An advisor can help you determine where you are today financially and where you want to go. An advisor can provide you guidance on how to reach your short, medium and long term financial goals.
Now that we are nearing year end, it’s a good time to review your finances. 2018 saw a number of major changes to tax legislation come in force and more will apply in 2019, therefore you should consider available opportunities and planning strategies prior to year-end.
There are so many options designed to help you to use a portion of your estate to benefit a good cause when you pass away. The estate planning process helps you to ensure that your estate is distributed as per your wishes and in the most tax efficient way as possible, but legacy planning goes further than this and aims to involve your family and loved ones in your plans to make a difference according to your personal values. The input of your family in this process should not be underestimated – they play a critical part in supporting the process to make your wishes become reality, so be sure to share your thoughts and intentions with them in good time.
Whilst the management of your finances is a personal and highly individualized area, it is equally important to recognize the benefits of recruiting a balanced team of individuals, including both financial professionals and loved ones, to support you in the ongoing and ever-changing dynamics of your finances. Your financial advisor should act as the manager or co-ordinator of this group and should also support you in choosing which of the roles below may or may not benefit you, depending on your circumstances.
Post-secondary education can be expensive, however having the opportunity to plan for it helps with making sure that you’re capable to meet the costs of education. In addition, when you have a plan, it’s easer to make financial decisions that align with your goals and provide peace of mind. We outline 7 sources of funds for paying for post-secondary education:
Registered Education Savings Plan
Tax Free Savings Account
Scholarships, grants, bursaries
Personal Loans, Lines of Credit
Government Student Loan
Major changes are coming to life insurance, if you’re looking to apply for life insurance or review your insurance needs, this is the best time to do it. The last significant changes made to life insurance were in 1982.
Sit down with us to do a review prior to the changes coming into affect.