Why should you have a financial plan?
The old saying is that if you fail to plan then or you are planning to fail. This is particularly true when it comes to the areas of money and wealth. In short, you cannot leave your financial future to chance.
It is important to have a comprehensive financial plan that includes strategies for all the key stages of your life. These events may include:
- buying a home
- starting a family
- sending your children to university
- planning for retirement
- planning your estate
- and any number of key events that occur in this thing called “life“
Financial planning is often mistakenly viewed as an activity for people who are already rich. In fact, financial plans are necessary for everyone and people from all income levels and backgrounds can benefit from having a solid financial plan in place.
Today’s economic climate seems to be more fraught with risks and uncertainties than ever before. With a decrease in job security for those in employment together with an ongoing reduction of access to government social programs in times of need, it is imperative that you take a proactive approach to securing your financial well-being.
It is important to be prepared financially to reach your goals. Whatever you consider to be your top priorities in life, our Ontario financial specialists at Insurance Protection Group have the expertise to help you create a financial plan that will get you there.
The benefits of working with an Insurance Protection Group financial advisor
It is a big challenge and very time consuming to stay abreast of all the latest money and wealth building options available. Our financial advisors will help you plug any gaps in your financial knowledge.
We can assist you with creating customized financial strategies for:
- savings and investing money
- preparing for your desired retirement lifestyle
- creating a foundation for your family’s education aspirations
- providing insurance protection against financial risks
- allowing for major purchases such as a house, cottage getaway, a new vehicle
- paying for unforeseen emergencies
- providing a financial legacy for your loved ones or special causes after your death
- and more…
Our advisors can help you to set achievable financial goals, determine a savings and investment strategy that is appropriate to your risk and comfort levels, create an asset acquisition and management plan and prepare a detailed retirement forecast, and more all tailored to your specific financial aspirations and circumstances.
Our financial advisors are experts at assisting our clients to set financial goals that are appropriate to their client’s values, needs and longer-term aims in life and balanced by realism about what is achievable. You can rest assured that you are in good hands when you come to Insurance Protection Group.
Having a comprehensive financial plan in place will provide you with peace of mind that you are financially protected in the short-term with adequate insurance coverage as well as helping you measure your progress towards your longer range goals.
Call 1-888-879-2692 to see how our financial specialists can provide you with a greater sense of control and confidence regarding your finances.
Our Ontario financial advisors can assist you with:
- Investment Planning
- Retirement Planning
- Estate Planning
- The Bridge Builder Program™
At Insurance Protection Group Financial, we offer personalized services around all of these specialist areas to ensure that you and your family’s financial needs are covered.
Developing a plan for how you invest your money is crucial if you are looking for long-term financial security.
In fact, investment planning plays a key role in helping you to achieve your income, savings, estate, and legacy goals.
Our financial experts are able to offer an initial free consultation to view and comment on your current investments (Call 1-888-879-2692 for more details).
Should you decide to work with us over the long-term, we will structure an investment plan that is personalized and exactly right for you.
To do this, we take time to fully understand what your wealth goals are. We can then identify and implement investment strategies that not only align with your wealth goals but also take into account your risk tolerance and any specific ethical investment considerations you may have.
Investing in your future requires careful planning…
Once we know what you want to accomplish with your investments, we can discern the best investment strategies and evaluate different investment options to achieve those goals.
Our general approach is to help you maximize your financial returns while minimizing the risks to your investments even in current volatile markets. It is essential that you have an investment portfolio that is geared towards meeting your requirements for long-term financial growth but is also tax efficient.
Our experts adopt widely proven investing principles that include diversification, strategic asset allocation and personalized risk management.
We can offer a wide variety of financial products and tools to assist you with your investment requirements that include:
- Education Savings – RESP
- GIC & Term Deposits
- Guaranteed Annuities
- Mutual Funds
- Retirement Income – RRIF
- Retirement Savings – RRSP
- Segregated Funds
- Tax Free Savings – TFSA
Call us on 1-888-879-2692 to book your free consultation with one of our financial advisors to assess your current investment plan.
If you have looked after your health and you are nearing the end of your working career, then you should be looking forward to enjoying your forthcoming retirement.
Ironically, your good health could prove to be very expensive as you will most likely have many retirement years ahead of you without the income you previously from working. This is where having a good retirement plan is so important to make up for the financial shortfall between what you receive from work compared to what the government will pay you as a pension after you finish working.
An effective retirement plan will be based on the kind of life you want to have once you end your career. Once you have set out your retirement goals it is a matter of calculating the associated cost of living this way and then formulating a financial strategy so you will be able to meet the costs of your retirement lifestyle.
