6 Financial Goals to Discuss With Your Financial Advisor + MORE Jun 10th

Two young men who finished university without applying for student loans give advice to others on how to cut expenses.

Why should you hire a financial advisor? The main reason isn’t just to make you rich (though that would be nice!). A good financial advisor actually offers you a complete picture of your overall financial situation, and can help you create a plan for your future that is fiscally sound.
In crafting a strategy for your money, expect to talk about all aspects of your life. Here are some factors that will be a part of your smart financial goals planning and strategy:
Setting Up Your Savings Toolbox
Planning for your future is not just about saving for retirement. An advisor will make sure you are saving for your senior years through a registered retirement savings plan (RRSP) and possibly a tax-free savings account (TFSA). However, they should also help you set up an emergency fund, deal with paying off your mortgage, plan for renovations and save for your children’s future. Part of a future financial plan also includes insurance. Your advisor may talk about life, disability and other insurance plans that will ensure that you’re not at risk of losing your savings because of something unexpected…

Savings, day-to-day expenses and home improvement are other priorities for tax refunds, a survey by the Chartered Professional Accountants shows.

The preliminary numbers from the March fiscal year end are in for Canada’s deficit, and there’s some good news: it has decreased to $18.3 million, compared to $21.6 million as of last year. It’s an indicator the federal government’s plan to cut the deficit is on track, and it’s good news for the Conservative government, which looks to balance the books by 2015.
A lower deficit is also very impactful for the average Canadian. Let’s break down the numbers and take a look at how the deficit factors into our nation’s economy recovery, and what it means for Canadians.
Breaking Down the Numbers
The Conservative government’s cost cutting plans look to be paying dividends. A decrease in program expenses lead to $3.4 billion in savings. This is largely due to job restructuring in the public sector, as the federal government looks to downsize its bloated workforce. Canada’s excellent credit rating also looks to be paying off; public debt charges are down by $2 billion, as we saved on interest payments our federal debt…

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Saving for retirement, paying down your mortgage, preparing for your child’s education; it’s easy to be overwhelmed by life’s financial goals. When it comes to your hard earned money, sometimes it’s in your best interest to ask for a helping hand.
A financial advisor can set your savings on the right track, introduce you to investment opportunities, and help you identify the best strategy for your money. Check out our guide to picking the right pro.
Do You Need a Financial Advisor?
It’s time to come clean: are you in need of some professional help? Even if your savings or investments are small, working with a financial advisor can effectively grow your money.
Read on to learn more about the benefits of seeking financial advice, and understanding your financial advisor’s fee structure…