A financial planner works with people to help them meet their financial goals so that they can live their life and retirement as they wish. Planning may include saving, investing, and budgeting for the future.
Tips & Links
- A financial planner helps people explore their wants and wishes through the lifespan providing guidance for savings, investing, and budgeting to help them reach their retirement goals.
- Know that a financial planner is not a certified role in BC. It is recommended that before hiring a FP you inquire about their education and experience.
- Learn about financial planning for seniors from the Canadian government. Consider your sources of retirement income such as savings, pensions, benefits, and tax deductions. Plan for your costs of living including housing, nutrition, transportation, and health care costs.
- The government of BC offers a variety of financial planning teaching pamphlets on many aspects of financial planning for seniors in English and French.
- Complete “Understanding My Financial Situation“, in your Mywell Health planner.
- Determine who among your care partners can provide financial advice. Do you have professionals you can trust?
- Be careful who you trust with your finances and advice – learn about how seniors are often targeted for fraud.
- As a senior, you may be the target of criminals, by phone, email and even at your front door. Talk to your family/ friends – make sure there is security on your money and banking. Consider setting up automatic alerts to your family or power of attorney when someone tries to withdraw a large amount of money from your bank account.
- Check out the Canadian Benefits Finder tool to help you determine what benefits you might be entitled too.
- Learn about programs and supports for senior in financial planning from the Office of the Senior’s Advocate.
- Complete the activities in the section My Financial Plan. Explore the lists provided in ‘Understanding My Financial Situation’ in your Mywell Health planner.
Tools – Handouts & Videos
Categories: My Financial Plan, Senior
← Back to Resource Kit