Building a Solid Foundation
 for Wealth

• Solution

Solutions for Your Needs

Building a Solid Foundation for Wealth
Sylvia and Peter* are both 35 and they’ve just celebrated two years of marriage. Both have successful careers (their combined income is currently $150,000) and see lots of opportunity for advancement. While maintaining a comfortable lifestyle, they’ve managed to save regularly and together have over $100,000 in RRSPs. Recently, they bought their first home and they are also excited that Sylvia is expecting their first child.

With recent significant changes in their lives, and more on the way, Sylvia and Peter have begun to reassess their cash flow. With the purchase of their home, they have assumed a substantial mortgage and they’ll soon have a third mouth to feed. Sylvia and Peter have always taken advantage of employer pension and benefit programs, but they’re unsure they’ll be able to maximize their RRSPs after the baby is born. They’ve also begun to think about daycare and education costs, as well as providing for the child in case one of them dies or becomes disabled. Sylvia and Peter have never done a formalized financial plan.

Addressing the Situation
You may have legitimate concerns like Sylvia and Peter about planning your financial future. Let’s take a more detailed look at a solution that may help Sylvia and Peter reach their financial goals.

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* Fictional characters. Any similarities between them and actual clients of BMO Nesbitt Burns Inc. are accidental.