No one watches out for your financial well-being more than you do — but a little help never hurts. A recent study revealed that just one-third of Canadians have a good understanding of what a financial plan is.
A comprehensive financial plan covers every area of your financial life and goes beyond RRSPs to tax and estate planning, insurance and, of course, investment strategy. A professional financial advisor can help guide you in the right direction while sharing knowledgeable expertise on how each decision can help you achieve your goals.
It’s important though to determine the type of holistic financial plan you need and set realistic expectations with your advisor. With a professional financial advisor looking out for your best interests, you’ll be able to have candid conversations about what is achievable.
It’s important to remember that results won’t happen overnight. The process of financial planning involves patience, persistence and commitment over the course of many years.
“Working with a professional financial planner will help you achieve and sustain a financial future that’s right for you,” explains Damon Murchison, president and CEO of IG Wealth Management. “They will help you reach your personal goals while proactively navigating any surprises that come up along the way. Being educated and having long-term commitment is key when it comes to financial planning.”
Having knowledge of your plan, reviewing it frequently and understanding your current standing relative to your goals is extremely important. It’s also critical to adjust your plan around the circumstances of your life.
The journey to financial independence is a long-term one, so it’s important to stay the course and partner with an advisor who gives you optimal financial confidence. If you’re ready to build your retirement plan or have questions about how to find true financial confidence, speak with a local IG Wealth Management advisor today.