Kurt Rosentreter Essential Financial Strategies Presentation
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Transcript of Kurt Rosentreter Essential Financial Strategies Presentation
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FINANCIAL STRATEGY FOR ENTREPRENEURS
KURT ROSENTRETER, MANULIFE SECURITIES INCORPORATEDCA, CFP, FCSI, CLU, TEP, CIMA, FMA
National Best Selling Author
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Agenda
One hour to change your life
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A bit about me…
CA,CFP,CLU,TEP,FMA,CIMA,CIM,FCSI, Bachelor of Commerce (Honours), University of Manitoba. Past co-founder of the billion dollar investment advisory practice at a Big Four CA firm Wealth management course instructor, Ontario, BC and Manitoba CA Institutes for almost ten years. National media expert on finance to CBC, Toronto Star, Globe & Mail, National Post and many more. National best selling author on finance, seven books Chartered Accountant, specialized in tax Senior Financial Advisor, Manulife Securities Incorporated Insurance Agent, Manulife Securities Insurance Inc. Family CFO to more than 350 affluent Canadians and their families over the last 23 years
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50 Strategies in 50 Minutes
From two decades advising CEOs, business owners and senior executives to think differently about their finances.
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One
It’s about your goals.
Write them down and track results.
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Two
One business plan for your career and personal life.
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Three
The view from 20,000 feet.
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Four
You need a dashboard to know where you are
going – and if you are getting there.
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Five
Cadillac DI until you retire.
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Six
Financial fees:
Picking apples at the supermarket.
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Seven
Stop trusting financial advisors like they’re your doctor.
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Eight
No salary. Ever. That’s optimal tax planning now.
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Nine
Silos of disconnected advice means you, in your pajamas, Sunday night, hoping to figure out the right answer.
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Ten
How much real estate is too much?
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Eleven
When do you incorporate?
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Twelve
Mutual funds are for poor people.
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Thirteen
Spending like drunken sailors.
One reason why entrepreneurs are still working at age 65.
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Fourteen
What are you teaching a kid who is 30 and still living at home?
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Fifteen
Life insurance:
Too little at 40 and too much at 55.
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Sixteen
How commission based advisors may lead you to the wrong products – and conclusions.
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Seventeen
Debt free date.
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Eighteen
Two kinds of accountants.
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Nineteen
Financial evolution:
Are you driving a 20 year old car?
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Twenty
How much do you need to retire?
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Twenty one
Cottage time bomb.
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Twenty two
Will you have to change your Dad’s pants?
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Twenty three
Four types of investment advisors – and why your results may depend on which one you pick.
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Twenty four
TFSA strategy.
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Twenty five
How many corporations?
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Twenty six
Money in and out of your business – tracking it for success.
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Twenty seven
The wake up call at age 50 . . . .
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Twenty eight
The perfect storm.
Why 30 year olds are screwed.
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Twenty nine
Financially, how many children should you have?
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Thirty
Two products that should be illegal:
Home Buyer’s Plan and reverse mortgages.
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Thirty one
The realities of planning for up to 50 years of retirement.
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Thirty two
Universal life insurance vs. Term insurance – what I earn and why that matters.
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Thirty three
Everyone’s a shareholder of your corp!
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Thirty four
Linked notes, money market funds, labour funds, seg funds, wrap accounts, IPOs –
five fast ways to a smaller investment portfolio.
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Thirty five
Remarriage.
It’s about the kids.
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Thirty six
The checker board of Critical illness insurance.
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Thirty seven
16% pre-tax, 12% after tax.
14% pre-tax, 13% after tax.
Which do you prefer?
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Thirty eight
Kicking and screaming.
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Thirty nine
Swear word: DSC
Bigger swear word: 10% free switches
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Forty
November 30 is the most important tax date of the year.
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Forty one
A testamentary trust for Mom and Dad – yours and theirs.
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Forty two
RESP, in trust, formal trust – how to save for kids?
Pooled scholarship RESPs – check with the OSC on that one.
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Forty three
Read your Will out loud to your kids.
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Forty four
Home office hell.
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Forty five
Two Wills
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Forty six
Car leases almost never.
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Forty seven
Credentials fluff.
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Forty eight
Good debt, bad debt.
Say good-bye to helocs – only the bank wins.
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Forty nine
It’s not the same stock market.
What works now.
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Fifty
Are you in control?
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Thank you.
Take a handout containing Kurt’s most popular newsletters before you leave.
Sign up to receive Kurt’s free tax planning newsletters at www.kurtismycfo.com
Kurt’s books for sale at the website below.
www.kurtismycfo.com
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Disclaimers
Manulife Securities Incorporated is a Member of the Canadian Investor Protection Fund.
Insurance products and services are offered through Manulife Securities Insurance Inc. (a licensed life insurance agency and affiliate of Manulife Securities) by Manulife Securities Advisors licensed as life agents.
This publication contains opinions of the writer and may not reflect opinions of Manulife Securities Incorporated and Manulife Securities Insurance Inc. The information contained herein was obtained from sources believed to be reliable, but no representation, or warranty, express or implied, is made by the writer or Manulife Securities Incorporated and Manulife Securities Insurance Inc. or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities. The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional Advisors for advice based on your specific circumstances.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.