Financial, Retirement, Estate Planning Resource Worksheets. education, Links - Strategic Situation Financial Planning, Halifax, Nova Scotia, Canada

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Financial, Retirement, Estate Planning Resource Worksheets. education, Links

J. Paul Wilson, CFP®, ChFC®
Certified Financial Planner
Halifax, Nova Scotia , Canada        

Resources: Financial, Estate, Retirement and Insurance
(More? Search or Talk with a CFP® )
Below is a sample of the information on this site. Search this site. Cannot find the answer? Ask. If unable to answer your question, or not licensed or qualified to do so, then we will offer to direct you to where you can get an answer.

What do you want?


Wealth has to pass through a "funnel" at death.

Link to Wealth Funnel Video and a Guide that is available for download (includes a fillable worksheet that calculates shrinkage).


Excerpt from the Nov/Dec 2016 issue of FORUM

"if the choice of homeowners is to stay put, then options might include a collateral mortgage to let retirees pull out the tax-free funds from their homes to use for emergencies, or a reverse mortgage to provide an income stream, says Wilson. If they decide to downsize, they can use the proceeds to purchase a prescribed annuity to fund new accommodations, with the balance invested for emergencies.

What exactly is recommended depends on individual circumstances and needs to be considered as part of the overall financial plan. And since there is often little time for recovery, worst-case scenarios need to be considered and understood, he says."

"Using a residence as a valuable piece of a financial plan"
Cover story in FORUM magazine the flagship publication for Advocis, The Financial Advisors Association of Canada. Nov/Dec 2016

Watch Time 1 m 12 sec

In today’s financial world few can go through the maze without help and with the increased demand for financial advice. There is now an alphabet soup of designations causing even more confusion with many so called “financial planners” concentrating on the sale of products such as securities, mutual funds or insurance.

Thankfully, organisations whose members deal with the personal finances of individuals have tried to make your decision easier.The Financial Planners Standards Council (FPSC) was created in 1995 to simplify things for consumers and raise the bar for those holding themselves out as financial planners by establishing the CFP™ designation as the pre-eminent financial planning designation in Canada. Individuals holding the only internationally* recognised financial planner designation, the CFP (Certified Financial Planner) designation, are well trained and adhere to a code of ethics that puts the consumers best interest first.

"You have to do it by yourself and you cannot do it alone."
- Martin Rutte (Author, speaker)
Wealth has to pass through a "funnel" at death. The Wealth Funnel Guide includes a fillable worksheet that calculates shrinkage.

Note: Fees, Taxes and Shrinkage can be minimized.

More importantly, with proper planning, you can ensure what you want to happen, does happen.

Is it worth the investment of your time?

What is the Risk? What is Potential Loss? Should you or your family assume the Risk? Mitigate? Insure?

Make a informed decision. Take a few minutes and use the Wealth Funnel Calculator  to help you decide.
Planning Opportunities

Often it is possible to accomplish your objectives and get better value for your money by using a process that integrates your goals.

"Thomas" explains how a strategy can supercharge an outcome by applying Newton's Laws in this 90 second video.
is the web’s only insurance question & answer website populated solely by licensed insurance agents. is the web’s only insurance question & answer website populated solely by licensed insurance agents.

The goal of this knowledge base is to provide trustworthy answers to all of the most commonly asked insurance questions – as well as some ‘not so common’ questions.

At Insurance Library, consumers can search a library of over 25,000 insurance answers – or submit their own question to be answered by a community of over 1,000 licensed insurance agents.

Financial, Retirement & Estate Planning

An Opportunity Analysis provides you with an executive summary that includes: a clarification of your goals/objectives; a tax review and risk management overview. This information assists your understanding of how what you want intergrates with your overall plan. In advance is best, after is, much better than not.

Download a checklist overview of "Business Financial Planning".

Completion will help you determine direction and if you are or will be missing out.

What is a Successful Retirement?

