Business and Personal Financial Planning

What is Financial Planning?  How can it help?

Many people think the job of a financial planner is to sell life insurance and investments for meeting specific goals like a secure retirement, a business succession plan or paying estate taxes. We do that, but I believe our most important function is to help clients achieve their lifetime goals.

 “Financial Planning is a process that provides a client with impartial assistance in analysing and organising personal financial affairs in order to achieve financial and lifestyle goals in a tax effective manner.”    

We follow the generally accepted financial planning guideline suggested by the Financial Planners Standards Council - influenced by training, experience and by Freedom 55 Financial.

What is Business Succession Planning?

Business succession planning  is really an extension of your personal estate planning, but with a focus on the future operations of your business. Planning for retirement, planning for your heirs (in and out of the business), your employees upon your death, and planning for the person who takes over the reins of your business are closely tied together. However, your planning objectives in each of these situations may be different. A business succession plan determines how your business will be transferred to others and outlines the steps necessary to prepare for the transition. Whether or not you are keeping the family business in the family you should take time to find the best business succession plan.

Site Objectives

In an effort to continuously improve, we appreciate your feedback.

jpw.ca is designed with you in mind, to help you better understand the comprehensive or integrated financial planning process. You then will be better able to set your priorities and determine how going through a comprehensive or directed planning process could potentially benefit you. (A directed planning process follows the same procedure only focusing on one area - Investment Policy Statement, Family Business Succession, Insurance Review, Retirement Planning or Estate Conservation/Maximization for example)

By searching our site you will also find some practical and useful financial planning information, articles, calculators, tools, links, some planning opportunities ,an educational  GIFT introducing lifestyle planning and information on a financial planner career.

 

The site is organized as follows:

 Our Profile

Our background and qualifications

Our Planning Process

A visual overview

Benefits and Features

What you want and how our process can help you along with a step by step outline of the planning process

Business Succession Planning

Many small business owners do not have a business succession plan in place leaving them unprepared for retirement, disability and death. Business succession is really an extension of your personal estate planning, but with a focus on the future operations of your business. Planning for retirement, planning for your heirs (in and out of the business), your employees upon your death, and planning for the person who takes over the reins of your business are closely tied together.

What is a Successful Retirement? - Top 10

Success means different things to different people, research conducted in both Canada and the United States by the Centre for Retirement Success and others indicates the 10 most common factors that contribute to a successful retirement are reviewed.

Managing My Life: Planning My Retirement

It will help you develop a much greater awareness of what to expect in retirement, and encourage you to consider a range of lifestyle activities and second careers which are directly related to your strengths, skills and interests. It will help you plan your retirement effectively also make the right retirement decision, if you are offered an early retirement option by your company.

What prompted you to develop the Enhanced Lifestyle Planner? - an interview with George Beshara, the Author/Developer of The Enhanced Lifestyle Planner and Co-Founder of North American Lifestyle Planning Corporation.

Investing as a process  - including the most important component of investment success

Understanding Estate Planning

The principal objective of estate planning is to ensure that your property is managed most efficiently during your lifetime and that your wishes are carried out most effectively after you die.

Choosing Your Financial Planner

Some factors to consider when choosing your financial planner.

Financial Links

Links to financial planning related web sites including information specific to Nova Scotia.

Investment Calculators

 A number of very informative financial calculators for your use.

Newsletters

Available for viewing and subscription information.

Articles and information

Including:

	How to draw a retirement income
	Like a guaranteed income?
	Investing in fluctuating and / or rising markets
	Tax Efficiency Factors
	Retirement planning for business owners
	Business Succession Planning
	Keeping the Family Business in the Family
	Take Time to Find Best Business Succession Plan
	Investing as a process (including "the most important component of investment success")
	Understanding Estate Planning
	Estate Planning Worksheet
	Careful charitable giving benefits benefactors

Financial Planning Career Opportunity

Explore a career with Freedom 55 Financial

Planning Opportunities

Although we promote the importance of comprehensive financial planning, we also realize that you may have some priorities that you want to deal with first.

In this section you will find an overview of several financial planning objectives / concepts / strategies and a client profile for each.

Contact information and Feedback

Contact options, feedback and a "You Set the Priorities" checklist