How to assess your financial situation and plan for the future?
The first step with any long road trip (such as deciding your finances) is to assess your current financial situation: do you have enough Retirement Funds, do you have enough Pension Funds, do you have a Life Insurance will it pay itself when you are not anymore? In a similar fashion, when you've reached this stage in building your Financial Plan, you need to craft it. Your financial plan should always start off with your current situation:
Author - Atul Prakash
Please, check our blogs about different elements in Personal Finance - such as Insurance, Critical Illness, RRSP, RESPs etc.