John Smith is a 42-year-old self-employed electrician.
He attended our recent webinar on pension funds, and remembered that he had a locked-in pension plan from a past employer at a casino.
John discovered that he had about $65,000 sitting in a complicated product that was costing him nearly 5% in annual management expenses.
To make matters worse, his account value hadn’t grown much in the past 10 years (~2.5% per year growth after fees).
John decided to transfer the funds out of the pension plan and into a
Locked-in Retirement Account (LIRA) with OZ Capital MIC.
John will now see his account grow by over $6,000 in the first year, at the targeted 9% return.
By the time John retires at age 65 (23 years from now), this account will have grown to $511,150.14, generating over $440,000 of interest income.
For more information on how to invest with OZ Capital MIC, please book a call with our National Sales Director Denis Rudenko.
Download the full case study here.
DISCLAIMER: The example presented herein is for illustrative purposes only and is not, under any circumstance, to be construed as an invitation to invest in the OZ Capital MIC. Any offering is made only pursuant to the relevant offering documents and the relevant subscription agreements, all of which should be read in their entirety. No securities regulatory authority of any jurisdiction, including the Ontario Securities Commission, has opined upon the accuracy or adequacy of the material herein, and any representation to the contrary is unlawful. No content is to be construed as legal, financial or tax advice. Each individual should contact his or her own legal advisor, independent financial advisor, or tax advisor for legal, financial, or tax advice.
Introductions are permitted exclusively through registered exempt market dealers. OZ Capital MIC has appointed Belco Private Capital Inc. (”Belco”), as its exempt market dealer.
If you are an individual interested in investing in the OZ Capital MIC, please contact Denis Rudenko, registered dealing representative with Belco, at denis@belcopc.com.
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