kurt rosentreter essential financial strategies presentation

FINANCIAL STRATEGY FOR ENTREPRENEURS

KURT ROSENTRETER, MANULIFE SECURITIES INCORPORATEDCA, CFP, FCSI, CLU, TEP, CIMA, FMA

National Best Selling Author

Agenda

One hour to change your life

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

50 Strategies in 50 Minutes

From two decades advising CEOs, business owners and senior executives to think differently about their finances.

One

It’s about your goals.

Write them down and track results.

Two

One business plan for your career and personal life.

Three

The view from 20,000 feet.

Four

You need a dashboard to know where you are

going – and if you are getting there.

Five

Cadillac DI until you retire.

Six

Financial fees:

Picking apples at the supermarket.

Seven

Stop trusting financial advisors like they’re your doctor.

Eight

No salary. Ever. That’s optimal tax planning now.

Nine

Silos of disconnected advice means you, in your pajamas, Sunday night, hoping to figure out the right answer.

Ten

How much real estate is too much?

Eleven

When do you incorporate?

Twelve

Mutual funds are for poor people.

Thirteen

Spending like drunken sailors.

One reason why entrepreneurs are still working at age 65.

Fourteen

What are you teaching a kid who is 30 and still living at home?

Fifteen

Life insurance:

Too little at 40 and too much at 55.

Sixteen

How commission based advisors may lead you to the wrong products – and conclusions.

Seventeen

Debt free date.

Eighteen

Two kinds of accountants.

Nineteen

Financial evolution:

Are you driving a 20 year old car?

Twenty

How much do you need to retire?

Twenty one

Cottage time bomb.

Twenty two

Will you have to change your Dad’s pants?

Twenty three

Four types of investment advisors – and why your results may depend on which one you pick.

Twenty four

TFSA strategy.

Twenty five

How many corporations?

Twenty six

Money in and out of your business – tracking it for success.

Twenty seven

The wake up call at age 50 . . . .

Twenty eight

The perfect storm.

Why 30 year olds are screwed.

Twenty nine

Financially, how many children should you have?

Thirty

Two products that should be illegal:

Home Buyer’s Plan and reverse mortgages.

Thirty one

The realities of planning for up to 50 years of retirement.

Thirty two

Universal life insurance vs. Term insurance – what I earn and why that matters.

Thirty three

Everyone’s a shareholder of your corp!

Thirty four

Linked notes, money market funds, labour funds, seg funds, wrap accounts, IPOs –

five fast ways to a smaller investment portfolio.

Thirty five

Remarriage.

It’s about the kids.

Thirty six

The checker board of Critical illness insurance.

Thirty seven

16% pre-tax, 12% after tax.

14% pre-tax, 13% after tax.

Which do you prefer?

Thirty eight

Kicking and screaming.

Thirty nine

Swear word: DSC

Bigger swear word: 10% free switches

Forty

November 30 is the most important tax date of the year.

Forty one

A testamentary trust for Mom and Dad – yours and theirs.

Forty two

RESP, in trust, formal trust – how to save for kids?

Pooled scholarship RESPs – check with the OSC on that one.

Forty three

Read your Will out loud to your kids.

Forty four

Home office hell.

Forty five

Two Wills

Forty six

Car leases almost never.

Forty seven

Credentials fluff.

Forty eight

Good debt, bad debt.

Say good-bye to helocs – only the bank wins.

Forty nine

It’s not the same stock market.

What works now.

Fifty

Are you in control?

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

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.