• Single person: $3,000
• Couple: $4,000
• Couple with Corporation: $5,000
• Additional complexity can add to these starting plan fees

Retainer:

• Ongoing annual Retainer fee: $1,500 to $2,500

Consulting:

• Consulting services provided on an hourly basis @ $275 per hour.
• Some services are only provided on an hourly basis.

Above fees do not include GST, which will be added to all fees. All fees are disclosed, discussed and agreed upon up front before the Letter of Engagement is signed.

“It was a pleasure to work with Ken Doll as a financial planner. It was money well spent to see how our investing over the years translated in to a retirement plan. It gave me the confidence to give my retirement notice. He responded to all our questions and explained everything to our satisfaction. He revised the plan several times until we were confident that the plan worked for us. He gave us other issues to consider in retirement beyond just having enough money as he knew our priorities and lifestyle. I have already passed on his name to friends.“

Marilyn and Ken Fox

The best way to appreciate the value of a financial plan is to see the results of one. Here is a recent financial plan I did:

Client thought he needed to work two more years before retiring, but with the financial plan this couple now sees that they have more than enough money to fund their current lifestyle for the remainder of their lives. The client promptly provided his retirement notice to his boss and will be retired this summer, two years earlier than expected.

This couple wanted to take their OAS at age 65, but it would be clawed back as soon as they take it. By restructuring how they draw their RRSPs, and by starting OAS at 68, we managed to defer any OAS claw back until age 91, and then only minimal claw back the last few years.

By determining the best time to begin their CPP and OAS they will receive an additional $60,000 and $125,000 respectively by age 95.

Showed them how with reallocating their retirement savings/income withdraws, they can increase their spending the first five years of retirement by an additional $60,000 per year for travel.

Financial benefit of this financial plan for the clients include:

• Lifetime tax reduced by $173,645
• Net lifetime financial benefit for this couple is $358,645

Cost of the financial plan for these clients was $4,500. (Well worth it, as the financial benefits of the plan far outweighs the cost of the plan.)

Each client’s financial situation is different, and results will vary from client to client.