Whether it is dreams of retirement or specific goals such as saving for a child's education or passing your family business to the next generation, FC Financial Group has the financial planning tools and solutions you need.  Our financial security advisor can help ensure you make the right decisions about insurance and investment products that address both immediate and specific needs.  We can also help you build a solid, long-term financial plan that will be prudent today and relevant tomorrow.

Our comprehensive planning process allows you to:

• Gain a better understanding of what a financial plan means to you
• Understand your current situation, and specify goals and objectives
• Identify the roadblocks to achieving your goals
• Reorganize your financial resources and maximize their potential
• Plan for financial success

The first step in creating a financial plan is to understand your needs and goals for the future.  Your plan might address some or all the following needs:

• Retirement and investment savings or income
• Owning a home or cottage
• Providing for a child's education
• Protecting you and your family
• Protecting your business from financial hardship
• Succession Planning – passing your family business to the next generation
• Minimizing personal and estate tax

Tips for achieving your financial goals

• Create a financial plan and stick to it
• Define your short-, medium- and long-term goals
• Track your net worth and cash flow; set an annual growth target
• Save systematically by “paying yourself first”
• Build an investment strategy that suits your unique needs
• Set benchmarks for measuring the performance of your investment portfolio
• Set up an RESP - You can now contribute up to $2,500 annually.  In addition, each beneficiary is eligible for the Canada Education Savings Grant (CESG). The federal government provides a 20, 30 or 40 per cent grant (dependent on family net income) on the first $500 contributed, and a 20 per cent grant on the next $2,000 contributed annually, to a lifetime maximum of $7,200. The grant is invested directly into the beneficiary’s RESP.
• Encourage your children to invest the money they earn
• Think about using RRSP funds for a down payment on your first home under the Home Buyer’s Plan
• Increase the frequency of your mortgage payments to reduce your mortgage interest
• Plan to minimize capital gains tax on dispositions of vacations homes, especially at death
• Set up an emergency fund or line of credit
• Make sure you have adequate insurance and a current will
• Consider a power of attorney and a ‘living will’
• Shop around when choosing your financial security advisor
• Always choose an independent brokerage like FC Financial Group to service you!