For the conservative investor -
GICs, Annuities, Segregated Fund, and Guaranteed Investments in Nanaimo.

Michael Gill Wealth Management

Welcome to Michael Gill Wealth Management, where since 1994 we have strived to provide you, the conservative investor, with prudent advice.

This means helping you enjoy better guaranteed returns on your savings, providing guidance towards the safe growth and protection of your long term capital, and advising on sensible strategies so you enjoy a lifetime of guaranteed income.

Rest assured that we understand the importance of exercising good judgment and common sense in the management of your money. This is why we focus on conservative investments - all backed by important guarantees to ensure your peace of mind.

To better understand how we may be able to help you safely reach your financial goals please CONTACT US today.

 

3 Strategies of Successful GIC Investors in Nanaimo

Albert Einstein once stated "The most powerful force in the universe is compound interest". Here are 3 strategies that will help you harness that force, and safely make your GIC investing more profitable.

First, start taking advantage of premium 'better than retail' rates, through the GIC advisory services of Michael Gill Wealth Management, on all your guaranteed deposits.

Next, start laddering your GIC investments. This simply means investing your money in equal amounts over terms of one to five years. You will take the guess work out of knowing where interest rates are headed, benefit from better returns paid on longer term deposits, and reduce the overall impact of annual interest rate changes on your GIC portfolio.

Finally, be aware of these 3 distinct features that set insurance company GICs apart - the ability to name a beneficiary, the potential to limit liability for business owners and professionals, and pension income tax credit and pension income splitting opportunities.

GIC Insider

Through our special relationships with many of Canada's leading banks, credit unions and insurance companies you can enjoy premium 'better than retail' rates on all your guaranteed deposits. Call us today.

Prudent Growth

It's ironic that we insure so many things in our life, yet we fail to protect one of our biggest assets, specifically our long term growth investments. We insure our life, our home, even our travel arrangements. Yet we blindly leave ourselves vulnerable to the loss of our personal financial wealth.

For conservative investors pursuing a long term growth strategy though stock market investments there is a more prudent way to invest. Using Segregated Funds offered through a Canadian insurance company you can put in place valuable safeguards.

This includes, with some limitations and exceptions, two types of guarantees - a guarantee at maturity (75% of your initial investment after 10 years), and a guarantee at death (100% of the amounts invested).

You may also be eligible to increase your maturity and death benefit guarantees during periods of market growth through valuable reset options. Plus Segregated Funds offer you attractive creditor protection and estate planning features, including probate bypass opportunities.

Safeguard Your Investments

Segregated Funds can help you maximize your long term growth potential and limit your risks. Conservative investors will find the maturity and death benefit guarantees, reset options, plus important creditor protection and estate planning features especially attractive.

Long Term GICs in Nanaimo

GICs or Guaranteed Investment Certificates have quietly over the years, and without much fanfare, formed the foundation of many Canadians financial wealth.

While they do not garner the attention, or provide the allure of stock market based investments, they do provide something else that conservative minded investors will find attractive.

Namely, GICs will provide you a secure, fully insured (to specified limits) investment that is easy to understand and manage. Best of all, you'll never need to worry about the tumultuous stock market.
 
You will know exactly upfront what to expect. This includes the rate of interest you will receive, how often your interest will compound or be paid out, the length of time you will be invested, and what your value will be on maturity.

Your Choice For A Better GIC

A GIC is a GIC, right ? Well not exactly! If you are buying GICs from most retail financial institutions, then you are probably not getting as much interest as you deserve. Find out how a deposit broker can help you choose the right GIC for you!

Short Term Savings in Nanaimo

In the past you really had few attractive investment options for your short term savings. Especially, when it came to earning a competitive rate of interest on your money.
 
Fortunately this changed with the introduction of High-Interest Savings Accounts. Now you can earn a high rate of interest, on every dollar you deposit, that is comparable or better than most financial institutions 1 year retail GIC rate.

Plus, you will always enjoy easy access to your money, through a wide variety of options including internet and telephone banking - since your money is never locked in.

It's an ideal way to safely save for an assortment of reasons; including funds for a rainy day, house down payment, a vacation, or simply a place to park your money until you decide what to do longer term.

Save Smarter

Compliment your existing banking arrangements with a High-Interest Savings Account. Rest easy knowing your savings are earning a competitive rate of interest, your deposit is guaranteed, and you have access to your money when you want it.

Retirement Income in Nanaimo

How you turn your accumulated assets into a form of retirement income requires careful consideration and sound judgment.

Make the wrong decisions and you could be vulnerable to not just a loss of capital, but ultimately to a significantly reduced income for the rest of your life.

To ensure your retirement income assets are invested properly requires a thorough understanding of your personal situation, including all your current and projected sources of guaranteed income, and your present and future expenses. Your personal investments can be used to fill any gap in your income needs, plus fund additional lifestyle expenditures.

Since you are a conservative investor, you will find guaranteed investments, such as GICs, Segregated Funds, and Annuities all suitable options in the design of your retirement income strategy.

Worry Free Income

Conservative investors will find comfort in a retirement income strategy focused on guaranteed investments. Contact us to learn how you can start enjoying a sustainable worry-free income in retirement.

Is an Annuity Right for You?

If you are a conservative investor seeking income in the later stages of life, typically 70 plus, you will find the significantly higher guaranteed income of a life annuity, and the peace of mind you will never run out of money, especially attractive.

You can start using the increased income right now to enhance your present lifestyle, and stop worrying of investing in volatile markets, or struggling to get by on the low rates being paid on savings.

You may also find the guaranteed payments of a life annuity helpful to meet future obligations, such as nursing home costs. This is especially important when you need certainty of income, and you have limited sources of guaranteed pension income.

The life annuity can be purchased with either registered or non-registered proceeds. It can be held individually or jointly with your spouse, and you can select important payment guarantee periods to protect your beneficiaries. Equally important, a life annuity will provide you with simplicity and ease of management in your later years.

Retirement Income Made Easy in Nanaimo

A life annuity takes the guesswork out of retirement income planning. No matter what happens to the markets or interest rates, you do not have to worry about making investment decisions or risk outliving your savings.

Tax-Free Savings Accounts for Canadians in Nanaimo

The Tax Free Savings Account is quickly becoming the preferred way for Canadians to save.

The attraction of a Tax-Free Savings Account or TFSA is in the name: tax-free. They are also simple. Here are three things you should know about TFSAs.

  1. You can contribute $5000 per year from age 18 onward, and carry forward any unused room.
  2. You get no tax deduction for making a contribution, as you do with an RRSP, but your savings or investment gains are not taxable.
  3. You can invest in a wide range of conservative investments including high-interest savings accounts, GICs, and Segregated Funds.

Pay No Tax

Your money grows faster when it grows tax free. Invest in a Tax-Free Savings Account and you will pay no tax. Contact us today to learn more.

Contact Us

For conservative minded investors seeking our assistance and all valued clients here is how to get in touch with us.

By Phone / Fax

Telephone: (250) 753.2101
Toll-Free: 1.877.753.2101
Fax: (250) 753.2339

By Mail / Visit Us

Office Address:

Michael Gill Wealth Management
1605 Bowen Road
Nanaimo, British Columbia
V9S 1G5


MAP to Michael Gill Wealth Management - Nanaimo

*Appointments appreciated

Business Hours
Monday to Friday
8:30am to 4:30pm

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