Solid Financial Options
Solid Financial Options is an independent and unique financial services firm providing financial planning to professionals, executives, and small business owners. With over 40 years in combined experience, we have helped our clients achieve peace of mind in an uncertain world. We have solved a number of financial concerns for our clients such as:
- How can I pay less taxes?
- Should I incorporate or operate as a sole-proprietor?
- How do I get my money out of my corporation?
- What should my Will say?
- How do I protect my cash flow in the event of accident, sickness, or pre-mature death?
- How should my investments be structured to match my risk tolerance and retirement objectives?
- How do I determine the competitiveness or the advantages of employee benefits programs?
We use an advanced process, that we call “Our Preferred Approach”, to compile your financial plan. In essence, through this process we determine your goals, your specific needs and, if necessary, consult your accountant or lawyer to gather all relevant information. Then we prepare your financial roadmap “ which outlines where you are now and what needs to be done at various stages in your life cycle ” along with an investment plan to match your goals. Once the overall plan is determined, it must be monitored and changed as required along the way. This approach makes sure all aspects of your financial life are appropriately organized.
Why should you use us to help you plan? Our clients trust us to quarterback and co-ordinate all aspects of their financial life. Whether it is tax planning, using personal insurance, employee benefits, or investment management, we are here to help you reach your goals. Our clients especially appreciate the information provided to them on our consolidated financial statements, which are unique to our firm.
Compensation disclosure is very important, and as such during our first meeting we will discuss our compensation in detail with you. We are an independent firm, compensated similarly by all companies, which aligns our interests with yours creating a partnership with a single purpose of seeing you realize your financial goals.
We welcome you to come in for a complimentary meeting to discuss if our process is right for you.
Recent Articles
Don't Bet Your Retirement on a Simple Approach
Posted on 05-08-2012You have probably heard about the old 70 percent rule that suggests retirees will need the equivalent of about 70 percent of your current income level to maintain their lifestyle in retirement. This assumes that your retirement living costs will be 30 percent less than during your working years. While it may have been applied appropriately for retirees two or three decades ago, it is fraught with significant risk and potential disaster for today’s retirees.
It Doesn't Pay to Procrastinate
Posted on 05-08-2012Many people have no idea. Some people have a vague idea. A few people, a very few, have it all worked out. When it comes to retirement planning, many people don't take action until forced to by a mid-life event (career change, death of loved one) or by hearing about seniors running out of money. It's strange that people find it so difficult to plan for their retirement. As all the basic financial books say, you start by recording your expenses, see where you can cut back, and then determine how much you need to save to achieve your retirement income goals. Yet, far too few Canadians take these presumably simple steps for their own financial success.
How to achieve financial success
Posted on 04-09-2012It is possible for just about everybody to achieve financial success. Getting there is usually not a matter of financial wizardry. By following some basic principles, you can make your financial dreams come true:
Set ObjectivesGoal setting is the foundation of achieving financial success. If you don't have a target to shoot for, how can you expect to hit it? By writing down your goals, you will clarify them and establish your personal and financial priorities. Be specific when setting goals. For example, instead of having a goal to reduce debt, set a goal to reduce debt by a certain amount by a certain date.
