Resources

I have accumulated some funds, what should I do with them?

The short answer is it depends. Before rushing to a decision, first think about your goals. Do you need the funds to fund a big-ticket item such as a car soon or do you intend to set the funds aside for a longer period to fund your retirement or maybe a combination of both? Depending on your short-term/long term-goals, different strategies can be used.

Will I have enough assets to retire? And when should I start planning for it?

Many Canadians share the anxiety of not knowing if/when they will be able to retire. With the pressure of inflation, rising cost of living and unclear economic outlook, people can sometimes become pessimistic about their ability to retire. It is, therefore, vitally important to not “sit on it”, but to proactively plan for it. Retirement planning is often not as simple as “I need “x” amount of dollars to retire at age “x””. Rather, it’s a dynamic process that coordinates between various key factors, such as cash flow analysis, asset allocation, tax optimization and estate planning. In a nutshell, start planning early, stay on course and enjoy your retirement.

Why do I need a financial advisor?

We have seen people who have concerns about their portfolio lasting through funding their house renovation project, their children’s education or their retirement. As your financial needs get more complex, it is important to think holistically. Are you positioned to meet your short-term and long-term goals? Do you have the proper asset allocation? What about risk management? Any blind spots or aspects that were never thought of before? The list goes on. Knowing that a trained professional is looking over your roadmap can help provide peace of mind.