A financial plan is a comprehensive evaluation of someone's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawalplans.

 

Through preparing a financial plan you will:

 

• Identify and understand where and what you spend your money on

• Understand, organize, and structure debts efficiently;

• Understand where and what your money is invested in;

• Set goals that are specific, measurable, attainable, realistic, and time limited;

• Learn effective way to reduce your taxes every year and over your lifetime;

• Develop solutions to further reduce taxes and increase personal wealth;

• Identify areas of personal risk and develop solutions to protect against them;

• Determine investment returns needed and structure asset allocation;

• Develop solutions to protect and reduce liability;

• Learn and understand effective ways to donate to charity;

• Learn how and when to draw income from various sources such as RRSP, CPP, trusts, etc.;

• Develop income splitting strategies to reduce taxes and avoid government benefit clawback; and

• Learn ways to get money out of RRSP’s effectively tax free.

 

Most importantly: Achieve peace of mind through having a solid understanding and confidence in your finances!  To achieve your peace of mind for a better quality of life please contact us.