HOW WE WORK

Helping clients achieve their goals takes careful planning. Developing a solid foundation to protect you against the unexpected events that life can deal to us, is an integral part of a financial security plan. In doing so, you can rest assured knowing that you can protect and grow your net worth regardless of what curve balls life will throw your way.

Once the unexpected life events have been covered, shifting focus to the events you can control like savings and growth opportunities becomes much more attainable.

Growth Opportunities

Controllable Events

Uncontrollable Events

Achieving your goals takes careful planning

Financial security planning is about more than just retirement planning; it’s about building a financial strategy that considers your immediate needs and your long-term goals and dreams.

We use a planning process focused on helping you achieve your goals and dreams, whatever they may be.

Using this process, I’ll:

- Gain a better understanding of what financial security planning means to you

- Analyze your situation and identify gaps

- Build a plan to help you achieve your short- and long-term goals and dreams

- Review and monitor your plan regularly to ensure it meets your changing needs

Essentially, what we’ll do together is create a personalized financial security plan that will help you achieve your goals and dreams. Then, as your situation changes, we’ll spend time together to update your financial security plan.

Planning Approach

Whether your goals are long-term (such as retirement) or more immediate (such as starting a business or saving for a child’s education), I can help you build a financial strategy tailored to your needs and those of your family. In developing your financial security plan, we’ll consider the four cornerstones of financial security planning:

Financial security at death
- When you die, how can you help safeguard your estate for your family?
- How much income will your family need?
- How will inflation affect this income?
Retirement
- Would you like to retire early or reduce the time you spend working?
- When you retire, what type of lifestyle do you envision?
- How much income will you need to retire comfortably?
- How will inflation affect this income?
Liquidity
- Do you have access to cash or liquid assets (i.e. assets that can be easily converted to cash)?
Disability and critical illness
- How would a critical illness or disability affect your income?
- Would a reduced income affect your retirement savings and would this reduction affect your lifestyle?
- How much disability or critical illness insurance coverage is enough?
- If you become critically ill or disabled and take time off work, how will inflation affect your income?
- If you become critically ill or disabled, will provisions in your group plan allow you to continue saving for your retirement?

The Four Cornerstones

I want to understand your needs, recognizing they may change as you proceed through life’s stages.

Early Career

As you start your career, you may want to:

Purchase life and disability insurance to cover your income or protect your ability to earn an income
Purchase term life insurance or critical illness insurance as a cost-effective way to cover an outstanding mortgage or debt
Purchase health and dental insurance coverage if your employer does not offer a group benefits plan

Family

Having children changes your life and your needs. Now is a good time to:

Review your financial security plan
Plan for your children’s education with options such as registered education saving plans (RESPs)

Business Owner

If you own your own business, you may want to:

Consider business continuation, buy/sell agreement funding and key person insurance as part of your business planning
Buy insurance to help cover outstanding business loans or mortgages if you die or suffer from critical illness
Purchase a health and dental insurance plan
Consider group insurance options for your employees

Retirement

If you are retired or plan to retire soon:

Insurance can help supplement your income and can help you leave a legacy
Health and dental insurance coverage can take over if your benefits through your employer end upon retirement