Financial Planning – more exciting than you’d think


November is Financial Literacy Month and the week of November 16th–22nd is hailed as Financial Planning Week.  Prominent not-for-profit organizations, Financial Planning Standards Council (FPSC) and the Institut québécois de planification financière (IQPF) strive to raise awareness of financial planning as fundamental to the financial well-being of Canadians. 

More than twenty-five years ago in Canada, the role of financial planning emerged as a recognized professional discipline; the art and science of asking more and deeper questions about what mattered to Canadians with respect to their financial futures.

With today’s baby boomers looking to transition out of the work force into another phase of life, which may or may not include some paid work, they’re asking: “What does the future look like for me?”

We’re glad you’re asking.  It is troubling how many people have no idea how much money it takes to pay the bills today and, therefore, no idea of what it takes in their next phase of life.  And if you don’t know how much it takes today, how will you know how much to save, or even how to save, for your future? 

Statistics show that if you show people the numbers, they actually save more.  Sure, how you invest is important, but not as important as the dollars you save from your paycheque. 

Worry about money is a leading cause of anxiety and divorce.  Having your own personal financial plan - a vision of your future -  can help you sleep better.   When asked if they could give one piece of advice to people still preparing for their retirement, 62% of retired Canadians suggest that pre-retirees be realistic with finances and plan ahead (2014 Horizons Retirement Report).

There can be more than one way to solve a problem.  Financial planning involves looking at alternative solutions.  “Budgeting” can sound restrictive, so call it a “Prosperity Plan”— it’s not what you can’t do, but what you can do!

See a financial planner as your personal trainer and accountability partner.  Financial planning is the culmination of saving, spending, paying the least amount of income tax, and investing - and in that order! 

Take up the baton and engage your Rogers Group Financial advisor.  See the goal and ease the worry.  Get your Prosperity Plan going today!

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Why do we plan?

Knowing where you are translates into knowing where you’re going, and we hope to provide every client with the trust and confidence to navigate through the waters of their financial lives.

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