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The Kanata branch of yourCFO Advisory Group Inc. is one of the rare Ottawa area companies that uses a proven life-planning process. Although we also provide regular comprehensive financial planning services, we believe that Life Planning is a better solution for our clients.
Financial Planning is about crunching numbers, and financial tactics and products that will meet financial objectives.
Life Planning is about your life. It’s about creating a satisfying and fulfilling vision of life, and then discovering how best to achieve that vision.
With Life Planning, you participate in every step of the planning process. You align lifestyle decisions with effective financial-planning tactics that suit you.
Life Plans are about your vision your way.
The main components of a Life Plan:
Values
What are your most important family values? They largely determine what you want in life. Life plans begin by asking you to prioritize your most important family values.
Vision
What are the things that you have and do now, and would like to have and do in the future? Life plans help you clarify your vision of life in four areas: home, lifestyle, family, and career. Life plans recognize that your immediate wants are just as important to you as your long-term planning needs.
Details
When do you want to have and do things, and what do you think they will cost? Life plans let you attach details to your vision exactly according to what you want. For example, we can model semi-retirement and a less active lifestyle as you age.
Solutions
Will your current actions achieve your wants? Life plans provide a complete financial forecast. To learn what effective actions you could take, we use our advanced life-planning software to model and compare “What if?” scenarios.
Common Questions:
What should I expect from a life plan?
No one knows exactly what result you’ll get. You can imagine the future that you want, but no one can assemble all of the intricate pieces of the puzzle. Only computers can. To create your life plan, we use advanced life-planning software to uncover what you will need to do to get what you want.
But I already have a financial plan...
Was it was created by an advisor for you? Does it focus on financial-planning tactics? A life plan is created with you, and blends lifestyle decisions with financial-planning tactics. In the long term, lifestyle decisions usually have the greatest impact.
Why haven’t we heard / talked about this before?
Life plans have only recently been possible. They are created with advanced life-planning software, which require today’s computer-processing power.
Please call us for more details.
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