Retirement planning | Estate planning | Tax planning | Cash and debt management | Investment planning
Long-term/retirement planning:
Making sure you have the retirement lifestyle you want.
A key focus of good financial planning is on the “how” and “when” of retirement.
Our flexible, proprietary software integrates a number of variables, such as retirement date, current and future lifestyle, family obligations, education needs, investment return, inflation, inheritances and other factors that will affect how much money you’ll have during your retirement years. This enables you to analyze what’s important and focus on it.
Having a more accurate picture of your retirement needs then enables us to map out the personal financial plan that will ensure these needs will be met.
Estate planning:
Preserve your assets for future generations.
Estate planning looks at the creation and preservation of your estate, as well as its legal structure.
We work with your lawyer to ensure that your will reflects your current wishes, and that it takes advantage of any tax-planning opportunities that may exist, for example, setting up a testamentary trust or family trust.
We also work with your life insurance agent and recommend any changes that might be necessary to ensure you have the most appropriate insurance portfolio.
Tax planning:
Make sure you’re paying only what you owe.
Proper tax planning can significantly affect how much you keep and how much goes to the government.
Tax structuring can range from simple to elaborate. But to have any benefit, even simple tax structures must be effectively implemented and monitored—and that’s a key part of the Tasman difference. Use of family loans, incorporation, and family trusts may be recommended. We use our extensive experience to analyze your situation and help you understand the advantages and disadvantages that different options present so that you can make informed decisions.
Cash and debt management:
Ensuring your plans become reality.
Managing your cash means managing what you spend now and what you spend in retirement. Good cash management is the linchpin of a successful financial plan.
Many financial advisors give scant attention to cash management. At Tasman, we place considerable emphasis on this crucial area because we want to ensure that your financial goals become a reality.
As part of our six-step planning process we develop a comprehensive cash plan that includes recommendations on debt servicing, RRSP investments and savings plans.
Investment planning:
Let Tasman help you develop the best plan for your investment needs.
Good investment management means determining the investment structure that’s right for you, and that means
- Maintaining the right asset mix
- Maintaining the right amount of diversification
- Monitoring and adjust your investments as circumstances change
The financial plan that we prepare for you includes clear investment objectives and strategies to ensure you have the right asset mix and right amount of diversification. And we monitor that mix monthly to make certain that it continues to support your financial objectives.
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