Like most people, you have hopes and dreams and life goals for yourself and your family. These might include buying a home or business, saving for college education for your children, taking a dream vacation, reducing taxes, or retiring comfortably.
Financial planning is the process of wisely managing your finances so that you can achieve your dreams and goals, while at the same time helping you negotiate the financial barriers that inevitably arise in every stage of life.
Managing your personal finances can feel overwhelming. However, you don’t have to do it alone. A qualified financial planner, such as a CERTIFIED FINANCIAL PLANNER®, can help you make decisions that make the most of your financial resources.
Financial planning can help you:
set realistic financial and personal goals
assess your current financial health
develop a realistic, comprehensive plan to meet your financial goals
put your plan into action and monitor its progress
stay on track to meet changing goals, changing personal circumstances, changing stages of your life, changing products, changing markets and tax laws
Do you need the services of a financial planner?
How do you know if you could benefit from the services of a qualified financial planner? You may not have the expertise, the time, or the desire to actively plan and manage certain financial aspects of your life. You may want help getting started. You may benefit from an objective, third-party perspective on what are often emotional, difficult decisions. And in today’s hectic world, it can be beneficial just to have a financial expert looking over your shoulder to double-check your planning efforts and make sure you stay focused and follow through with your financial plans.
When should you speak with a financial planner?
Often a specific event or need will trigger the desire for professional financial planning guidance. These might include:
saving enough for retirement, or rolling over a pension, or severance package
handling the inheritance of a large sum of money or other unexpected financial windfall
preparing for a marriage or divorce
planning for the birth or adoption of a child
facing a financial crisis such as a serious illness, layoff, or natural disaster
caring for aging parents or a disabled child
coping financially with the death of a spouse or close family member
buying, selling, or passing on a family business
What Can a Financial Planner Offer You?
portfolio and pension analysis
portfolio and asset allocation
education savings plans
disability savings plans
evaluation of retirement needs
pensions and government benefits
income splitting strategies
insurance needs analysis
Cash Flow Management
cash flow analysis and projections
mortgage and debt analysis
RRSP & investment loans
evaluating wills and POAs
tax-efficient asset transfers
planned giving strategies
transition and executor assistance
integrated financial strategies
tax minimization strategies
business tax strategies
business protection & succession
action plans and specialized reports
* Thanks to the support of a dynamic team and the assistance of financial service-related experts, I am able to offer you a full range of services and advice on tax and legal issues that will benefit your financial security situation.
For more information about working with an advisor, please read more here!