AN ADVISOR CAN HELP YOU DEFINE AND REACH YOUR GOALS
Age: 56
Family status: Recently widowed, 2 children in university
Housing: 7 years remaining on mortgage
Special concerns: Lack of knowledge about financial planning
NEXT STEPS
- Set up a retirement plan
- Create strategy to fund kids’ continuing education
- Life and health insurance checkup
Age: 59
Family status: Single, 3 children living at home: 1 high school, 1 college, 1 unemployed
Salary: $65K annually
Special concerns: Wondering if work retirement plan will be enough
NEXT STEPS
- Review work retirement and insurance plans
- Meet with an adviser to discuss gaps
- Consider products that provide a guaranteed income, and purchase critical illness insurance to cover family in case of sickness or disability
Age: 49
Family status: Single
Housing: Mortgage
Savings: $80K
Salary: $55K annually
Special concerns: Wants to retire at 60, but does not have a retirement plan
NEXT STEPS
- Determine the lifestyle she would like to have in retirement
- Set up a retirement plan
- Set up a health insurance plan
This content was produced by Randall Anthony Communications, in partnership with The Globe and Mail's advertising department. The Globe's editorial department was not involved in its creation.