Financial Planning for You & Your Family

Click below to view our video about protecting your family

Video created by Jaime Munro from Whisper Media (www.whispermedia.ca)

My goal is to help you find creative solutions to reach your financial goals & cover your risks for the best value.

So together, we’ll look at your specific financial goals, understand what’s important to you, and find some creative solutions that will help make it easier to reach those goals and get more out of your hard-earned money.

This may include a combination of cash & asset management solutions, tax planning, estate planning, risk management & insurance solutions, optimizing benefits through your small business, maximizing benefits from government programs and other solutions that may be appropriate to meet your specific needs.

Losing your ability to earn income is the biggest risk to your family’s quality of life.

So covering that risk is a very important part of a financial plan that will help you get through some of life’s unexpected challenges.

For major illness and inability to work you’ll need a plan to cover the following, and preferably in a tax-efficient way so you don’t lose more of your savings on paying higher taxes.  Expenses can include:

  • Covering your minimum obligations so you can avoid losing your home (mortgage or rent)
  • Paying for potential increases in medical and non-medical expenses
  • Replacing loss of income and bridge any gaps from employer disability income
  • Meeting debt and other financial obligations
  • Support recovery back to good health
  • Maintain lifestyle needs for the rest of the children/family
  • Continue saving for children’s education & your retirement plan

In the case of premature death of one of the parents, you will need to:

  • Cover your minimum obligations so you can avoid losing your home (mortgage or rent)
  • Support dependents & cover potential increased living expenses (for surviving parent/caregiver)
  • Meet debt and other financial obligations
  • Pay final expenses & final taxes
  • Cover estate taxes due on deemed disposition of assets
  • Leave money to children or grandchildren to help them as they build their future
  • Leave a gift to charity with optimized tax benefit to the estate

Our Process

  • Establishing our client-advisor engagement.

  • Determining your goals and expectations.

  • Clarifying your present situation and identifying any shortfalls, issues or opportunities.

  • Reviewing & selecting options to cover your needs

  • Implementation

  • Monitoring your plan and making adjustments if necessary.

Information on protecting your family’s future and ideas on saving taxes

The Cost of Taxes to your Bottom Line & the Value of Planning with Tax-free options

Have you looked at how much difference tax-free options can make to your bottom line? Aside from a TFSA, do you know other tax-free options there are available for your savings, investments, and retirement funds?

Whole Life - A Whole new Investment Class

The recent developments in investment markets and the volatile performance that has resulted have brought about a new appeal to an old workhorse. For investors looking for a diversification in their investment portfolio and a more tax efficient fixed income investment alternative, a compelling argument can be made for the use of Whole Life Insurance.

How an Insurance Audit can help you save money & taxes

Many people get insurance because they know they need it, some try to understand what they're getting, and most don't remember the terms of their plans even after only a short while. Just like any financial plan, an annual or periodic review of your insurance plans can help make sure your plan still fits your needs. More importantly, this review is necessary to help save money and taxes and avoid getting surprised at your time of need.

How insurance for your children helps them now & in the future

Aside from the fact that it's cheap, here are the best reasons why you need to get life and critical illness insurance for your children... and how it can help them tremendously as they grow up.

Is the Life Insurance Industry in Canada Stable?

Insurance is one of the most closely regulated industries in Canada. Unlike the United States, in Canada there is a government organization that supervises all of the federally incorporated and foreign insurers to ensure that these companies operate in a prudent manner.
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