SAVING & INVESTMENT OPTIONS

By saving and investing, you can protect and grow your money to reach your financial goals. 

What is the difference between saving and investing though? Savings goals tend to be short term and more liquid in nature for example setting aside funds for a specific purpose like purchasing a vehicle or renovations to to your home. Investment goals tend to be more long term in nature and can involve greater risk for example the goal might be to accumulate enough for a comfortable retirement.

There are an incredible number of investment and saving options to choose from. Many people have heard of RRSP's and TFSA's. Yet there are others including RESP's, RRIF's, GIC', bonds, equities and more. No wonder many Canadians are confused about this. 

What are your financial goals? Are you getting the advice you need?

It is a great idea to have a financial plan that includes a budget that keeps track of your income and expenses as well as specific financial goals you want to achieve. Tracking your daily spending helps identify where money is being spent unnessarily and which ones can be reduced or eliminated and redirected to your sanving and investment goals. Include a payment schedule to track your long and short-term financial commitments to ensure that you are always meeting your obligations while maintaining your financial stability. 

Here are some tools to get you started on your financial planning:

Personal Finance Calculator from Manulife to get you started with the budgeting process.

InsureRight.ca can help clients quickly understand their insurance needs, particularly with critical illness insurance to help protect their savings.

Manulife's Retirement Savings Calculator helps you determine your client's savings shortfall.
The Retirement Income Worksheet assists clients in determining what their expected income requirement will be.
The Retirement Expense Worksheet assists clients in determining what their future spending level will be.

Protecting & growing your assets.

If you would like to learn more about growing & protecting your assets or get a second opinion on your current investments, please complete the form above to book a complimentary consultation. We can arrange a mutually convenient time to meet.