I’ll help you build a personalized financial security plan. Financial security planning is about more than just retirement planning – it’s about building a financial strategy that considers your immediate needs and your long-term goals and dreams.
As a Certified Financial Planner® and investment representative with Freedom 55 Financial and Quadrus Investment Services Ltd., I enjoy helping my clients make better decisions with their money. I do this by listening to and understanding their objectives and concerns and assisting them in building a comprehensive personal plan to address them.
I’m in my sixth year in the financial industry and fourth year with Freedom 55 Financial. After starting my career in the banking industry, I felt there had to be a better approach to financial security planning. With Freedom 55 Financial, I can tailor my solutions to my client’s specific goals and needs. I follow a proven process which includes understanding my client’s goals and current financial position; reviewing their sources of income and savings; developing a written customized financial security plan and reviewing that plan on an ongoing basis to help ensure it remains relevant. I focus on building long- term relationships with my clients so I can add value throughout many different stages of life.
It’s important to me that I provide my clients with sound advice. I do this by working closely with a team of specialists in wealth accumulation, protection, retirement and business planning.
Building my business with Freedom 55 Financial, my career is founded on one of the most trusted names in the financial services industry – London Life Insurance Company.
Financial security planning is about more than just retirement planning; it’s about building a financial strategy that considers your immediate needs and your long-term goals and dreams.
Using the Canada Life security planning process, I’ll:
- Help you define what financial freedom means to you
- Help analyze your current situation, goals and dreams
- Help identify any roadblocks to achieving your goals
- Work with you to build a financial security plan that considers your short and long-term goals
- Regularly review your financial security plan, ensuring it evolves with your changing needs
Four cornerstones of financial security planning
Whether your goals are long-term (such as retirement) or more immediate (such as starting a business or saving for a child’s education), I can help you build a financial strategy tailored to your needs and those of your family. In developing your financial security plan, we’ll consider the four cornerstones of financial security planning:
- Financial security at death
- When you die, how can you help safeguard your estate for your family?
- How much income will your family need?
- How will inflation affect this income?
- Would you like to retire early or reduce the time you spend working?
- When you retire, what type of lifestyle do you envision?
- How much income will you need to retire comfortably?
- How will inflation affect this income?
- Do you have access to cash or liquid assets (i.e. assets that can be easily converted to cash)?
- Disability and critical illness
- How would a critical illness or disability affect your income?
- Would a reduced income affect your retirement savings and would this reduction affect your lifestyle?
- How much disability or critical illness insurance coverage is enough?
- If you become critically ill or disabled and take time off work, how will inflation affect your income?
- If you become critically ill or disabled, will provisions in your group plan allow you to continue saving for your retirement?
I want to understand your needs, recognizing they may change as you proceed through life’s stages.
As you start your career, you may want to:
- Purchase life and disability insurance to cover your income or protect your ability to earn an income
- Purchase term life insurance or critical illness insurance as a cost-effective way to cover an outstanding mortgage or debt
- Purchase health and dental insurance coverage if your employer does not offer a group benefits plan
Having children changes your life and your needs. Now is a good time to:
- Review your financial security plan
- Plan for your children’s education with options such as registered education saving plans (RESPs)
If you own your own business, you may want to:
- Consider business continuation, buy/sell agreement funding and key person insurance as part of your business planning
- Buy insurance to help cover outstanding business loans or mortgages if you die or suffer from critical illness
- Purchase a health and dental insurance plan
- Consider group insurance options for your employees
If you are retired or plan to retire soon:
- Insurance can help supplement your income and can help you leave a legacy
- Health and dental insurance coverage can take over if your benefits through your employer end upon retirement