People who follow a plan have a higher probability of achieving their goals than those who act on their emotions or make frequent changes based on the events of the day. We believe that thinking and acting for the long-term is key to planning success and this lies at the center of how we manage clients’ financial plans.

Do You Have a Solid Financial Plan in Place?

Creating and maintaining a sound financial plan involves a detailed review of your entire financial picture and proactive recognition of your evolving needs. When aspects of your life are in transition, having a financial plan will help you make informed choices and provide you with a financial peace of mind.

At Keyes Financial Strategies, we believe the ability to build wealth is a result of following through with a comprehensive plan. When you have the right financial plan for your circumstances, you can balance what you need and want today with the personal goals you have for the future. You won’t wonder whether you can afford the vacation or the house or the college tuition – you’ll know. A good plan will help you live the life you want with the resources you already have.

• Have you had a comprehensive financial plan prepared or updated within the past five years?
• Do you know your current asset allocation and your risk tolerance?
• Do you know the rate of return you’re earning on assets after fees?
• Do you know how much capital you will require to meet your retirement goals?
• Are you income-splitting as effectively as you can to reduce taxes?
• Will there be enough money for children’s post-secondary education?
• Will you be mortgage free by retirement?
• Are you prepared for unexpected financial emergencies?
• Have you considered the potential costs of future health care?
• Is your plan being regularly reviewed and adjusted to ensure you’re on track?

In an effort to stay healthy, you make seeing your doctor a priority. Your doctor knows your medical history and, if there is a problem, can recommend a course of treatment. The same concept applies to your finances - regular checkups can go a long way towards improving your financial health. Whether your goal is to save for retirement, reduce debt, or buy a house, you don't have to do it alone.

You may want to seek advice from a CFP professional if you:

• Want to better manage your finances but aren’t sure where to start
• Don’t have time to do your own financial planning
• Want a professional opinion about your financial plan
• Don’t have sufficient expertise in certain areas such as investments, insurance, taxes or retirement planning
• Have an immediate need or unexpected life event

Just like an annual checkup with your doctor, a regular review of your financial plan with a CFP professional is important to your overall financial health.