Retirement Counsel also offers financial calculators that shows what the deposits will accumulate to. Our primary aim is to be a partner in building and managing wealth. We do this through financial planning education, and implementing financial strategies. Our fees are really dependent upon the individuals situation, but some companies hire us on a fee basis to teach their financial planning issues. Some individuals pay us on a fee basis to do financial planning and manage their investments.
Specific pricing is related to the evaluation of the the actual circumstances.
Because you are not restricted in the type of investments you can make within an RRSP other than foreign content restriction which can generally be worked around or worked with. You can use clone funds or you can use other hedging strategies on individual strategies. What I would suggest is if this person has had a major loss of their nest-egg is to meet with a financial planner, save well, and invest with the right asset allocation. I believe taking a number is a very dangerous way of financial planning is completely illogical. What someone needs to do is determine what their financial requirements are and to prepare a financial plan which will tell specifically what they need in their retirement years.