Lot’s can change in a year: addition of a baby, loss of job, a death in the family, kids going to college, illness, disability, an inheritance, … all life events have an effect on the financial plan we have created and hence it is important to adjust it to the new circumstances to your financial plan.
There is much said and written about life insurances yet, the majority do not understand it. So let’s help you get a clear view on this. When you sit down with a Koda Financial Architect, you get a clear explanation on how insurances work, what is out there and especially what you need for your unique situation. Hence why we align ourselves with the top insurance companies in the insurance industry, so we can provide you with the best value on the market available.
Investments are tools you buy with the anticipation of increasing its value. There are many ways to do that. What is best for you?What are the benefits of a RRSP, TFSA, pension, annuities, whole life, universal life? Should you invest in real estate or in the market? Have you heard about private mortgage investments? There are multiple ways of investments: from collectibles to stock, from real estate to ETF’s. The key is what is right for you? What is your risk tolerance? What rate of return do you want? How do you diversify your portfolio? What is your investors profile? Are you in it for the short or long term? Do you know about the advantages segregated funds provide? Our Koda Financial Financial Architects go over what assets you have now, what the future holds for those assets and how you can benefit from tax strategies based on your assets.
Debt is more manageable if you have the right tools. Let us help you to find the best way to manage it, eliminate or prevent it. That leads to an easier retirement planning, as when the income is reduced, any extra payments should be avoided. As CPP, the government pension plan is only calculating for 30% of your income, it is important to have a variety of income streams while you retire: some incomes are taxable, some are not. Our Koda Financial Architects guide you with your debt by providing the tool you need, with in mind an enjoyable retirement by aligning different income streams, as tax efficient as possible. Once that plan is in place, we coach you on solidifying your legacy legally, so your wishes will be executed the way you want. Wills, trusts, guardians, power of attorney to name a few.
Retirement and Estate planning is not just for “retired” people, although people do tend to think about it more as they get older. Unfortunately, we can’t successfully predict how long we will live, and illness and accidents happen to people of all ages. Neither is it just for “the wealthy,” either, although people who have built some wealth do often think more about how to preserve it. Good estate planning often means more to families with modest assets, because they can afford to lose the least.That is why Koda Financial Architects have a companion relationship with you,as this is an ongoing process, not a one-time event. Your plan should be reviewed and updated as your family and financial situations (and laws) change over your lifetime.
As a business owner or being self employed, it is crucial to be structured correctly. On having your insurances and investments in place so if something happens to you, your business and your family are protected. Koda Financial Architects will review this with our accounting department. With over 12 years experience with tax returns and tax planning, bookkeeping, audits and over 1000’s of clients, our team has the knowledge and the know how to help you to minimize your tax liabilities and maximize your return, and or keeping your money in your pocket. Ask our CPA your questions! Running a business comes with inherent risks: an employee could get injured on the job; a natural disaster could destroy property; or a client could file suit, alleging a contractual breach.That is why Koda Financial Architects provide you with options for legal services. A Koda Financial Architect is your business companion, so we provide you with the tools for protection, accumulating wealth and passing on your business tax efficiently. We are aligned with top notch companies that provide group benefits, legal aid, guidance and coaching on all aspects of your business.