Ken Zawalykut | www.kenzawalykut.caEmail: ken.zawalykut@ipcsecurities.comPhone: 905.372.0800What Young CouplesNeed ToFinan...
It’s All About Assets andLiabilitiesYou need to protect the things you have:•Your home•Your belongings•Your income•Your fu...
Your Home• If you have bought a house, is the mortgageprotected?• Does your homeowners insurance protect youagainst all re...
Your Belongings• Does your insurance policy coverthe cost of car rental if you are inan accident?• Are you protected from ...
What Happens if You Lose Your Income?• Do you have coverage if one partner orthe other were to be injured or suffer froma ...
What Does Your Future Hold?• If you are planning for children, should you open aRegistered Education Savings Plan• Did you...
What Are Your Liabilities?1. Mortgage on home2. Mortgage on cottage cottage3. Personal debt• Credit card• Automobile loans...
Your Needs Are DifferentAs a young couple, your needs are different now than they will be in 30years. The advice you are g...
….Call or email todayKen ZawalykutFinancial AdvisorIPC Securities Corporation24 Covert Street, Suit 201Cobourg, ON K9A 2L6...
….Call or email todayKen ZawalykutFinancial AdvisorIPC Securities Corporation24 Covert Street, Suit 201Cobourg, ON K9A 2L6...
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What young couples_need_to_know_about_financial_planning

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The truth is young couples need financial planning as much as anyone, maybe even more so. In Cobourg The good news is that they can access the over 30 years of experience that Ken Zawalykut has in the financial services field. Ken has provided his professional advice and care to hundreds of clients in that time. His broad experience in determining the planning needs of each person he works with help him to meet any new clients requirements.

The situation a young couple finds themselves in can change very rapidly because of their career, moving to a new home or the arrival of children. Ken can help them find a safe and secure financial plan through all of the changes in their life situations.

Ken Zawalykut - Financial Advisor
24 Covert Street #201
Cobourg ON K9A 2L6
Canada
(905) 372-0800

http://www.youtube.com/watch?v=TcrevCGluQ0

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  • Paul: Everyone likely has their own process for Retirement Income Planning , but the steps provided here are a guideline you can either compare your current process to, or adopt if it will give your current process more structure: the major steps are: Determine retirement objectives Review assets and forecast potential income sources Forecast income needs Compare 2. and 3. Develop plan Monitor and review
  • Paul: Everyone likely has their own process for Retirement Income Planning , but the steps provided here are a guideline you can either compare your current process to, or adopt if it will give your current process more structure: the major steps are: Determine retirement objectives Review assets and forecast potential income sources Forecast income needs Compare 2. and 3. Develop plan Monitor and review
  • Paul: Everyone likely has their own process for Retirement Income Planning , but the steps provided here are a guideline you can either compare your current process to, or adopt if it will give your current process more structure: the major steps are: Determine retirement objectives Review assets and forecast potential income sources Forecast income needs Compare 2. and 3. Develop plan Monitor and review
  • Looking specifically at OAS, an important consideration is that it is clawed back by 15% of income above approx. $66 K (and so fades out to $0, at an income of around $108,000). How can you help clients maximize OAS? By reducing their net income where possible Client considerations: Split CPP/pension income with spouse? Delay taking CPP benefits (this also increases CPP received by 0.5% per mo. of delay) Take only RRIF minimum, supplement with TFSA Base RRIF payments on younger spouse’s age RSP contribution possible? Deduct Non-reg. investment fees
  • What young couples_need_to_know_about_financial_planning

    1. 1. Ken Zawalykut | www.kenzawalykut.caEmail: ken.zawalykut@ipcsecurities.comPhone: 905.372.0800What Young CouplesNeed ToFinancial PlanningKnow About
    2. 2. It’s All About Assets andLiabilitiesYou need to protect the things you have:•Your home•Your belongings•Your income•Your future
    3. 3. Your Home• If you have bought a house, is the mortgageprotected?• Does your homeowners insurance protect youagainst all reasonable risks?• Will you be able to manage if one of you isinjured and your income reduced or eliminated?• Do you have a realistic plan to reduce yourinterest costs by paying down the principle?
    4. 4. Your Belongings• Does your insurance policy coverthe cost of car rental if you are inan accident?• Are you protected from loss by fire,theft, water damage or wind damage?• Do you have important family papersor documents that are irreplaceable?• How much would it cost you to replace your belongings ifthey were lost to a fire? Have you documented what youown?
    5. 5. What Happens if You Lose Your Income?• Do you have coverage if one partner orthe other were to be injured or suffer froma long term illness?• What would happen if one partner wereto pass away?• Do you have plans for one partner to stopworking to care for children?• Do you have money safely invested tocover one partner losing their job for 3-6months?
    6. 6. What Does Your Future Hold?• If you are planning for children, should you open aRegistered Education Savings Plan• Did you know that savings in your Tax Free SavingsAccount can be transferred into an RRSP in the future?Should you be planning for that?• Do you understand how to take advantage of yourRRSP and the Home Buyers Plan• Do you have an RRSP, and does it make sense for youto have one now, or are there other things you shouldbe doing with your money?
    7. 7. What Are Your Liabilities?1. Mortgage on home2. Mortgage on cottage cottage3. Personal debt• Credit card• Automobile loans• Line of credit1. On-going expenses for dependant child or parent care
    8. 8. Your Needs Are DifferentAs a young couple, your needs are different now than they will be in 30years. The advice you are getting others may reflect their understanding ofTHEIR situations more than it does their understanding of YOURS.Planning professionals receive training in a broad range of circumstances,They also get to personally assist clients across a wide spectrum ofsituations.You can not be expected to think of everything yourself. That is why itmakes financial and tax sense to sit down and go over your financial planswith a trained and trusted advisor.You are looking forward to a long and happy life together. Make sure youunderstand what you need to meet your financial needs, now and in thefuture!
    9. 9. ….Call or email todayKen ZawalykutFinancial AdvisorIPC Securities Corporation24 Covert Street, Suit 201Cobourg, ON K9A 2L6Phone: 905.372.0800Email: ken.zawalykut@ipcsecurities.comWebsite: www.kenzawalykut.caFor a Comprehensive Look atYour Financial PlanningNeeds…Trademarks owned by Investment Planning Counsel Inc. and licensed to its subsidiarycorporations. Investment Planning Counsel, is a fully integrated Wealth ManagementCompany. Mortgage broker services provided by IPC Save Inc. (Ontario Lic. #10227).Mutual Funds available through IPC Investment Corporation and IPC SecuritiesCorporation. Securities available through IPC Securities Corporation, a member of theCanadian Investor Protection Fund. Insurance products available through IPC EstateServices Inc.
    10. 10. ….Call or email todayKen ZawalykutFinancial AdvisorIPC Securities Corporation24 Covert Street, Suit 201Cobourg, ON K9A 2L6Phone: 905.372.0800Email: ken.zawalykut@ipcsecurities.comWebsite: www.kenzawalykut.caFor a Comprehensive Look atYour Financial PlanningNeeds…Trademarks owned by Investment Planning Counsel Inc. and licensed to its subsidiarycorporations. Investment Planning Counsel, is a fully integrated Wealth ManagementCompany. Mortgage broker services provided by IPC Save Inc. (Ontario Lic. #10227).Mutual Funds available through IPC Investment Corporation and IPC SecuritiesCorporation. Securities available through IPC Securities Corporation, a member of theCanadian Investor Protection Fund. Insurance products available through IPC EstateServices Inc.
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