South Coast Financial Services
We care about your financial self defence ... shouldn't you?
Dear Visitor,I hope everyone had a wonderful summer and are ready for the approaching fall season and the spectacular colours of the season as the leaves on the trees change.
We have made some changes to South Coast Financial Services over the summer which helps me provide additional services to assist with providing clients manage their financial house.
As you may know at South Coast Financial Services we use a house to represent the areas of a families finances.
Lets look at each level of the house:
There are some new insurance providers allowing me more options when looking for client’s life insurance, disability insurance and critical insurance.
In addition there is a link on the web site providing fully underwritten mortgage insurance unlike the banks which may not pay out since it is post claim insurance.
There is also a service that can provide you your wills and powers of attorney. Unlike many of these services who charge a monthly fee like Legal Shield, this service has a onetime charge to prepare your documents.
There is a new section on the web site for On-Line Quotes. This section will add additional quote options over the next few weeks.
You can now get your mortgage on-line through Nesto Mortgage Experts. They offer an on-line service to obtain or renew your mortgage. Their rates are usually lower than what the bank offers for example their 5 year variable mortgage is prime + 1 ¼%. Their 5 year fixed rate at time of this newsletter is 4.34%. You may even find this a good way to consolidate debts depending on your credit rating (interest rates). Again this is on the web site under the On-Line Services section.
Here is a real life example of what we can do for a client on their investments for their future.
While meeting with a client of 13 years we compared their first years investment value with the value at the end of August 2022. The client has been retired for approximately 7 years and has been withdrawing their income from their investment during the retirement period. The last 2 years they have been also getting their OAS and CPP. After the comparison today the client has $19,000 less than what they initially started with. This shows that the growth on their investments over the 13 years has paid for almost the total value of their living expenses for 7 years.
We have seen clients investments go down this year due to several factors but the market will recover. Imagine if the market hadn’t gone down this year, this client have a higher investment amount while paying their annual living expenses.
Finally the roof of the house which is the Financial Goals Analysis (FGA). The first analysis shows the client the plan to reach their financial goals. The (FGA) should be done on a regular basis just like you would with a physical with your doctor. It will show the health of your plan and show changes that need to be made to reach your goals and dreams.
Hopefully you have found this information useful and if you know of someone who could use my services to help them meet their goals and dreams I would gladly help them just send me a note using the “Contact US” link on my web site or the email address below. You can also book an appointment with me on my site as well.
Investing for the Future
Should you desire more information in any of these areas contact us, our contact information is below and we would be glad to setup a time where we can sit down and discuss things with you.
Also make sure you book your appointment for your complimentary, comprehensive and confidential Financial Goals Analysis. The analysis can lead you and your family to your financial goals and dreams!