It is understandable if you are concerned about growing your retirement savings so you can retire when you want and not run out of money when you do retire or transition. If you are self employed a significant portion of your assets may be tied up in your business or practice, making the challenges and potential opportunities even greater.

Resources include- Retirement Checklist,. Sources of Retirement Income, How to Check Your CPP  Balance and more

Some questions you may have:
  • Do I have enough money to retire?
  • How long will my money last?
  • When can I retire?
  • How much do I need to save for my retirement?
  • Do I need a life annuity?
  • What is my optimum asset and product mix?
  • What is my "tax efficiency" before and after retirement?
  • Would a Opportunity Analysis help?
  • Since I don't know what I don't know what can I do?

Guaranteed Investment Funds, (GIFs), also called segregated fund policies, are long-term investments that offer capital guarantees. By pooling money from thousands of investors, professional investment managers invest in a variety of individual securities. Since they’re only available through an insurance policy, segregated fund policies have several features and benefits that make them different from mutual funds.

Which is right for you?

I offer both Guaranteed Interest Certificates (GIC's) typically issued banks and trust companies and Guaranteed Interest Annuities (GIA's) issued by insurance companies. They are similiar but GIA's offer additional  benefits that banks and trust companies can't match.

"Does your family have access to where all documentation is located?"
You must keep your spouse in the loop. If you either pass on or are unable to act your spouse &/or executor must have all the information necessary to make sound decisions.

Guide - What you have to do after someone has passed away in Nova Scotia.

Guide - What you have to do after someone has passed away in Nova Scotia.

When someone dies, there are many decisions and arrangements to be made. Prepared by the Province of Nova Scotia, the guide contains information regarding the organizations that should be contacted and the affairs that should be dealt with following a death.

Download Print Fax to Paul
Like to have a menu to choose from?
Have a question? Prefer to use a fax?
You can choose to download, complete, print and fax.

Flexcare, FollowMe Health & Lifecheque Basic Critical Illness from Manulife Financial (Quote / Apply online)

Health and dental insurance from Manulife Financial (Quote / Apply online)

Provincial governments continue to cut back their levels of healthcare coverage, leaving you to pay for expenses such as prescription drugs, eye exams and paramedical services. Build a plan that supplements your provincial government plan.

Travel insurance Manulife Financial (Quote /Apply online)

Choose the plan that’s right for you

For travel outside your home province or Canada choose:
    • an Emergency Medical Plan that provides coverage for an unexpected medical emergency during your trip; or
    • the Travel Canada Plan that provides emergency medical benefits at half the premium when all your travel is within Canada; or
    • an All-Inclusive Plan if your plans include pre-paid travel arrangements. Includes Emergency Medical, Trip Cancellation and Interruption, Baggage Loss, Damage and Delay, and Flight and Travel Accident. Or you can purchase the Trip Cancellation/Interruption insurance separately.

For Visitors to Canada choose:
    • the level of coverage that’s right for you
    • optional Trip Interruption or Travel Accident
    • Multi-Trip or Single-Trip plans

For Full-Time Students including:
    • International Students studying in Canada
    • Canadian Students studying abroad
    • Canadian Students studying in Canada but outside their principle province of residence


Paul is a Certified Financial Planner (CFP) licensed by the Financial Planners Standards Council.

The information contained in this website is intended to provide general guidelines only. The application and impact of the law can vary widely from case to case based on the specific or unique facts involved. Accordingly, the information in the articles are not intended to serve as legal, accounting or tax advice. Users are encouraged to consult with their professional advisers for advice concerning specific matters before making a decision.

** Email Disclosure: For your convenience, you have the option of contacting by email. Please note that no email is 100% secure. Only provide us with your contact information and your question. Do not include sensitive information such as income, social insurance number.

J. Paul Wilson, CFP®, ChFC®
Certified Financial Planner
27 Blue Thistle Road Halifax, Nova Scotia, B3S 1M3
Office (902) 405-8665 Email
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