Do you have a plan in place to manage your income and expenses?
Are you saving enough money on a regular basis for your retirement and for emergencies?
Are you paying more taxes than you should?
Are you unhappy with your portfolio?
Have you adequately covered life's risks with adequate insurance?
Are you concerned about your retirement?
Do you have an estate plan?

Contact us for a free review.  At the conclusion of that interview, Mr. Bennett will give you a firm quote regarding the cost, which is tax deductible.

A Bennett Financial Personal Financial Plan will involve researching and analyzing your current family and financial situation to ascertain your needs, goals, and financial capabilities.  In general, the resulting plan will include the following topics:

• CLIENT PROFILE - an overall description of your current family situation.
• STATEMENT of YOUR GOALS – this will involve articulating your goals in measurable terms so that you can assess you plan implementation. 
• CURRENT FINANCIAL POSITION – this will involve reviewing your current financial situation by ascertaining your: 
  • net worth,
  • cash flow situation,
  • budget planning,
  • debt situation:
    • type of debt,
    • debt management,
  • current cash-flow situation.

• DETAILED ANALYSYS OF YOUR CURRENT INVESTMENTS – this will include all assets and asset types, not just securities.  This will involve determining and describing:
  • the current asset types that you own,
  • the asset mix ratio of your investment portfolio,
  • the degree of liquidity of your assets,
  • your level of risk tolerance.

• FINANCIAL PLAN ASSUMPTIONS – this process will involve reviewing your goals and then examining the validity of the assumptions being made in the plan specifically in relation to:
  • inflation rates, 
  • growth rates, 
  • life expectancy,
  • future family scenarios.

• INCOME TAX PLAN – this will involve:
  • a general description of the tax system,
  • a review of your current tax situation, 
  • outlining several tax saving strategies and suggestions.

• SAVINGS PROGRAM – an effective savings program is the cornerstone to successful investment planning.  This section will demonstrate:
  • several saving strategies to fit your personal situation,
  • an effective bank account structure,
  • tax free savings accounts,
  • an income allocation plan.

• INVESTMENT PLANNING – the investment plan needs to match your long term goals and take your risk tolerance into consideration.  The plan will discuss:
  • the various investment criteria,
  • the various types of investments, that you currently own or may own in the future.  This description is not limited to securities but will also include real estate, precious metals etc.,
  • current and desired asset allocations,
  • a variety of strategies and suggestions.

• EDUCATION PLANNING – the plan will demonstrate a variety of tax reduction and deferral strategies to save for your children's or grandchildren’s education including:
  •  registered education savings programs,  
  • 'in trust' accounts.

• RETIREMENT PLANNING – the plan will show you how to integrate the various aspects of your investment portfolio with your:
  • registered savings plan,
  • registered income funds and annuities,
  • corporate pensions,
  • government pensions.

• INSURANCE PLAN - description of need for risk control and purpose of life, property, automobile, disability, and business insurance.  A suggested optimum plan will be given.

• ESTATE PLANNING – purpose of this part of the plan is to maximize the estate that you pass onto beneficiaries, while minimizing your estate taxes and meeting your goals.  It will discuss:
  • the necessary components of your will, 
  • the use of joint tenancy,
  • designating beneficiaries,
  • personal gifting,
  • charitable giving,
  • using family corporations,
  • the use of trusts.

• ‘THINGS TO DO’ CHECKLIST – this is a quick point-form personalized review list of what to do and when to do it.  This list is invaluable to the implementation of your plan.

• IMPLEMENTATION and FOLLOW-UP – this process will involve some guidance and answers to questions as implementation of the plan takes place.

Let a Bennett Financial Personal Financial Plan set You on the road to Financial Independence. 
Contact us today for a free no obligation interview.