Financial goals – A new year is upon us, and that means it is an opportune time to think about your financial goals. It’s never too late to develop or improve your savings habits, whether you’re just starting out, well on your way to retirement readiness, or somewhere in between.
There are a few questions you can ask yourself to get started:
- What are my financial goals?
- How much financial risk am I comfortable taking, if it means my returns might be higher?
- Do I have outstanding high interest debts to pay off?
- Do I need assistance and guidance from a financial advisor?
Working with a financial advisor can help you save more and increase your wealth over time. In fact, Canadian research shows that people who have had a financial advisor for 15 years or more have 3.9 times the savings of similar people who do not have an advisor. Simply having an advisor can encourage people to save regularly and save more.
If you don’t think you have enough money to work with an advisor, think again. More than half of advised investors started working with an advisor when they had less than $25,000 @ and roughly one quarter had less than $5000.00.
It’s your money. Do your research and choose an advisor you trust to answer your questions and provide good investment recommendations. It’s the first step on the path to meeting your financial goals and becoming retirement ready.
Find more information online at investorcentre.ific.ca/
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