Your financial plan is how you will retire. We all want to retire with a certain level of comfort and can picture, typically with great clarity, the activities we’d like to enjoy in retirement. Ironically enough, more than 50% of Canadians have no financial plan and more than 75% know that we should be saving more than we are. Having a concrete financial plan that takes the guess work out of the process is important.
Financial planners often have computer programs that are complex and involve ‘behind the scenes’ math where an answer is just spit out but there is no explanation of how the result was arrived at.
At Kent Accounting, we de-mystify this process by showing you how the math actually works and what the key parts of your financial plan are, including what items will ultimately have the greatest effect on your quality of life in retirement.