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The Money Café _ Riyad Mohammed Article Archives

Retire-Rite Lifestyle Solution™ - A New Era In Canadian Retirement Planning

Thirty-two (32) years ago; financial advisors like myself were trained to view or approach retirement planning as creating a comprehensive financial plan with a specific monetary target and to ensure; our client’s retirement portfolios were designed to provide multiple streams of income; via a wide array of income sources. Today; those principles are still valid; however, instead of only 1 or 2 investment options; we now have literally hundreds of investment opportunities...


As much as a future capitalized account (factored for inflation) is critical; over the last 30 years; retirement planning has morphed to include a refined pathway; yes; we need the collateralized nest egg, but we are now trained to go one step further and focus on the ‘lifestyle our clients’ would like to enjoy; during their golden years. Lifestyle choices such as travel, vacation property, small business...


One of my clients Mary is 86 yrs. old today; however, her story started as she approached her 65th birthday in 1998. Mary had been patiently waiting on her 65th birthday; the last day she would have shown up to work; but more excitingly; it would have been the time for Mary to pack her suitcases, as she was about to kick off a travel tour; where she would visit 25 countries on her bucket list.


Mary was so focused on her retirement lifestyle; she never stopped to think of the amount of money she would need to accomplish her goal; of course, she had me to remind her as she knew I had a specific investment account set up to fund her travelling aspirations.


One of my all-time excellent writers is Stephen Covey; who wrote in his bestseller; ‘7 Habits of Highly Effective People', that Habit #2 was to; ‘begin with the end in mind’. 


Whether Mary was a highly effective person or not; was not the issue; she had me for that; so, I began Mary’s journey 30 years ago; with a specific end in mind; worldwide travel to 25 countries.


The cost of this expedition required a non-registered account with $100,000 CDN; may be higher if she decided to go on a spending spree across Europe and or Asia-Pacific. However; any purchases over and above her $100,000 travel account; was 100% up to her; however; regardless of Mary’s impulse to shop; we ensured she would be okay. How?


We had a separate account intentionally labelled to fund her life-long goal; you see communication is the most important function of a financial advisor-client relationship; I’ve managed her investments for over 30 years; during that time, I got to know Mary very well and the minute I concluded she had the ‘potential to be impulsive and go on a shopping spree; I began diverting assets into a sub-account; labelled ‘Mary’s Impulsive Shopping Account’; it worked 😊.


Mary’s Profile: Unfortunately; Mary’s late husband passed away in 1988; thankfully, his Life Insurance policy paid off their mortgage on the family home; they had no children; or real beneficiaries (except her church) so, without anyone specifically to leave money to; Mary decided to live her golden years at her fullest and I supported her 200%!


Issue: It was now late 1997/early 1998; we had just witnessed a major correction triggered by the Asian market crash; for some of you who were old enough to remember; we suffered one of the most significant and devastating market pull-backs and corrections Canada had ever seen. During this period; we saw ten (10) years of portfolio growth disappear literally overnight and if your investments were in stocks, bonds or mutual funds; you were in trouble; especially, if you needed your funds to live on! 


Why? The minute you liquidate or cash-out your investments you’re denying the portfolios ability to recover any incurred ‘paper losses 


Vital Tip: Never liquidate an appreciating asset to provide funds for no real reason. (Reach Out to Me and We’ll Discuss).


Mary was in trouble; her life-long travel plan was about to blow up in her face and I couldn’t even fathom the psychological negativity of a blow-up of this magnitude. However; Mary had an ace up her sleeve; it was called her trusted financial advisor and she knew; I would have come up with a painless solution; which I did.


Our backup Plan: Today, it’s called; Retire-Rite Lifestyle Solution™; one of the features of my strategy is to access alternative funds without touching deflated investment accounts; by doing so, you’re giving them ample time to recover. With the 1997-1998 market correction; it took almost 3.5 years to recover and regain parity. 


To fully understand how our strategy works; book a consult with me; either via email (riyadm@themoneycafe.ca ) or submit an Inquiry Form on our website; www.retire-rite.ca . 


Do us a favour; hop on over to our Facebook page www.facebook.com/retireritelifestylesolutions and check out our articles; read our blogs, then like, comment and leave a note.


