Do more for your family
Financial planning is inherently a very personal thing – or at least it is at Wiegers Financial & Benefits. Our process is uncommonly comprehensive, but what sets us apart is our commitment to getting to know you on a personal level. What gets you excited? What do you want to achieve? What matters to you and your family, both now and in the years to come? This is the soft side of our process, and it forms the all-important foundation of the financial plan we will custom-design on your behalf. We will then assist with the implementation of your plan and, based on regular dialogue with you, modify the plan to ensure it continues to meet your needs and expectations.
Our process is as effective as it is reassuring and comfortable, and will involve regular discussions with you about any number of the following:
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Cash Flow and Debt Management
Our financial planning process will involve an analysis of your cash flow (which is often low) and current debt levels (which are often somewhat high). Whether high or low, don’t worry. We will make recommendations on how you can make the most efficient use of your cash, and what you can do to most effectively pay down your debt as quickly as possible.
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Risk Management
No matter your stage in life, risk management concerns how you protect the biggest asset you have: your ability to earn a living. Wiegers Financial & Benefits will show you how to manage this risk, reducing the impact that a serious event would have either on you or on those closest to you. Proper planning may have a major impact on your financial stability as you progress through the different stages of your life and career.
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Education Planning
Do more for your kids. Through expert guidance in education planning and budgeting, you can ensure that your children are able to explore their passion, whatever it may be. Wiegers Financial & Benefits will ensure that you are well-educated on all aspects of education savings programs that are available today. We will ensure that you also understand the tax implications that go along with each program.
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Retirement Planning
As you move from the accumulation phase to the income phase of retirement planning, a new element of planning needs to kick in, something often overlooked. The main question that needs to be answered is whether you have enough money to retire. How will your investment risk level need to be adjusted to deal with preservation and volatility while at the same time allowing you to sleep comfortably every night?
The primary focus here is on your plan. When and at what economic scale do you want to retire? Do you want to travel, buy property, or spend money on other major expenses? All of these things will need to be taken into account when putting your retirement plan together with your advisor. Wiegers Financial & Benefits will provide you with expert advice and recommendations on all of the investment products available, including mutual funds offered through Manulife, segregated funds (with guaranteed withdrawal options), annuities, and many other products currently available in the marketplace.
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Investment Planning
Very early in your career, or when you’re a student, long-term investment planning might be low on your priority list. Wiegers Financial & Benefits will show you how to maximize return on the types of accounts you have right now. Are you maximizing the investment return on your savings account? What fees are you currently paying? If we take a longer-term focus, we can illustrate the impact that a delay in investing can have on your long-term accumulation.
The key at this stage is not how much you can invest, but rather when you can start investing. We can show you which investment products (including Tax-Free Savings Accounts, Guaranteed Investment Certificates, segregated funds, mutual funds, and fixed-income investments) will work best for you.
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Tax Planning
Whether centred around wealth accumulation, capital preservation, income planning or risk management, tax minimization will be a vital piece of the financial plan we custom-design for you, now and as it evolves over the long-term. At Wiegers Financial & Benefits, it is our job to not only recommend investments that have the greatest chance of providing the highest return, but also in collaboration with your team of tax and accounting specialists, to recommend strategies to keep as much of your money in your pocket as possible.
The type of tax planning that will take place will deal with how and where you are generating your retirement income in the most tax-efficient method possible. The other part of the tax plan will be to determine how your estate can be transitioned to your beneficiaries in the most tax-efficient method possible.
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Estate Planning
Estate planning is as important to financial plans as tax planning. Understandably, most people want to ensure the orderly transfer of their estate to their beneficiaries, and they want their beneficiaries to receive as much (and the government to receive as little) of the estate as possible. Our advisors are knowledgeable about all tax laws which govern the transfer of investment and other assets at death, and can determine the best way to structure your current holdings. We will also, if appropriate, advise you on the subject of living wills and powers of attorney and, at your request, refer you to a lawyer for more detailed estate planning.
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