Raising children and building for the future

TD WealthClient Stories › Building for the future

Raising children and
building for the future


Deborah and Gregory have been married
for 10 years and have two young children,
Catherine and Jake.*


Building for
the future
 
 


Having children

When our kids were born, our whole perspective changed. All of a sudden, the most important thing in the world was to make sure they would have everything they needed, including a good education.
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How TD Helped

 
 


 

Education and estate
planning

We had no idea that we could get up to $7,200 from the Canadian government for each child’s education, just by contributing to an RESP. Our advisor recommended a family RESP for maximum flexibility so if one of our children decided not to attend post-secondary education, we could pass all of the savings to our other child. She also encouraged us to update our wills and think about life insurance to protect the kids in case something happened to us.
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How TD Helped

 
 

Moving into a larger home

We needed more space for our family, but we weren’t sure how the extra cost might affect our other important goals, like vacation planning or saving for a new car.
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How TD Helped

 
 
 

Financial planning

When we told our advisor that we were thinking of moving, she referred back to our plan and updated it, based on what we were earning now and what a bigger home was likely to cost us. By modifying some of our vacation plans, our advisor showed us how we could afford our larger dream home. We were thrilled!
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How TD Helped

 


 
 

Managing an inheritance

My grandmother had lived a wonderful life – and we were truly blessed that she remembered us in her will.

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How TD Helped

 
 


Honouring a gift

My grandmother left us $110,000 — more money than we knew what to do with. Our advisor revisited our plan and together we decided to pay off our line of credit and make a principal payment towards our mortgage. We wanted to invest the rest, but weren’t sure how to get started. Our advisor recommended we top up our TFSA investment account holdings to their limits. That way if we ever need extra money we could withdraw it without paying any taxes.
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How TD Helped

 
 

Planning for retirement

When my dad retired, I realized how long and hard he’d worked to save for it. It made me really think about our own plans for the future.

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How TD Helped

 
 
 

Retirement planning

We didn’t even know where to start, but our advisor put our minds at ease and helped us figure it out. With our input, she developed a retirement target date and a plan to get us there by taking into consideration all of our retirement income streams. We chose a conservative investment mix where we felt confident that we could live the life we envisioned when we retire.
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How TD Helped

 

* Not real customers. Composite created for illustration only.

What makes working with TD Wealth unique is the long-term relationship you’ll build with your advisor – one based on a deep understanding of you, your family and your vision of success.

Approaching retirement, Dominique needed advice on how to support her children and lay the foundation for the retirement lifestyle she envisioned.

Call 1-800-577-9594 or find an advisor in your area.