Ken Zawalykut | www.kenzawalykut.caEmail: ken.zawalykut@ipcsecurities.com Phone: 905.372.0800

What Young Couples Need To

Financial PlanningKnow About

It’s All About Assets and LiabilitiesYou need to protect the things you have:

•Your home•Your belongings•Your income•Your future

Your Home• If you have bought a house, is the mortgage

protected?• Does your homeowners insurance protect you

against all reasonable risks?• Will you be able to manage if one of you is

injured and your income reduced or eliminated?• Do you have a realistic plan to reduce your

interest costs by paying down the principle?

Your Belongings• Does your insurance policy cover the cost of car rental if you are in an accident?• Are you protected from loss by fire, theft, water damage or wind damage?• Do you have important family papers or documents that are irreplaceable?• How much would it cost you to replace your belongings if

they were lost to a fire? Have you documented what you own?

What Happens if You Lose Your Income?• Do you have coverage if one partner or the other were

to be injured or suffer from a long term illness?• What would happen if one partner were to pass away?• Do you have plans for one partner to stop working to

care for children?• Do you have money safely invested to cover one

partner losing their job for 3-6 months?

What Does Your Future Hold?

• If you are planning for children, should you open a Registered Education Savings Plan

• Did you know that savings in your Tax Free Savings Account can be transferred into an RRSP in the future? Should you be planning for that?

• Do you understand how to take advantage of your RRSP and the Home Buyers Plan

• Do you have an RRSP, and does it make sense for you to have one now, or are there other things you should be doing with your money?

What Are Your Liabilities?

1. Mortgage on home2. Mortgage on cottage cottage3. Personal debt

• Credit card• Automobile loans• Line of credit

4. On-going expenses for dependant child or parent care

Your Needs Are Different

As a young couple, your needs are different now than they will be in 30 years. The advice you are getting others may reflect their understanding of THEIR situations more than it does their understanding of YOURS.

Planning professionals receive training in a broad range of circumstances, They also get to personally assist clients across a wide spectrum of situations.

You can not be expected to think of everything yourself. That is why it makes financial and tax sense to sit down and go over your financial plans with a trained and trusted advisor.

You are looking forward to a long and happy life together. Make sure you understand what you need to meet your financial needs, now and in the future!

….Call or email todayKen Zawalykut

Financial AdvisorIPC Securities Corporation24 Covert Street, Suit 201

Cobourg, ON K9A 2L6

Phone: 905.372.0800Email: ken.zawalykut@ipcsecurities.com

Website: www.kenzawalykut.ca

For a Comprehensive Look at Your Financial Planning Needs…

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