LKA Financial Services Ltd.
Area(s) served: Southern Alberta, Kootenay Region in British Columbia
Trustworthy advice you can count on
Your financial strategy should be as unique as you are. Whether you’re just starting out, about to enter retirement, or somewhere in between, a strong financial roadmap can help you reach your short and long-term goals. Let’s work together to protect what matters most to you and help you secure your future. Reach out to get started. Let’s get you there.
Financial planning in Lethbridge, Alberta
Whether you are just getting started in your investment journey, growing your business or nearing retirement we can help. Our established team has experience working with people from all walks of life. We’re proud to offer a full spectrum of services through customized one-on-one service. We aim to build Client relationships based on reassurance and accountability. This helps prevent emotional or reckless decision-making.
When working with us, you’ll notice we take a flexible and cohesive approach. This means, you’re not reliant on just one advisor, but our entire team. Efficiency and dependability are our main priorities while offering a clear map of your big picture goals.
If you’re looking for a financial planning experience where you can engage in the process, you’ve come to the right place. We’re partners in your financial success. You can rely on us to have your best interests at heart throughout your life.
As a fundamental part of the financial services in Lethbridge since 2002, we’re proud to serve our local community and beyond. We offer in-person appointments for Clients located nearby. We also offer virtual appointments for Clients throughout southern Alberta and the Kootenay Region in British Columbia. Contact our office to get started.
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Life insurance products
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Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
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Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
#RetirementPlanning #CanadianTravel #financialstrategies #lka #lkafinancial #lethbridge #yql #southernalberta
Script: How much life insurance is the right amount? Simply put, the amount of life insurance you need depends on your unique situation. A good place to start is to figure out how much life insurance you may need… how long you need it for… and what kind might be right for you. Let’s look at an example: Jackie is 33 years old… and has two kids. She has four goals for her life insurance: Leave money to her family to pay off her mortgage. Top up her kids’ registered education savings plans. Pay off her student loans. And, replace her income for 10 years. Based on these goals, Jackie is looking at a 1-million-dollar life insurance policy. If she died, her family could choose to use the insurance payout to: Put 300-thousand dollars toward the mortgage. Add 60-thousand dollars to the kids’ RESPs. Pay off her 40-thousand-dollar student loan. And… cover the family’s ongoing costs with the remaining 600-thousand dollars. How much do life insurance payments cost per month? In Jackie’s case, a 1-million-dollar, 30-year term policy for a non-smoking, 33-year-old woman… could cost about 80-dollars per month. For a man of the same age, it’s closer to 110-dollars per month. How long do you need your coverage to last? For a younger person… or a couple with debt and a mortgage, a 30-year policy or longer may be suitable. For someone in their forties… with little debt and a small mortgage… a 20-year policy might be the right fit. What are your options? Your employer may offer life insurance through your employee benefits. But… it may not be enough. And you can lose that coverage if you change employers. You may want to consider more life insurance. In which case, you have two types to choose from: Term life insurance. And… permanent life insurance. Any amount of life insurance can help give your loved ones some financial security when you die. Your unique situation will inform the amount and type of insurance you need. For more tips and tools, visit sunlife.ca.
#lifeinsurance #insurance #financialsecurity #lka #lkafinancial #lethbridge #yql #southernalberta
1. You’ll miss out on the advantages of compound interest.
2. You'll have to pay tax on your RRSP withdrawals.
3. You’ll permanently lose RRSP contribution room.
If you need cash to deal with an unexpected expense, reach out and we can figure out the right strategy for you.
#rrsp #rrspwithdrawal #unexpectedexpense #lkafinancial #lka #lethbridge #yql #southernalberta
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