Laying a solid foundation for your financial plan
To be effective, you want a financial plan that takes you from where you are today to where you want to be.
Where you are today
your current financial position is the first of six key steps in the
financial planning process. That means looking at your current
investments, savings, assets and liabilities. To help you with this
process I can provide you with a series of questionnaires. Keep in mind
that it is always important to capture the most current information.
Outdated information can lead to incorrect conclusions.
Where you want to be
get a clear picture of your financial destination you need to identify
measurable financial goals and objectives. For example, stating that you
want to retire at age 65 and spend 75% of current expenses is more
meaningful than saying that you want to retire early. With an
understanding of your current financial position and future destination,
I can give you a more detailed analysis of what needs to be done to
reach your goal. In addition, with measurable goals, you'll find it
easier to track your progress.
The next step
can help you with all aspects of financial planning. To begin the
process, please contact me directly. Remember, the sooner you can get
started, the closer you will be towards reaching your goals.
The six key steps for financial planning success
What can a financial plan do for you? Provide a roadmap to achieve financial goals such as:
- Providing for post-secondary education
- Ensuring your family’s financial security
- Building wealth
- Minimizing taxes
- Saving for retirement
- Leaving an estate for your heirs