8/06/2010

LIFETIME SUSTAINABLE INCOME. WHEN OUR NEED BEGINS AND ENDS


The following is a generic North American profile.

Where does our need for income arise at each age?

[
What is our source?]

Ages 5 - 13 - expense allowance

- [parents - part time jobs]


Ages 13 - 22 - funding post secondary education

- [summer/part time jobs]


Ages 22 - 60 - marriage - family formation

-
[personal employment income]


Ages 60 - 95 - retirement income

-
[savings - pension plans - inheritances]


Ages 60 - 95 - Quality of Lifestyle breakdown -


  • Ages 22 - 75 - independent living
  • Ages 75 - 85 - retirement home
  • Ages 85 - 95 - longterm care / nursing home

At every age throughout our life we require personal and financial health to maintain our personal and social dignity.

These 2 needs are non negotiable lifetime requirements.

Achieving both is our challenge.

On a professional level identify financial advisors in whose professional practice you have confidence, compatibility and trust.

Exercise discipline in your choice.

For specific steps on choosing an advisor visit:

http://www.firstfinancialconsultinggroup.com

Click on 'proceed to site'.

Click on the 'Choose an advisor' tab at the top.

If you need any guidance contact me directly at:

T: 416-726-2427

E: danzwicker@rogers.com

I'll be pleased to help.

Dan Zwicker.

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