Financial Planning
What Is A Financial Planner?
A financial planner is a professional who helps individuals and families create plans for their money, including budgeting, investing, retirement planning and more based on the client’s current financial situation, future goals, and risk tolerance. They are equipped with knowledge about the best savings plans, investment options and insurance policies that fit your goals and needs.
The financial plan will outline strategies to save money, invest money wisely, and pay down debt. Financial planners also provide guidance on insurance needs and issue management. Financial planners are responsible for helping individuals and businesses make sound financial decisions. They provide analysis and advice on a variety of topics, including investment strategies, retirement planning, estate planning, insurance, and tax planning. Financial planners also help their clients monitor their progress and make necessary adjustments to their financial plans. |
The Benefits Of Working With A Financial Planner
There are many benefits of working with a financial planner.
A financial planner can help you develop a budget and make sure you are on track to reach your financial goals. They can also help you invest your money wisely and protect your assets. They can also provide valuable tax planning advice.
Financial planners are a great source for objective advice that is based on your individual needs. Your planner will serve as an unbiased third party when it comes to making decisions about your finances. This helps ensure that you are making the best decision for yourself and not influenced by any outside factors.
Financial planning is an important part of your overall financial health and should not be taken lightly. A certified financial planner can help you create a comprehensive plan that takes into account all of your needs, goals, and objectives. They will provide you with tailored advice suited to your unique situation so that you can reach your full potential financially.
A financial planner can help you develop a budget and make sure you are on track to reach your financial goals. They can also help you invest your money wisely and protect your assets. They can also provide valuable tax planning advice.
Financial planners are a great source for objective advice that is based on your individual needs. Your planner will serve as an unbiased third party when it comes to making decisions about your finances. This helps ensure that you are making the best decision for yourself and not influenced by any outside factors.
Financial planning is an important part of your overall financial health and should not be taken lightly. A certified financial planner can help you create a comprehensive plan that takes into account all of your needs, goals, and objectives. They will provide you with tailored advice suited to your unique situation so that you can reach your full potential financially.
Retirement Income Planning
In order for you to live your desired lifestyle throughout your retirement, it's important to determine how much income you're going to need.
Most people will have numerous sources of income in their retirement stage such as pension income, government program income, drawing from savings, drawing from investments, using equity from their real estate assets, etc.
Factors such as your current net worth (your assets compared to your liabilities), your current income level, your current age, the age you plan to retire and how long you expect to live will also play a part in determining the amount of income you'll potentially have available to you during retirement.
By combining all of this information together, we'll be able to paint a picture of what retirement looks like for you financially...and we can adjust as necessary to suit your needs.
Most people will have numerous sources of income in their retirement stage such as pension income, government program income, drawing from savings, drawing from investments, using equity from their real estate assets, etc.
Factors such as your current net worth (your assets compared to your liabilities), your current income level, your current age, the age you plan to retire and how long you expect to live will also play a part in determining the amount of income you'll potentially have available to you during retirement.
By combining all of this information together, we'll be able to paint a picture of what retirement looks like for you financially...and we can adjust as necessary to suit your needs.
Tax Planning
Darn taxes...one of life's only guarantees.
Because taxes directly affect the amount of money you are able to spend, it's important to structure your retirement income the right way to minimize tax exposure.
Different income sources are taxed differently so careful planning is needed to draw the right amount of income from the right sources to reduce the amount of income tax you'll have to pay.
Although we can't provide specific tax advice, we can help you understand how the different income sources are taxed.
Your Accountant would be the person to ask for income tax advice.
If you don't have an Accountant that you trust, we can provide a referral.
Because taxes directly affect the amount of money you are able to spend, it's important to structure your retirement income the right way to minimize tax exposure.
Different income sources are taxed differently so careful planning is needed to draw the right amount of income from the right sources to reduce the amount of income tax you'll have to pay.
Although we can't provide specific tax advice, we can help you understand how the different income sources are taxed.
Your Accountant would be the person to ask for income tax advice.
If you don't have an Accountant that you trust, we can provide a referral.
Estate Planning
Unfortunately, our time on earth is limited.
Estate planning is the process of making sure that your financial wishes are taken care of when you're no longer here.
Maybe you want to leave money to your loved ones, transfer assets to those you care about, donate money to your favorite charity or whatever else is important to you.
Your wishes need to be taken into consideration as part of your retirement plan.
A big part of estate planning, at least from the financial side of things can be combined with Insurance Planning because many people like to purchase insurance products to provide the funds to carry out their legacy as opposed to dipping into their retirement account(s).
Estate planning is the process of making sure that your financial wishes are taken care of when you're no longer here.
Maybe you want to leave money to your loved ones, transfer assets to those you care about, donate money to your favorite charity or whatever else is important to you.
Your wishes need to be taken into consideration as part of your retirement plan.
A big part of estate planning, at least from the financial side of things can be combined with Insurance Planning because many people like to purchase insurance products to provide the funds to carry out their legacy as opposed to dipping into their retirement account(s).