Carol Plaisier

Do one thing monthly

Posted | 0 comments

I’m an Oceanside investment and insurance advisor with over 30 years of financial service experience. I specialize in helping women through periods of transition: divorce, losing a spouse, preparing for retirement and women who steward the family finances. I believe the more you understand about the investments or insurance that you own, the better you will be able to sleep at night without worrying you will end up a ‘bag lady’ on the streets. Many of my female clients have questions regarding various aspects of their financial security and you may have some of the same questions and interest.

 from suggestions that follow, and you will most likely find yourself in a better financial position by the end of the year! 1) Manage your debt – pay off credit cards in full monthly to avoid higher interest charges. 2) Renew an upcoming mortgage maturity wisely, contact a mortgage broker before accepting the first rate offered by your institution. Your financial institution typically offers you a higher rate than available if you shop around. That makes the hassle-free option of signing the renewal document a costly convenience. 3) Review your insurance coverages – life, disability, critical illness, long term care, car and home insurance. Do you have enough coverage and the right kind in place? 4) Review your estate plan – ensure POAs (Power of Attorney) are in place, typically your spouse, also consider naming a second POA in case you and your spouse are both in the same situation and unable to deal with your affairs. You should have a representation agreement or health directive and a last will and testament are in place. Ensure details such as executor and beneficiary are current. Be specific if you want certain items to go to certain people, do not leave it to them to sort it all out after you are gone. 5) Maximize your savings, set up a monthly plan that is on autopilot. 6) Invest for the long term, trying to manage short term fluctuations is difficult and stressful. 7) Talk to your family about money, let them know what you want for the future. 8) Talk to your family about your care in the future. Will one of your children help you, will you be able to stay in your own home with assistance, what are your thoughts about care facilities? 9) Review your retirement plan, is it generating enough income to cover your expenses (with inflation), will it last your lifetime, and what are your options? Your advisor can provide information regarding above topics and many more.
Take charge of your financial future in 2017, call an advisor today!


Carol Plaisier ThumbnailCarol Plaisier, CFP®, FMA, AMP | Investment and Insurance Advisor
HollisWealth | a division of Scotia Capital Inc. |  HollisWealth Insurance Agency Ltd.
174 Morison Ave., P.O. Box 1391, Parksville, BC  
T 250.248.2399   F 250.248.2998


This article was prepared solely by Carol Plaisier who is a registered representative of HollisWealth® (a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada). Brokerage services provided by HollisWealth are provided through Scotia Capital Inc. Insurance products provided by HollisWealth Insurance Agency Ltd. The views and opinions, including any recommendations, expressed in this article are those of Carol Plaisier alone and not those of HollisWealth.® Registered Trademark of The Bank of Nova Scotia, used under license. The comments contained herein are general in nature and professional advice regarding an individual’s particular tax position should be obtained in respect of any person’s specific circumstances.

See all articles by

Leave your comment to this article or add your own blog post below.

Your email address will not be published. Required fields are marked *