Retirement—those years envisioned as a period of rest, adventure, and well-deserved rewards. To achieve a smooth and certain transition to this phase, a steadfast partner is essential. At Theodor Hennessey & Ross, our philosophy is straightforward: your financial plan deserves the utmost care and attention.
Retirement planning that grows alongside you
Retirement isn’t a one-time decision; it’s a lifelong commitment to your future. That’s why our team collaborates with you to create a plan that adapts as you progress through different life stages. Your goals and aspirations may change, and unexpected circumstances can arise at any moment. Having a team who’s prepared to adapt alongside you ensures that your retirement plan remains perfectly tailored to your life, regardless of where it takes you.
We don’t simply provide you with a collection of neatly organized charts and call it a day. We remain committed to your success, continuously adjusting, improving, and strategizing. Whether it involves updating your investment strategies as you transition through different life phases or assisting in minimizing tax implications when you begin withdrawing from your hard-earned savings, our team ensures that your plan flourishes and achieves its full potential.
Goals-based retirement planning—built around your dreams
Retirement planning should be about preparing to live the life you’ve dreamed of, whether that’s seeing the world (or even just the GTA), spoiling your grandkids, buying that Muskoka cabin you’ve always dreamed of, or investing in causes that matter to you. To achieve that, the planning can’t be generic. It has to fit your lifestyle, your ambitions, and the financial resources you’ve worked so hard to build.
We start by taking a deep look at where you are today and where you want to be. Income sources like RRIFs, pensions, rental income—we look at them all. We connect these sources with your spending goals, whether you’re dreaming about vacations across the globe or supporting the next generation in buying their first home. It’s not about us telling you what you can afford; it’s about us making your resources align with your goals.
Decumulation—making your savings work for you
You've spent years accumulating wealth—now it's time to make it work for you. But the transition from accumulating to decumulating—that is, from saving to spending—requires careful attention. Which accounts should you tap into first? Should you delay your pensions to increase payouts later? How do you balance maintaining an estate for your heirs with enjoying your hard-earned wealth today?
We help you answer those questions, crafting a decumulation strategy that considers your income needs, minimizes taxes, and ensures you can enjoy your retirement while keeping your legacy intact. Your retirement should feel like a time of abundance, not scarcity—and we’re here to make sure every choice you make supports that vision.
Tax efficiency—keeping more for yourself
One of the biggest threats to your retirement income is taxes. Letting taxes eat away at your wealth isn’t an option. At Theodor Hennessey & Ross, we look at every aspect of your finances to create a tax-efficient strategy that keeps more of your money where it belongs—supporting your lifestyle.
This means looking at the order in which you draw from your different accounts, finding ways to split income, and ensuring you're making the most of the available tax credits and deductions.
Investment management—growing and protecting your wealth
Retirement doesn’t mean stepping away from investing. Your money still needs to work for you, growing to keep pace with inflation and ensuring that your income lasts as long as you do. At Theodor Hennessey & Ross, we design investment portfolios that balance growth with stability—aligning with your risk tolerance and your goals for retirement.