BMO Nesbitt Burns
4881 Yonge Street
9th Floor, PO Box 37
BMO Nesbitt Burns
6468 Yonge Street
North York, ON
When to Review Your Financial Plan
Once you have implemented your financial plan, there’s still work to be done. First, you’ll want to periodically check your progress to make sure you are still on track to reach your goals. Secondly, certain situations and events require that you revisit and, possibly, revise your plan.
Plan for periodic reviews
You should plan to review your progress annually, checking to see if you are making progress towards your goals. If you find that you are not on track, you’ll need to fine-tune your plan where necessary.
Revise your plan when...
Changes to your circumstances –– a career change, retirement, the sale of a business or significant asset, or the receipt of an inheritance, will require that you revisit your financial plan. In addition, life events such as marriage, divorce, arrival of children and the death of a close family member also will affect your plan. And legislative and tax changes can have an impact. Finally, you may change your objectives over the years.
At every step along the way, I can help you keep your financial plan current and in keeping with your changing circumstances and goals. To arrange for an annual review of your financial plan, please Contact me directly: Alex Kastanis (416) 224-2250
Reduce Your Personal Taxes
Preparing your income tax return can be stressful and time consuming, but there are tactics that can help reduce the amount of tax you pay:
What can a financial plan do for you? Provide a roadmap to achieve financial goals such as:
Advocis (the Canadian Association of Financial Planners) recommends six key steps to the financial planning process.
Our sophisticated planning software makes it easy to follow the Advocis recommendations. We can develop a systematic plan designed specifically for you. Your plan will have clearly defined goals, achievable steps and appropriate benchmarks. Note that purchase of financial products comes late in the process and investment vehicles will only be chosen if they can contribute to your goals.
Your next step
If you’d like to start working towards your financial goals with a properly designed financial plan, please contact me directly. Remember, the earlier we can begin the process, the easier it will be to achieve your goals.
For more information please Contact me directly: Alex Kastanis (416) 224-2250
The comments contained herein are not intended to be a definitive analysis of tax or estate law, and are general in nature. Professional advice regarding an individual's particular tax position should be obtained