Investment ManagementRetirement PlanningEstate Planning

Achieving Your Financial Goals

A financial plan looks at where you are today and where you want to go. It defines your short- and long-term financial goals and how you can reach them.

Financial planning includes every aspect of your finances. Your financial plan should cover:

• Saving and investing
• Paying down debt
• Insurance
• Taxes
• Retirement planning
• Estate planning

Retirement Planning

It’s not going to be your parents’ retirement – rewarded at 65 with a gold watch, a guaranteed pension, and health insurance for life. For many peoples, retiring in this new century is a mystery. Earlier generations of workers could rely on employer-provided pensions, but now many workers will need to rely on their own work-related and personal savings plus Canada Pension benefits. These savings have to last longer because peoples are living longer, often into their eighties and nineties.

If you are one of those people who want to plan – and are about 10 to 15 years from the day you retire – we need to get together. Today’s (and tomorrow’s) retirees may well have a new kind of retirement. With a longer and healthier life span, bikes, boats, planes, and RVs may be part of your life, because you are more likely than previous generations to be an active older American.

Retirement can be a time to explore new possibilities or to slow down and fully enjoy the life you spent your working years building—or it can be a bit of both. Regardless of your path, you want to ensure that this phase is as financially secure and satisfying as it can be—a process that ideally begins with your first job and continues even after retirement begins.

Here, I can take you expert guidance on all the elements that contribute to a good retirement: saving and investing; planning; maintaining your health; identifying activities and work to suit you; and, of course, being a savvy consumer.

Estate Planning

Many people believe they don’t need estate planning because they think they don’t have an estate. Or they think the value of their estate is not great enough to cause estate taxation, so what’s the point?

With few exceptions, everyone has an estate — even the young child with a custodial account in his name and the granddaughter who received a lovely piece of jewelry for her 16th birthday.

Bottom line: If you own something of value that you would pass on to someone else upon your death, you have an estate. Whether you know it or not, you also have an estate plan. The state has one for you free of charge (well, sort of) if you don’t get around to writing a will or designing a plan of your own.

Broadly speaking, an estate plan encompasses the accumulation, conservation and distribution of an estate. A good plan will enhance and maintain the financial security of individuals and their families.

When you’re developing a plan for your estate, it’s important to understand your entire financial picture. That’s where Y.I.S. Financial Inc. comes in. Working with your tax and legal advisors, we will help coordinate your investment strategies to help ensure that your plan reflects your wishes for your legacy.

Three Reasons to work with Y.I.S. Financial Inc.


You want professional advice to achieve your financial goals

You may not have time, interest or knowledge to make your own investment decisions. A Y.I.S. Financial Representative can provide you professional advice to stay on track to achieve your financial goals.


You need help understanding and choosing investments

How do you choose investments that will help you reach your financial goals? Y.I.S. Financial Inc. can help you develop an investment strategy to fit your goals and your comfort level with risk.


Your life has changed and you need help updating your plan

When your life changes, consider how the change affects your plan. You might get a pay raise and need to update your plan to decide what to do with the extra money. Will you save it, spend it or pay down debt? How will your financial goals change if you get married, start a family, get divorced or approach retirement?

Y.I.S. Financial Inc. can help you adjust your plan as your life changes. They can also help you set priorities if you have goals that conflict.

Get Started Today!