Iveta Koskina

BIOGRAPHY

Iveta Koskina is a Financial Planner with Investors Group. She is an experienced and respected financial advisor that strongly believes in the value of a Team Approach to financial planning. She holds a Philology Degree from the University of Latvia and a Degree from Pedagogical Institute of Latvia. In 2002 and 2003, Iveta was awarded Chairman’s Club, which recognizes the top 3% of Investors Group Consultants nationally, based on new business. With Iveta’s 12 years of experience and education, she brings a wealth of knowledge, professionalism and ethical standards to the table. Iveta is an enthusiastic, high energy individual that strives to educate her clients in various areas of financial planning, including Augmented Tax Deductions, Portfolio Management, Retirement Planning and Estate Planning and Preservation.

Awards and Recognition

Chairmen’s Club Qualifier; Toronto East Top Consultant award; Toronto East Region Leader Award

We all have goals, and our finances are often the key component in helping us realize them. That said, a "written financial plan" that is reviewed at least once per year is often of utmost importance in helping us gauge where we stand on the path to attaining our goals.

As your financial consultant, Iveta will holistically examine the six disciplines of financial planning.

Retirement Planning
Tax Planning
Investment Planning
Estate Planning
Cash Management
Insurance Planning

She guarantees a complete and thorough analysis and reporting of your current financial position and a written comprehensive strategic plan in each area of Financial Planning based on your financial and personal goals.

Awards and Recognition

Chairmen’s Club Qualifier; Toronto East Top Consultant award; Toronto East Region Leader Award

As your financial consultant, Iveta will holistically examine the six disciplines of financial planning.

 Retirement Planning

 Tax Planning

 Investment Planning

 Estate Planning

 Cash Management

 Insurance Planning

Investing for income –five fundamentals

A sound financial plan usually includes developing and maintaining a portfolio of investments that you will, at some point, tap into on a regular basis to cover living expenses or for some other ongoing need. That is most likely to occur after you retire but, depending on your unique financial needs, it could come earlier – so here are five fundamentals for getting the most from your investments.

1. Be realistic about whether or not your current investments will deliver an adequate level of income In retirement, your income will usually consist of amounts you’ll receive from the Canada Pension Plan, Old Age Security (CPP/OAS), private pension plan(s) and perhaps work income, plus draws from your investments. If you think your retirement expenses will be such that the income produced from your investments will be inadequate, you should revisit your portfolio and savings strategies now.

2. Verify that your income will last as long as you need it The level of income you draw from your investments should not completely deplete your savings while you still need them. The investments you choose will depend on your investment style and income needs.

3. As your expenses increase with inflation, your income needs will also change A portfolio that consists solely of fixed income investments, such as GICs, is unlikely to produce long-term growth above inflation. Growth in income comes from growth in assets. That’s why investing for income during a long retirement usually means including investments in diversified equity markets, depending on your comfort level with market risk.

4. Assess your need for income stability and how to achieve it Be mindful of the impact that constant withdrawals can have on your investments. If you need a high level of income stability, look at investments that deliver regular distributions – fixed income, real property, dividend paying securities – or products that provide a guaranteed monthly income, such as annuities.

5. Consider the tax impact on the income you draw Income from investments held within a TFSA are tax-free, while income from your other registered assets is fully taxable. For your other accounts, the tax on interest is generally higher than income from dividends or capital gains. The amount of your taxable retirement income may also trigger clawbacks of your OAS benefits. Look at investment structures that can provide more tax-advantaged income for non-registered accounts.

Planning to ensure you retirement income needs will be met can be complex. Your professional advisor can supply the expertise and vision you need to meet those needs.

Iveta Koskina

416-292-7229 x 244

416-804-0015

plan.live@yahoo.com

Plan it. Want it. Live it.