Determining the right amount to save for retirement depends on various factors, including your current age, desired retirement age, lifestyle goals, and anticipated expenses. Luminus Financial offers retirement planning tools and consultations with our experts to help you assess your unique retirement needs and set realistic savings goals. Check out our handy Retirement Calculator to get started.
At Luminus Financial, we provide a range of investment options designed to align with your unique risk tolerance and financial goals. Whether you prefer the security of GICs, the tax advantages of RRSPs, or the growth potential of Investment Shares, our offerings empower you to tailor your investments to meet your specific needs. The first step would be to book an appointment with a specialist on our Member Relations Team who can help you choose the right product and plan to suit your lifestyle and goals.
Fees vary depending on the specific investment product. Some products, like TFSAs, may have no fees, while others, such as GICs, may have nominal fees. It's important to review the terms and conditions of each investment product. See a list of our fees by product here.
Luminus Financial provides convenient online tools and resources for monitoring and managing your investments. You can access account information, track performance, and make transactions through our secure online banking platform.
Luminus Financial provides personalized support for retirement planning, including RRSPs and RRIFs. Our financial experts can guide you in creating a comprehensive retirement strategy tailored to your unique needs.
Getting started is easy. You can visit our website to explore product details, contact our financial advisors for personalized assistance, or visit one of our branches to open an investment account. We're here to help you achieve your financial goals.
For registered products including, LIRA, LIF, RRSP, RRIF, RESP, and TFSA:
Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). At Luminus Financial, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits in all registered accounts with Ontario Credit Unions have unlimited deposit insurance coverage through the Financial Services Regulatory Authority (FSRA).
For other eligible deposits:
Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). At Luminus Financial, eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) with Ontario Credit Unions are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
For more information about deposit insurance, view the FSRA Deposit Insurance Brochure.
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