Financial Management
- Cash flow projections, goal prioritization, budgets, debt reductions
- Create a personalized financial solution by reviewing all components of your life, including: assets, liabilities, income & expenses
- Coordinate work place transitions and severances, including: Group RRSPs, RPP, DPSP & Retirement Allowances
The Financial Life Cycle
Building the Foundation
- Finish higher education, pay off student debt
- Career, marriage, enter housing market, start family
- Live within means, save the difference
Career, Debt Reduction & Building Wealth
- Launch career, climb corporate ladder, focus on family
- Mortgage and debt repayment focus
- Consider more disciplined savings plan, pay yourself first
Pay Down Debt & Wealth Accumulation
- Rising earnings, more responsibilities, children’s education
- Asset accumulation, start retirement capital projection
Determining your Number, Freedom thoughts
- Higher earnings, career change and layoffs
- Possible peak earning years, acceleration of savings
Retirement & Optional Work
- Full or semi-retirement, transition to leisure & spending
- Determine purpose and plan (if fully retired)
- Government Benefits & personal investments
Traditional Retirement (Golden Years)
- Continuing to enjoy the years
- Decumulation years
- Additional focus on estate planning & legacy