Scott Wallace
Job title: Financial Planner, Sun Life, CFP®, CLU®, CEA, B.P.E., B.Ed
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.
Creating custom financial plans for Albertans
My team and I value great communication tailored to your expectations. During our partnership you’ll receive a well- coordinated, intentional, and detailed plan for achieving the financial success you deserve. In a world full of distraction, we take pride in being accessible by providing the ongoing information and solutions you need while keeping your short and long-range financial goals in focus.
Offering holistic advice throughout a Client's life, we can help them reach their financial goals as needs change. We strive to give you relevant information and timely communications that help you make well-informed choices. We aim to help you achieve financial success through the outstanding service we offer.
We help Clients by providing a written financial plan based on our talks around insurance and wealth needs. We specialize in offering strategic advice on:
- retirement,
- savings,
- risk management,
- pension,
- tax and
- estate needs.
My team and I focus on your best interests. By taking the time to understand your goals and needs, we help you feel valued and at ease. We'll work with you to simplify the financial planning process by breaking it down into clear and easy steps.
Each Client has different goals and dreams for their financial wellbeing. Our job is to take what is important to Clients and help make it a reality. We offer honest, easy to understand advice to help Clients achieve their dreams.
Products and services
Health insurance products
Life insurance products
Saving, budgeting and investing
Stay informed
See more articlesScript: 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.
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.
1. Have my financial goals changed?
2. Do I have a diversified portfolio?
3. How comfortable am I with risk?
You may be better off staying the course and sticking to your original plan if: Your goals haven't changed, and You have a diversified portfolio. Remember, history tells us that markets grow over the long term. Still worried? Let’s chat.