Question 1

How does financial planning help when leaving my employer?

Accepted Answer

Financial Planning for employees leaving an employer helps them navigate financial transitions due to retirement or termination. Services include reviewing severance packages, understanding retirement benefits, optimizing pensions and planning for taxes and healthcare.

The goal is to provide personalized advice to secure financial stability and align decisions with future goals without having to purchase any financial products.

Question 2

What is the difference between retirement planning and financial planning?

Accepted Answer

Retirement planning focuses on preparing for financial security during retirement years, addressing factors like savings, investments, and income sources to sustain post-employment lifestyle needs.

On the other hand, financial planning encompasses a broader scope, integrating retirement planning with other financial goals such as budgeting, debt management, tax planning, and estate planning. While retirement planning is a subset of financial planning, the latter addresses comprehensive financial well-being across all life stages.

Question 3

What if I just have a few questions and don't want a retirement plan?

Accepted Answer

You are welcome to engage my services for a one-time Q&A engagement.

You can submit your questions before our 90-minute meeting or utilize the meeting time to address your questions on the spot.

Question 4

Can you help me invest my money?

Accepted Answer

No. I don't sell or endorse any investment product. As part of our financial planning process, I will assess your goals and provide you with a recommended asset allocation model for your investment selection.

I can also help you understand your risk tolerance.

Question 5

How will an advisor increase my wealth?

Accepted Answer

Fee-based financial planning can increase an investor's wealth by providing personalized advice and strategies tailored to your goals and circumstances.

By charging a transparent fee instead of commissions, advisors prioritize your best interests, potentially leading to more cost-effective choices and reduced conflicts of interest.

Additionally, ongoing guidance and adjustments to the financial plan as needed can optimize investment returns and minimize unnecessary expenses, ultimately contributing to wealth accumulation over time.

Question 6

How much will it cost.?

Accepted Answer

Consulting with a fee-based financial planner typically costs $200 to $400 per hour for all time working on your engagement. A typical single engagement (30 minutes research and 60 minute video conference) cost $300 plus HST.

Retirement and Comprehensive financial plans start at $500 to $3,000, depending on complexity.