There are many options available to help you fund your retirement years. You may prefer one of the various investment options within a Retirement Savings Plan (RRSP). Alternatively you may be considering Retirement Income Options (RIOs) or Registered Retirement Income Funds (RRIFs) to provide you with an income and cash flow for your retirement years. Unfortunately, knowing about the multitude of savings and investment options and understanding taxation issues in retirement, and then deciding which route to follow, can be a daunting task.
Now is always the best time to plan for your retirement…
The earlier you start planning for retirement the better you will be financially prepared and secure once you stop working. And if financial independence is your goal for your retirement years then it is essential to be planning for that way ahead of time. Having said that, it is never too late to plan for your retirement and it is important to contact a retirement planning specialist as soon as possible to discuss your long-term financial goals and to assess the merits of all available financial options.
If you haven’t put a retirement plan in place yet, then give us a call to get started so we can advise the best strategy for you and your particular circumstances.
Our retirement planning experts at Insurance Protection Group Financial will help you clarify and set achievable financial goals for your retirement. They will also be able to advise you on other matters relating to tax and retirement planning such as borrowing to invest, taxation of investment income, income splitting strategies, as well as the various insurance and investment products available and their respective tax advantages.
Our advisors will take you through the steps of our retirement planning process to ensure you have everything in place to fund your retirement years. With a solid retirement plan in place before you retire you can experience peace of mind now knowing your financial future is secure.
At Insurance Protection Group Financial, we pride ourselves on equipping our clients with the best knowledge and strategies for their long term financial prosperity. We look forward to working with you to ensure your retirement years are financially taken care of.
Call us on 1-888-879-2692 to book your free consultation with one of our financial advisors to discuss your retirement plan.
Estate Planning is the process of making formal arrangements regarding how you want your financial affairs to be handled after your death.
If you’ve been working hard to build up your wealth and assets so that you can leave a financial legacy to your loved ones after you pass, you will want to ensure that there are no issues when it comes to distributing your cash, property and assets to the heirs and beneficiaries named in your Last Will and Testament.
Estate planning can be used as a wealth distribution strategy for maximizing the value of your estate, reducing the amount of tax to be paid at the time of your death, and ensuring that your financial legacy wishes are followed. In addition, an estate plan can include details regarding how your finances and your health are to be managed should you become mentally or physically incapacitated.
Planning your estate needs an integrated approach…
At Insurance Protection Group Financial, our team of wealth management specialists work closely with other experts in the field of estate planning such as lawyers and accountants to ensure that you have an integrated plan to maximize the value of your estate and optimize its transfer and distribution to your chosen beneficiaries.
Our exclusive Integrated Planning Process is a step-by-step approach to ensuring you receive the necessary expert advice required to make informed decisions on implementing your estate plan.
As your assets grow over time, you will have more that needs properly preserving and protecting. In addition, minimizing income taxes takes on greater importance. Proper planning can help you better choose how your assets get distributed after you pass while also minimizing the impact that taxation may have on your estate.
Having an estate plan in place will ease the difficulties faced by your family heirs when it comes to executing your wishes regarding the transfer of your assets after your death.
By making formal arrangements in advance regarding the disposal of your estate you will gain much peace of mind during your lifetime knowing that you have properly planned ahead for your loved ones.
Our financial advisors will be pleased to discuss how you can create an Estate Plan to ensure your family heirs are financially protected. Call us on 1-888-879-2692 to book your free consultation.
The Bridge Builder Program™
The Bridge Builder Program™ is our proprietary system that we created to ensure that your short, mid and long-term wealth goals are achieved.
Many advisory firms focus on selling financial and insurance products instead of the client’s wealth accumulation targets. At Insurance Protection Group Financial, we take a different approach. We don’t offer advice on your situation until we fully understand your short, mid and long-term financial goals.
Once we know what you want and the resources you have accumulated to date, we model different scenarios and come up with a plan that will give you financial clarity and peace of mind. Only then will we recommend the most appropriate products and strategies that are suited to your financial and wealth aspirations.
Our Bridge Builder Program™ is a proven and disciplined holistic approach to increasing your wealth. Included in our program is The Bridge Builder Organizer™, which organizes all of your personal and business matters in an easy to use portfolio.
The end result is that each client will have a Bridge Builder LifePlan™ that is unique to them, which details how they will achieve their goals, taking the vision of their personal and professional lives into account.
We are here to help you with your financial protection needs and wealth building aspirations…
Take charge of your financial future by contacting the Financial Services division at Insurance Protection Group TODAY!
Our financial planning and wealth management experts are on hand to provide you with specialist advice on how you can best prepare financially for all the key stages of your life.