on. It depends on their personal situation, wants, and needs. It’s all about lifestyle.”
The will is another important component of a financial plan, making it easier for those who must act on your behalf. A financial advisor can help you prepare to have a lawyer draw up a will. Sharon Gallant, Alberton office representative, explains, “We can do an inventory of people’s assets and liabilities, and help them identify what some of their wishes are. The more detailed it is, the easier it is. We don’t draft the document; a lawyer does that.”
Through the entire process, discussions between advisor and client are the key to developing a good financial plan. Weatherbie emphasizes, “It’s advice before product, and it’s difficult to give advice if you don’t understand someone’s situation.” Credential Financial Strategies Inc. is a member company under Aviso Wealth Inc., offering financial planning, life insurance, and investments to members of credit unions and their communities.
Lifestyle is also a key consideration in retirement planning, which is an important part of an overall financial plan. There is no formula to determine how much a person should save for retirement. It depends on a person’s current financial picture, and what they want it to look like after retirement. A financial advisor can help to determine the amount of savings needed to support the lifestyle a person wants to have after retirement.
281 University Ave, Charlottetown 902.626.3545
305 Water Street, Summerside 902.888.5530
1 Commercial Street, Kensington 902.836.2454
566 Main St, Alberton 902.853.6020
◄ (L-R): George Weatherbie BBA, CFP gweatherbie@provincialcu.com 902.626.3545 Sharon Gallant sgallant@tignish.creditu.net 902.853.6020 Candace Champion cchampion@mb.creditu.net 902.836.2454 To find a local Credit Union branch, go to www.creditunionspei.com
Krista Ahern BA kahern@ccupei.ca 902.888.5530
Joe MacDonald CIM, CFP jmacdonald@provincialcu.com 902.626.3545
WINTER 2020 www.pei-living.ca
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