Retirement isn't a single decision. It’s a series of connected choices about income, tax, investments, spending, family and legacy.
Karmelic, Stoyanov & Associates Private Wealth Management helps clients create retirement plans that are practical, coordinated and built around real life. Based in Toronto, we serve clients and families across the GTA, including Newmarket, Markham, Unionville, Stouffville, Richmond Hill, Mississauga and Oakville.
Planning before retirement feels urgent
The years before retirement matter.
Many clients come to us five to eight years before retirement, or a few years after work has stopped. They may have pensions, RRSPs, TFSAs, investment accounts, stock options, employer benefits, business interests and tax questions.
We help answer questions such as:
- When can I retire?
- Where will my income come from?
- Which accounts should I draw from first?
- How much can I spend?
- What happens if markets fall?
The shift from saving to spending
Saving takes discipline. Spending can take confidence.
Your retirement paycheque is about turning the wealth you have built into a reliable, tax-efficient source of income, without losing the flexibility to enjoy your retirement.
Decumulation is the process of turning your savings into income. It’s one of the most important parts of retirement planning.
We help clients understand how to draw income, manage tax, preserve flexibility and use their wealth for the life they want to enjoy. That may include travel, family gifting, charitable giving, lifestyle upgrades or helping children and grandchildren.
Building your retirement paycheque
Your retirement paycheque is about turning the wealth you’ve built into a reliable and sustainable source of income.
We help coordinate your investments, pensions, government benefits and other sources of income to create a retirement income strategy that reflects your lifestyle, spending needs and longer-term goals.
The goal isn't simply to generate income. It's to give you confidence in how much you can spend, where your income will come from and how your strategy can adapt as your circumstances change.
Tax-aware retirement income
Taxes can have a big effect on the income you have available in retirement.
We help clients decide where income should come from, when to start pensions, how to draw from investments and how charitable giving and estate plans may affect taxes over the years.
High-net-worth retirement planning
High net worth retirement planning often involves more than investment accounts.
Clients may need to coordinate:
- Retirement income
- Estate planning
- Wealth transfer
- Insurance planning
- Charitable giving
- Family conversations
- High net worth retirement strategies
Retirement planning for high net worth individuals should help wealth support your lifestyle now, while also preparing for family and legacy decisions later.
Retirement planning for business owners
Business owners often have added complexity. Retirement may involve a business sale, succession plan, retained corporate assets or a pension for business owners.
We help business owners think through business retirement plans, retirement plans for business owners, small business retirement plan options and retirement plans for small business owners in the context of their broader wealth plan.
Pension and family considerations
Pension planning can be a major part of retirement income. For some clients, this may include workplace pensions, business owner pension options or separated pension considerations after a major life change.
These decisions should be reviewed alongside tax, estate, income and family goals.