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Email: joe@stephenfinancial.com
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Frequently Asked Questions




Q: I'm so far behind…is it too late for me to start saving for retirement?

A:It's never too late to start! In fact, with the miracle of compounding, time is on your side. The earlier you get started, the greater impact saving just a little bit will have on your final results.
Q: How am I supposed to save for retirement when there's nothing left over at the end of the month?

A: We recognize that this is the #1 reason people aren't saving enough for retirement. So, drawing on our banking background, we look at your total financial picture with particular emphasis on your personal balance sheet. We look for ways to make your money work harder for you, rather than the other way around.
Q: I don't have a pension and I'm nervous about my portfolio because I depend on part of it to generate part of my retirement income. What should I do?

A: While every situation is unique, we generally recommend that clients seek to guarantee some portion of their retirement portfolio. There are several solutions available today that offer the opportunity to participate in the market's growth while ensuring you never lose the money you invest.
Q: How are you different from other financial advisors?

A: First, we are independent, which allows us to bring you the best solutions—not just those from a single provider. Second, our unique backgrounds enable us to look at both sides of the equation—not just what you're saving, but what you're spending. Finally, we look at the big picture. We're not about selling products, we're about empowering clients with a simple, yet effective way to plan for a more comfortable retirement.
Q: Why do I need a financial advisor? Why can't I just do this on my own?

A: You certainly can do this on your own. However, many people choose to work with a professional advisor because they feel they lack the financial literacy—or simply the time and engagement level to create a formal plan and stick to it. Studies have also shown that Canadians working with a financial advisor tend to be better prepared for retirement than those who don't.1
1 2007 Fidelity Retirement Index Survey showed that Canadians who use a financial advisor had a higher retirement income replacement rate than those who did not use a financial advisor.
Q: Do I have enough assets to warrant working with a financial advisor?

A: We believe that everyday, hard-working Canadian families are an underserved segment of the market who could benefit from consulting with a professional advisor. We believe that a genuine desire and commitment to build a plan is a better litmus test for us than a minimum account size.
Q: How are you compensated? What are your fees?

A: During our first meeting, we undertake a complimentary/no obligation evaluation of your situation. From there, we create a set of recommendations. We are compensated by the companies whose solutions we offer; therefore, should you choose to pursue any of our suggestions, we request that you do so through us.
Q: What kinds of clients do you work with?

A: We work with both individuals and groups.
Q: I'm really busy and can never seem to find time for this stuff. What kind of time commitment does this entail?

A: Generally speaking, our first meeting is a discovery process to develop a picture of where you currently stand. From there, we come back with a specific set of recommendations for your consideration which we can implement expeditiously.


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