I haven’t worked with a Financial Planner in the past, why should I start now?
You are established in your career, in your prime earning years. Your children are grown or almost grown and have either left the nest or will soon. You are starting to consider retirement and may be asking yourself these questions:
- What is my retirement going to look like?
- Have I saved enough/should I be putting away more for retirement?
- It looks like I am paying a lot in taxes, is there anything that can be done?
- Have I made the best decisions? Am I on track?
Why you should work with a Financial Planner.
As we move through our journey called life, our goals and objectives tend to change. We become more conscious of the learning experiences and desire not to repeat them. In addition, retirement becomes more top of mind. We also become aware of what the experiences of our peers and how the best laid plans can go awry.
As we move through our journey called life, our goals and objectives tend to change.
Here are some common questions I’m asked:
There are pros and cons to each. Investing in an RRSP does give immediate tax breaks but consider that you are only deferring the liability. When talking about RRSP’s I pose this question to my clients. “Would you rather pay tax on the seeds you plant, or on the crops you harvest?” Paying off your mortgage does give a sense of accomplishment and reduces interest costs. Caution needs to be taken that by paying off your mortgage you are not losing the control of your capital.
The answer to this question isn’t as simple as the question itself. Its answer depends both on what you have envisioned your retirement to look like, and how much and where you have allocated your retirement funds. These are two important pieces to put together your Money Puzzle and one can’t be discussed without the other.
Building Financial Confidence
The goal of is to give you confidence financially and put you in control of your financial destiny, and it does not end there. As we move forward together, we will meet periodically (annually or more frequent if life gets in the way) to adjust the puzzle pieces as you grow through life.