Having a strong financial plan not only allows you and your family to enjoy the things you value, but it also protects you in the case that an accident or death occurs. We’ve talked about making sure you’re protected with proper insurance coverage, but there’s another element to supporting your family when you’re no longer here: keeping an up-to-date will.
Figuring out how to reach your financial goals takes a lot of planning. This thought may be daunting, but thinking about your goals in the same way you would map out a road trip can make planning easier. Now it sounds a little more fun (Florida? The East Coast?) and you can visualize your financial goals with a clear start and destination. Use these tips to ensure a smooth journey for each of your goals, and get on the right road to reaching them.
Set yourself up for financial success in 2017 with this exercise.
- Define your financial goals or check your progress on existing goals. What are you saving towards and what are your timelines?
- Find out how much you need to save each year to reach those goals. If you need help, work with an advisor and don't hesitate to ask them the right questions.
Risk plays a big part in your investment plan. Whether you opt for a more conservative route, or prefer a high-risk, high-growth approach, understanding how risk fits into your portfolio is essential in creating a plan that works for your goals.
For many, ringing in the new year represents goal setting and a new chance to revisit existing objectives.
Often, these goals can be achieved within the year, like traveling, completing a course, looking for a new job, or finding a new home.
Last year, regulators announced the Client Relationship Model - Version 2 (CRM2), which included a key requirement that financial advisors explicitly disclose all investment fees charged to clients. The regulation, which went into force in July 2016, is required to be implemented by all financial advisors by January 2017.
We’re just days away from a new year, and we’re looking forward to everything 2017 has to offer. As we approach the end of 2016 and reflect on the past year, we’re looking back on our blog and some of our most popular posts, top news stories, and the biggest trends of 2016.
In the not too distant future of drone-delivered shipments and self-driving cars, the way in which we invest is going to change, too. The current landscape in Canada for getting advice and managing investments is out-of-date and is a huge cost to investors and the country. But there are changes happening now that are paving the path for a new way to save, one where efficiencies, quality, and customization will change the industry and create better financial security for Canadians.
When I first interviewed with Invisor, I was looking to get out of corporate politics. Right off the bat, the guys at Invisor seemed like straight shooters, and like they’d cultivated a good work environment. The product Invisor offers is also leagues beyond what I had recently been pitched at banks and from a family financial advisor, so this intrigued me. From a developer’s perspective, I knew being focused on a single project would allow for more creativity and brainstorming. It’s not always about getting a micro site out the door. Instead there are constant discussions about how to make the experience better.