Your 2017 vital money facts

Thursday, March 9, 2017|Retirement Planning|
  • 2017 Vital Money Facts

There are prominent money facts investors ought to know and understand. I highlight some key facts for 2017.

Having those money facts readily at your fingertips is a vital step. Investors will make better decisions with this bevy of information.

Today, I focus on simple facts that apply to most investors. The goal is to be knowledgeable of the top money facts. Especially if some on the roster are yet to be dealt with. Of course, these are simply your important starting points.

Here are my vital money facts you should know:

Your Vital Money Facts for 2017 Your Replies
Estimate the capital sum that funds your retirement $
Long-term portfolio return to reach your retirement %
Ballpark how much saving capacity is invested $ Annually
Estimate your asset mix in stocks and bonds/cash Stocks % Bonds/Cash %
Number of different investment selections you own
RRSP room for you and your spouse/partner Self: $ Spouse: $
TFSA room for you and your spouse/partner Self: $ Spouse: $

 

It’s a flexible approach that helps manage the finances. For example, financial independence can be substituted for retirement.

Start with your answers to my list of top money facts. Then expand your reach as your personal finances may require.

Ask yourself what needs a tweak versus a complete rethink. The more key personal facts you deal with, the better your game plan.

If you’re unsure about some of the figures, seek some help. Remember that these are key facts that guide your wealth strategies.

About Adrian Mastracci, Discretionary Portfolio Manager, B.E.E., MBA  My expertise in the investment and financial advisory profession began in 1972. I graduated with the Bachelor of Electrical Engineering from General Motors Institute in 1971. I then attended the University of British Columbia, graduating with the MBA in 1972. I have attained the “Discretionary Portfolio Manager” professional designation. I am committed to offering clients the highest standard of personal service by providing prompt, courteous and professional attention. My advice is objective, unbiased and without conflicts of interest. I’m part of a team that delivers comprehensive services and best value in managing client wealth.

Leave A Comment