Conclusion: I was able to help Mary secure a $200,000 cash advance (tax-free); so, it didn’t affect CPP or OAS Clawback; the advance did not require servicing; nor did we have a repayment timeline. 


Instead, Mary was able to go on her travel tour; 100% Stress and Worry-Free, as she knew, not only did she have access to $200,000; she now had the luxury to wait on the Stock Market to fully recover; WITHOUT triggering a penny of losses. For more information; or to discuss RRLS; contact me via riyadm@themoneycafe.ca.

  • Disclaimer: COVID ALERT! Effective Immediately In Adherence to The No-Contact/Safe Distance Policy of The Canadian Government/Department of Health and Due to The Severity and Longevity Of COVID-19; We're Promoting and Marketing the Distribution of Financial Services Via Our Licensed Life Insurance & Investment Partners; Virtually.  (As Of March, 15th 2020...)
  • OUR PORTAL IS DEDICATED TO PROVIDING THE CANADIAN PUBLIC WITH PURE, UNBIASED FINANCIAL EDUCATION & TO INCREASE THEIR FINANCIAL LITERACY! 
  • We Will Highlight the REQUIRED Financial Service and/or Need Via a Range of Product Categories, But Leave the Compliance, Company/Product's Recommendation to Riyad K Mohammed A 32-Year Licensed Financial Advisor/Insurance/Investment Broker.
  • The Money Café™ Is NOT Involved in ANY Discussions BEYOND the Scope of Introducing Riyad And His Team to A Potential Client and Or Visitors. However, We are Encouraging Visitors to Use Our Online Forms to Submit an Inquiry for Service and Or to Book an Appointment Directly with Riyad And His Team. 
  • Mission Statement: The Money Café™ Is an Online Financial Education & Literacy-Based Canadian Corporation. Our Web-Platform; www.themoneycafe.ca and www.retire-rite.ca Fulfill Our Premier Objective, Which Is Focused On ‘Elevating The Financial Intelligence Quotient In ALL Canadians’. 
  • The Money Café™ Is NOT LICENSED To ‘Sell’ Or ‘Market’ Any Financial Services (Nor Do We Want To) As the Fundamental Rationale Behind This Executive Decision Is for The Financial Planning/Wealth Management to Be Controlled and Monitored By Riyad K Mohammed (And His Team); Licensed Life Insurance & Investment Advisors/Brokers.
  • Our Tools and Support Services Do Not Require Licensing, As Were Working with Non-Product Recommendation (Calculations) Financial Software, Budget/Cash Flow Calculators, Excel Spreadsheets and Analytical Forms, Which Are Required to Collect Data In Order To Generate Unbiased Results Such As A Proposed Course Of Action. 
  • The Money Café Is Also Proud to Launch Its Retire-Rite Lifestyle Solution™ (RRLS™); A Niche Product Developed by Its Founder Riyad K Mohammed...
  • The Money Cafe Is Also Proud to Launch SERP-MAX-65™; an elite strategy for High Income Earners to; a) Reduce Their Taxable Income; b) Boost Their Retirement Savings and c) Create an Estate for Their Families...
  • The Money Café™ Is NOT LIABLE NOR RESPONSIBLE For ANY OUTSIDE BUSINESS ACTIVITY, Conducted By A LICENSED Advisor. As An Example, If A Member/Visitor Purchases Life Insurance, Or Investment Funds Or Conducts A Real Estate Transaction; That TRANSACTIONIs BEYOND the scope or jurisdiction of THE MONEY CAFE™! 
  • Our Secondary Objective Is to Connect and Or Recommend Financially Focused Professionals (FFP) With Potential Financially Focused Consumers, (FFC) IF THEY (Consumers) REQUIRE Additional Advice or Would Like To Be Seen By An Advisor, On A One-On-One Basis. Our Goal Is to Educate Consumers to The Point Where They Are Self-Sufficient (Financial Education) Or Better Known As An FFC.
  • We Prefer Our FFC Members to Initiate the Request for Service Via Our Online Forms; However, Riyad And His Team Reserves the Right To Contact Our Members And Visitors. The Money Cafe’s™ Mandate Of ‘Elevating The Financial Intelligence Quotient In All Canadians’ Is Front And Center And The Star Of Our Platform And Will Be The Primary Focus Of All Our Member (Professionals And Consumers) Alignment. 
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