Managing Your Finances
Because no two people are the same, we can help you find a customized solution for your individual needs. We can assist our individual clients with:
- Thinking strategically about your savings
- Helping you with your succession planning
- When you a mortgage for your home
And if you’re a business owner, we can also help you with:
Your approach to saving is likely to change from one stage of life to the next. But whether you’re a new graduate or a mid-career family, we can help you develop and implement a savings strategy that will lay a strong foundation for your savings in every chapter of your life:
When you’re just starting out …
If you’ve just started your career and possibly taken your commitment to your partner to the next level, low insurance costs and a long investment horizon, combined with few responsibilities, can make for an excellent financial base. We can help you build on these advantages, while at the same time considering a debt load that might include student loans, car payments or a mortgage.
Starting a family?
Whether you’re planning a family, building joint asset base or doing both you’re about to enter into a new level of commitment—both personally and financially. We can help you learn how to save for a child through specialized insurance and investment products, such as a Registered Education Savings Plan.
Mid-career, kids growing up … much more responsibilities
Mid-career professionals typically have higher incomes than younger investors but they also carry more responsibilities. From mortgage payments to a child’s education, we can help you devise a financial plan that balances your needs and obligations.
Nearing retirement? You deserve to relax and celebrate!
At this stage of your life, it’s time for relaxation and celebration. Chances are children have moved from home, the mortgage is mostly paid off and a few investments are coming to fruition. However, income levels may have dropped after retirement. Find out how to manage your finances in a way that allows you to fully enjoy the fruits of your hard work.
In short, no matter your life stage, contact us today to learn how to balance savings and investing with your other commitments.
Preparing for succession after death might be a difficult issue to discuss, but it is also an important part of any comprehensive financial plan.
We can help you and your loved ones approach succession planning in a constructive manner that ensures they avoid problems and are well cared for in the event of your death. The process involves two main considerations: life insurance and preparing a will.
Contact us today to discuss your succession plan in more detail.
From choosing the right time to buy a house to deciding whether or not it’s a good idea, we can help guide you through this important decision. By assessing all the costs involved from taxes to renovations we will work with you to help plan a mortgage strategy that fits your needs and considers your other financial responsibilities.
If you are considering taking out a mortgage, contact us today to discuss how to do so in a way that best fits your situation.
Business owners face unique challenges and opportunities in terms of financial planning. You’ve worked hard to develop your ideas into a successful business, or perhaps you’re considering moving into self-employment. We can help you choose a financial planning strategy for your unique situation.
Working together, we will help you adjust from a situation where a previous employer might have provided benefits, such as health or life insurance or a company pension. We can also help you explore options to effectively fund your start-up expenses.
Many entrepreneurs spend years of focused effort building up a business, but then fail to consider how to make the transition to retirement. We can offer expert advice in how to plan an effective business succession strategy.
Is your business worth more than $500 000?
Upon death, successors face estate taxes on business values of more than $500,000 with the tax-free amount potentially offset by any capital business losses the owner declared during his or her lifetime. A well-planned life insurance policy can minimize these tax implications and help successors transition into business owners.
And if your business is valued under $500 000?
Smaller businesses may not need to pay estate taxes but can still benefit from a plan that ensures an equal legacy for their successors. A financial advisor can help entrepreneurs plan an inheritance that is fairly distributed among all loved ones.
Contact us today to discuss strategies for business succession.