Financial Planning Analysis

Financial planning is much like building a house. Before you can begin the construction process, you need to develop a blueprint. Similarly, a comprehensive plan is necessary if you are to reach your financial goals.

Necessary steps to consider in this process include:

• Where are you now?
• Where do you want to be?
• How will you get there?
• When will you get there?

A good financial plan must appraise the following:

Cash – How much is necessary for every day living?
Income – How much is earned? Where is it coming from? How is it being spent?
Insurance – Is there enough to protect my family, myself, my estate?
Investments – What do I have? What do I need to achieve my goals? (RRSP’s, GIC’s, Mutual Funds, Segregated Funds, RESP’s, Bonds)
Risks – What is a comfortable level of risk for me?
Retirement – When do I want to retire? What will I want to do during my retirement?

Goals change over time and circumstance, but there are some which remain constant: Retirement planning, business succession, protecting yourself and your family in the event of death, disability or critical illness, education fund planning, debt resolution, and income tax strategies.

We will walk through this process with you and provide a comprehensive plan that is right for your unique situation.