COVID-19: A Message from DFSIN Toronto West Team

Stay Connected with us


Financial Advice

Financial Planning from Desjardins Financial Security Independent Network

When it comes to managing your assets, working with an experienced expert is important if you want to ensure you achieve your financial goals. That’s why our team from Desjardins Financial Security Independent Network (DFSIN) offers comprehensive financial planning and individual savings solutions for a variety of different needs.

At DFSIN, it’s our goal to help you protect your retirement income, your estate, and your savings, while still achieving your investment goals.

 

Different Aspects of Financial Planning & Management

When it comes to financial planning and management, there are a variety of different aspects to consider, such as:

  • Estimating your life expectancy: Having a clear idea of your life expectancy will help you manage your assets when working with a trusted financial advisor. Some of the things that will affect it include the life expectancy of your gender, your state of health, whether you or a family member has ever been diagnosed with a critical illness, as well as other factors, like what age you plan to retire.
  • Determining Your Financial Health & Well-Being Zone: Determining your financial health and well-being zone is one of the best estate planning places to start. This entails assessing whether you have the right life and health insurance coverage, estimating your financial security, and determining whether you’ve made all the right moves in planning for retirement.
  • Planning Your Retirement: Piggybacking off of the point above, taking an in-depth look at your retirement plans is essential. Doing so will give you a good idea of what type of resources you’ll need to be comfortable down the road. Do you want to travel when you retire, start a big new project or spend it with family relaxing? All of these should play a big part in planning for the future.

The Value of a Trusted Advisor

When it comes to your financial planning, nothing is more valuable than working with one of the trusted advisors from DFSIN. This is due to a number of reasons, the first being that an experienced advisor will have all the necessary resources at their disposal to assess your assets and determine the best route for your financial expectations. They’ll always be available to answer any questions you have, so you’ll never have to make an important financial decision without first knowing all of the risks and rewards it can reap.

Additionally, a trusted advisor will be able to explain more in-depth options at your disposal, such as the differences between mutual funds, which offer lower fees and a variety of investment options; or segregated funds, which provide maturity and death benefits and lock you in your market gains.

Individual Investment Options Available from DFSIN

We understand that everyone has different goals and expectations when it comes to managing their assets, which is why we offer our clients a variety of individual investment options, including:

  • Guaranteed Investment Funds: These types of investment funds help you protect your retirement and estate by offering guaranteed returns. The guaranteed investment options from DFSIN can be designed to provide individual benefits like helping you protect your savings at a reasonable cost while also making it much easier for family members to receive payment in the event of your death. Expanded plans also provide a death benefit that’s reset each year based on inflation or market growth, as well as tools to protect your assets against inflation and market downturns.
  • Fixed-Rate Term Investments: This investment solution offers a guaranteed return at maturity, protection against market downturns, added security (interest-rate and investment term known from the start), and capital guaranteed at death. It also offers compatibility with several different plans, like RRSP, TFSA, and non-registered plans. Additionally, those already 65 and older can be eligible for pension income tax credits or pension income splitting.
  • Market-Linked Term Investments: A market-linked term investment is a plan where your returns are linked to the security of well-known companies and brands. Some of the advantages include a guaranteed minimum return, no management fees, potentially higher returns than a fixed-rate term investment, and eligibility for registered savings plans.
  • Annuities: These are long-term contracts that provide guaranteed income. DFSIN will manage your savings and you receive all of the benefits. This means a predictable, guaranteed income that shelters you from market fluctuations. Depending on what type of annuity you choose, you can receive regular payments for a set period of time or until you die.
  • Registered Retirement Savings Plan: Also known as an RRSP, this plan is for anyone below the age of 71 that earns taxable income and wants to begin saving for retirement. Some of the advantages include being able to use a portion of your funds to pay for school, or purchase or build a home. You’ll also be able to take advantage of tax savings and refunds.
  • Tax-Free Savings Account (TFSA): Designed for anyone over the age of 18 that wants to grow their savings account without having to pay taxes on it, a TFSA enables you to earn tax-free interest on your investments and the best part is there’s no age limit, meaning you can continue saving even during retirement. TFSAs also enable you to make withdrawals without affecting your eligibility for income-tested credits or benefits.

Let us be your financial managment experts, contact us today!

Are you saving for retirement or putting money away for the future? If so, working with a trusted financial advisor is one of the best ways to ensure your assets are safe, secure, and generating the most returns possible.

We serve all of:

  • Brampton
  • Mississauga
  • Etobicoke
  • Oakville
  • Burlington

To learn more about how to make this happen, contact the team of Financial Advisor from DFSIN online today for a FREE assessment or call (416) 695-1433.

Learn more about the benefits of Critical Illness Insurance with these related posts.