RitePartner Financial Services

10/05/2026

Unique Benefits of a Spousal RRSP

Anyone with RRSP contribution room can contribute to their own RRSP until the end of the year they turn 71, and to a spousal RRSP until the end of the year their spouse turns 71, regardless of the contributor’s own age.

With an SRRSP: You get the tax deduction, your spouse gets the money. The contribution does Not affect your spouse’s RRSP contribution room and allows them to contribute to their own RRSP as well.

SRRSP Withdraws can be tricky. You must wait 2 full calendar years after the last SRRSP deposit before all the withdrawal is taxed in your spouse’s name. If a withdrawal is made within the 2 calendar years, the contributor will be taxed.

Questions? Require more information with No Obligation, contact Ken.

09/11/2026

08/10/2026

Consider a No Obligation individual disability quotation. It's often cheaper than a daily cup of coffee. I only promote what I have myself.

07/18/2026

Segregated funds offer a unique combination of investment opportunities, insurance guarantees, and estate planning benefits, making them a valuable tool for clients seeking financial security and peace of mind. These 4 features make segregated funds an attractive financial solution, where fees directly support high-value services and benefits.

1. Guaranteed Protection: Segregated funds uniquely provide insurance coverage with death and maturity benefit guarantees.

2. Estate Planning: Ability to bypass the probate/estate process makes segregated fund contracts an effective tool for wealth transfer, allowing beneficiaries immediate access to capital privately upon the death of the annuitant (or successor annuitant, if applicable).

3. Guaranteed Retirement Income: For clients with a guaranteed minimum withdrawal benefit (GMWB) contract, this provides retirees with a predictable and potentially increasing guaranteed income for life regardless of market performance.

4. Potential for Creditor Protection: Investments may be protected from creditors under certain circumstances. This can be especially valuable for business owners.

06/09/2026

HOW MUCH ARE YOU WORTH?

A career has value. - More than people think. You need it to survive and your capital comes from there. A way to guess it's value is: How much capital would you need to retire now? - If you won the lottery: A million. Not enough. Five? Maybe. Fifty? Probably.

Retirement is voluntary usually: - You could build capital over time and it will work. The time you will need money grows shorter as you grow older, too. Easy deal. Increasing capital, decreasing need.

What about forced retirement? - Maybe tomorrow. You could be sick, injured or dead. No time to save. Career is lost. Then what?
The capital you wanted to retire is the same as you thought about a minute ago. BIG number.

Now you have a hint about how much life insurance and disability insurance you need. More than you have, right?

What are going to do about that? - Adult decision time.