Carol Plaisier

Planning Ahead.

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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.

In today’s times, the chance that someone retires single or spends some time during retirement alone is high. Yes, it could be by choice; but it could be through a critical situation such as an illness, divorce or death. With women living longer than men on average, it is often the women who are left alone.

Estate planning before circumstances dictate is vital for the survivor. There are a number of areas that can be addressed prior to the unexpected taking place; for example, spend time documenting what financial institutions hold your bank accounts, investments and safety deposit box.

Both parties should be meeting with their advisor on a regular basis, understand the risk level of their portfolio, discuss what will be the source and amount of their income – sometimes pensions pay the survivor a percentage of the monthly income; but will it be enough to maintain your style of living? Ensure beneficiaries are named where able and that they are current. Don’t wait until it is too late.

Discuss with your children where you will go when you are no longer able to care for yourself. It is not a pleasant subject and often avoided, especially when everyone is doing well. Should one or both of you have some insurance; whether it is life, universal life or long term care? Yes, insurance is not for everyone, but it is not always for the benefit of your beneficiaries, it can be for your benefit when you need it.

Your advisor can help you talk about these subjects and help you plan. Know your options, be informed, have open discussions with your partner and family. Spare yourself the uncertainty and fear if the unthinkable becomes reality. Having discussions with a coffee or tea at the kitchen table is much easier to deal with than in a hospital.

Please contact me if you have any questions or with a topic you would like addressed in a future article.

Seniors home care, care facilities,RV parks B &B, Churches, Brew pubs, craft breweries, vineyards, distilleries, Pets BC. Seniors 101, Island Voices promoting the products and services available for seniors on Vancouver Island. Seniors 101 lifeline. Snowbirds. Employment. Politics. Vancouver Island Now. Island woman magazine.For further information, Carol Plaisier, CFP®, Investment Advisor with HollisWealth, a division of Scotia Capital Inc. & Insurance Advisor with HollisWealth Insurance Agency Ltd. can be reached at the HollisWealth office in Parksville (250) 248-2399, or by email


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.


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