Edmonton Retirement Planner

Financial Steps to Follow to Invest in your Financial Future

Take a good look at your overall personal financial situation at least once a year.

An up to date net-worth statement is the starting point for any financial plan.

Establish precise dollar requirements as a basis for investment decisions.
Assess how much it costs to maintain today's lifestyle. Then, project this number to the date of your retirement to see the impact of inflation on your cost of living and income requirements.

Cut costs as a matter of necessity - or opportunity.
The most fundamental way to increase your net worth at any time is to spend less of the income you earn

Whatever your income, make sure that you are the first beneficiary.
Some Canadians fatalistically invest "what's left" at the end of the month. Unfortunately, this approach means you are last in line to benefit.

Invest from a position of knowledge.
An informed investor is a better investor, consider taking one of the many investment courses offered in your community

Make Tax efficient investing a priority.
Paying taxes is one of life's realities. But, with sound planning, you can considerably reduce the amount of taxes you pay and invest the difference

Keep your estate in mind.
Everyone should have a will. Without some planning, your estate will pay more tax to the government than would otherwise be necessary

Be flexible.
Life has a way of dealing out surprises that can outdate today's assumptions. This dictates that your plan be flexible, not carved in stone

Work in co-operation with a investment fund representative you trust.
It should be apparent by now that establishing a financial plan takes time, knowledge and the detached perspective that only a third party can bring to the process

There are few guarantees in life, by talking to your investment fund representative about a financial plan, your chances of financial success will improve dramatically.

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Commission, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the prospectus of the mutual funds in which investments may be made under the asset allocation service before investing. The indicated rates of return are the historical annual compounded total return assuming the investment strategy recommended by the asset allocation service is used and after deduction of the fees and charges in respect of the service. The returns are based on the historical annual compounded total returns of the participating funds including changes in the share or unit value and reinvestment of all dividends or distributions and does not take into account sales redemptions, distribution or optional income taxes payable by any security holder in respect ;of a participating fund that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of Dundee Wealth Management, its subsidiaries, or its affiliates, including, but not limited to Dundee Securities Corporation, Dundee Private Investors Inc., Dundee Private Investors Ltd., Dundee Insurance Agency Ltd., and Dundee Mortgage Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Dundee representative is not registered.

The information in this communication is subject to change without notice. Dundee Private Investors Inc. or Patrick Gibson will NOT be held liable for any inaccuracies in the information not maintained by Dundee Private Investors Inc. or Patrick Gibson, such as a linked site. This communication does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Alberta should consult with their mutual fund representative to determine if these securities may lawfully be sold in their jurisdiction.