Planning Basics How are you planning to reach your goals?
Your values and goals have been set and align with where you are, you have been able to keep on track as far as your budget stretches and your savings have been accumulating.
You may be at a critical life stage — such as starting your first job or having a family or planning for retirement in the next 5-10 years. What are your next steps?
- Do you establish a relationship with a financial adviser? Are you ready to meet with a financial adviser to determine how you can make your money work for you?
- Do you need a low-risk investment that will allow you to put aside savings for a down payment on a house? Or do you meet with a financial adviser to start planning for your retirement (even if it is a long way off)?
- Do you need to protect your income and your family in the event of death, disability or a critical illness? How do you find a licensed insurance representative who can talk to you about the pros and cons of life, disability or critical illness insurance? Are they registered?
- Are you thinking about leaving money to your children or to a charity? Should you be looking at estate planning?
MoneySmart Manitoba can help you with these questions.