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
Debt Reduction as Retirement Savings Strategy
Posted on 01-10-2012Statistics Canada recently reported the ratio of household credit market debt to disposable income reached the highest level since the agency began tracking this figure. In 1990 it was 50%, rose to 110% in 2000 and jumped to 149% in the second quarter of 2011. This can cause some angst for those with children reaching post-secondary school age.
Government Benefits Can Boost Retirement Income
Posted on 01-10-2012In a 2010 report to the Minister of Finance, it was found that approximately 160,000 Canadian seniors were not aware of the full range of benefits they were entitled to in their retirement years. In fact, nearly $1 billion in retirement benefits from the Canada Pension Plan (CPP), Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) have not been paid out to eligible recipients.
TFSAs: Flexible Wealth Building Strategy
Posted on 12-12-2011The Tax-Free Savings Account (TFSA) was introduced in the February 2008 Federal Budget and became available January 1, 2009. It is touted by the Government of Canada as "the single most important personal savings vehicle since the introduction of the Registered Retirement Savings Plan (RRSP)."
