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Financial Planning

 

What is Financial Planning?

Financial planning is about setting your goals and making them happen. It’s a documented roadmap of your short and long-term priorities, with a clear strategy for how you’ll use your money and assets to achieve them. Whether it’s building a savings or investment plan, creating a will to protect your family, or ensuring financial security for your loved ones in the event of your premature passing, your plan is designed to turn your goals into reality.

It's always the right time to review or create a financial plan that aligns with your unique objectives. Together, we can structure your pension plan, retirement savings, and other assets to ensure you meet your specific goals. We're here to take that step with you, crafting a Financial Plan tailored to your and your family’s needs.

Our Process

We start with prioritizing your goals and think about what you want to achieve, but also think about some hurdles which you may have to overcome as well. Once you’ve set your goals, we will help you design a solid, yet fluid financial plan to make them happen in the most efficient and practical manner possible. One of the key success factors of financial planning is getting organized; being in control of your money rather than letting your money control you.

Our six step financial planning process below is simple yet highly effective:

Establish your goals in life

Prioritize which goals you want to happen first, second, and third. We will work closely with you to define your personal and financial goals, understand your time frame for results and discuss how you feel about opportunity, risk, and stability.

Develop a plan

Your plan will specify the necessary action items to achieve your specific goals. It will identify what you will need to implement, adjust, and create in order to get you on track to accomplishing you and your family’s goals in life. Your plan is the roadmap to achieving your goals.

Evaluate how close you are to achieving your goals

You will need to analyze your information to assess your current situation and determine what is required to meet your goals. Analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies is necessary at this stage of planning.

Examine your current assets

This step requires gathering your relevant financial information and statements. Documents such as your investment accounts, pension statements, mortgages, and any wills are critical to review prior to getting the advice you need.

Implement your plan

Follow your plan’s recommended changes and make it happen. Putting your plan’s recommendations into action one by one will ensure immediate results and ultimately get you and your family where you need to be. These concrete action steps will keep you on track.

Monitor your plan and make adjustments when needed

Your plan will need to be regularly monitored as you progress towards your goals. As life happens and changes occur with your goals, work, family, and otherwise, it is important to review your situation and adjust your plan on an ongoing basis.

The Benefits of Comprehensive Financial Planning

At Integrity Plus Financial, our financial planning process takes a holistic view of your unique situation. We start by listening to your specific goals and objectives, then thoroughly analyze key areas such as your pension plan, registered assets, general investments, and company savings plans. After completing our analysis, we focus on creating a coordinated plan tailored to help you achieve your goals and objectives and make them happen.

A Comprehensive Financial Plan will help you:

Optimize any company savings, pension, and other group benefits.

Define and quantify your goals as they relate to you and your family.

Protect your loved ones in various scenarios and situations.

Create an estate plan to provide for your loved ones before and after you are gone.

Determine your proper investment strategy.

Identify the optimal savings amount for your goals.

Minimize your current and future taxes.

The Result? Implement a comprehensive financial plan to achieve your specific family's goals in the most efficient and prudent manner possible.