning for retirement, and we would like to show you how we can make your assets and savings work to your advantage. Set up a time for a consultation today so that we can discuss the details!

Retirement Specialist Toronto

It cannot be overstated how important retirement income planning is. It's the decisions we make when we realize that we need to begin planning for the future that will determine how our elderly years are lived out. To ensure that our retirement income planning is done properly, we need to make sure that we partner with the right Toronto retirement income specialist. Buxton Financial invites you to explore our fee-only services, and let us help you prepare for your golden years.

Planning for the Different Phases of Retirement 

True retirement income planning is an ongoing process that takes place over many years. Based on your circumstances, Buxton Financial has three different phases of retirement planning stated as follows:

Restart: Early retirement income plan
This plan is for individuals in early retirement who are still in good health and have lots of energy. Entering the retirement years, it is a period of self-exploration and a new way of life for many. Hence, the title 'Restart' plan.

During the Restart phase of retirement, individuals will have fewer financial needs and a higher tolerance for some risk. When you talk to Buxton Financial, we'll help you determine which phase of retirement planning you're in, and we'll customize a plan just for you.

Relax: Middle retirement income plan
Naturally, we all have things that we want to do in retirement. We work throughout all of our twenties, thirties, forties, and fifties. Many of us dream of traveling and checking those items off of our bucket lists in retirement and most of us will embark on those journeys immediately upon entering retirement.

The Middle retirement plan is for retirees who have enjoyed retirement a bit and are now starting to settle down and enjoy the simpler things in life. They're entering their early to mid-seventies and are turning a new page in their retirement life.

Reflect: Late retirement plan
The Reflect retirement plan is for retirees in their later years. People at this phase of retirement typically have ongoing health care needs. Whether it's help around the house, nursing home, or even help with running basic errands, such as grocery shopping, people in the Reflect phase of retirement often need help getting things done.

Retirees at this point in their lives do a lot of reflecting and consider what kind of legacy they want to leave behind.

As your income needs change through the different phases of retirement, you need a Toronto retirement income specialist you can rely on.

How to Find a Toronto Retirement Income Specialist You Trust

One mistake that individuals planning for retirement often make is assuming that retirement is short-lived when, in fact, retirement usually lasts for decades. Retirement planning is about designing rest of your life

Of course, the sooner an individual starts planning for retirement, the better we can assist them in designing the future they want for themselves. But still, better late than never! With some aggressive planning, we can make up for lost time in retirement planning for people who are starting to plan in their thirties, forties, and even fifties. Give Buxton Financial and call and get started ASAP.

Toronto Financial Planner

If you are looking for a Toronto financial planner, consider working with a fee-only financial planner. What exactly is a fee-only financial planner, and why should you work with one? Put simply; a fee-only financial planner works directly for you, not for an agency or as an affiliate. There are lots of financial planners in Toronto, and many are very good at what they do. Unfortunately, what many Toronto financial planners do is earn commissions and referral fees from selling you products and referring you to other professionals who give them incentives to do so.

If you find a Toronto financial planner who works on a fee-only basis, then you know you are paying for quality financial services because the incentive of the financial planner is to give you the best possible counsel, not to sell you products that you may or may not need. The way that fee-only financial planners get good ratings and referrals is by providing excellent financial planning services.

Why Choose a Fee-Only Financial Advisor?

Having no conflicts of interest will give you peace of mind, and from a financial planner's point of view, we don't have to worry about any wrongly-perceived financial conflicts of interest. We can just give you honest, unbiased opinions about your finances in as a whole.

Of course, your financial advisor isn't the only professional you should talk to. You likely have an accountant, lawyer, insurance advisor, and investment advisor. A fee-only Toronto financial planner provides you with the basis of everything that you need to know so that you can manage your other professionals better and get what you need from them.

Get Customized Financial Planning from Buxton Financial

When you choose Buxton Financial to be your financial planner in Ontario, we take the time to know you. Particularly, we want to know about your current financial situation and your short-term and long-term goals. This is crucial for assessing your risk tolerance, as the financial counsel we provide will depend on how aggressively or safe you want to play it when it comes to your finances.

Once we have a clear synopsis of who you are and where you are going, we'll work with you to develop a financially-sound action plan that will help you accomplish your goals step by step, day by day.

Should I Hire a Toronto Financial Planner?

People mistakenly think that they have to be wealthy to hire a financial planner, but this reasoning simply isn't correct. It if you want to make sure that your finances are in good health, then it is probably good to have a financial planner. Indeed, the best way to think of your financial advisor is as a financial doctor. Just as you have a physician who makes sure that your body is operating at optimal health, a financial advisor makes sure that your finances are healthy.

Contact Buxton Financial to speak with a licensed, fee-only financial planner in Toronto today.

Toronto Retirement Income Specialist

Do you know if you have enough money to retire or will have enough money to retire by the time you reach retirement age? Do you even know at what age you'll be able to retire? Likely, you've already established multiple streams of income for retirement, or you're looking to do so. But how will you manage those streams of income to get the very most out of them?

These are the kinds of questions people ask when they need a retirement specialist in Toronto. In today's world, the only certainty seems to be uncertainty! As the old saying goes, "Tomorrow is never promised!" And this is truer today and applies to our lives in more ways than at any other time in history. With the world economy more sensitive than it has ever been, and with inflation levels higher than ever, the next economic crisis could literally happen any time. Being prepared for the unpredictable isn't just wise advice, it's a must in today's world. Take a lesson from 2008, and be prepared for anything!

How Important is it to Have an Income Retirement Specialist

The social programs that our parents have relied on are in jeopardy today. They're not guaranteed to be here tomorrow, certainly not as we know them. Therefore, relying on pensions and social programs to carry us through the years of retirement simply isn't enough. Today, retirement planners need to think outside the box. To prepare for the uncertain times ahead, you need a retirement specialist in Toronto who understands the complexities of today's financial markets and knows how to help people prepare for uncertain times.

How Can an Income Retirement Specialist Benefit You?

At Buxton Financial, we're not about applying a one-size-fits-all approach to retirement planning. Instead, we take the time to get to know our clients and customize retirement plans according to their needs, goals, and personalities. While we can't give financial advice without knowing a bit about a client first, we can say that, in general, the best way to approach retirement planning is to balance security with risk. This ensures that the client will have something for retirement and gives them an opportunity to earn some gains as well.

Why Choose a Fee-Only Income Retirement Specialist?

You likely have a lawyer, accountant, tax specialist, and other professionals who help you manage your finances. Yet, having a retirement specialist in Toronto gives you a single reliable source to get the information you need about products or services they are offering. At Buxton Financial, we offer fee-only financial services. We can do anything a traditional financial planner could do, except we make our money by charging flat rates rather than earning commissions and fees for selling financial products and referring clients to other professionals. Therefore, you can rely on Buxton Financial for honest, straight-forward retirement advice.

Contact Buxton Financial

If you are looking for an income retirement specialist in Toronto, you're in the right place now. Contact Buxton Financial today. You can count on us for reliable income retirement planning.