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Financial Planning

Guiding Financial Success and Preparing for the Unexpected

With people living longer than ever before, a solid financial plan for the future can mean the difference between getting by and living well. And being prepared for life’s curveballs is essential. At Meldrum Horne, we help you and your employees chart a path to financial peace of mind and protect their financial security in the event of unexpected disability, critical illness or death through financial planning.

Developing the best personal financial plans for you and your employees includes the following options:

Investments

Retirement & Estate Planning

Life Insurance

Critical Illness

Disability Insurance

Investments

Many people do not have workplace-guaranteed pensions and must rely on the Canada/Quebec Pension Plan, Old Age Security as their base retirement income. While those programs replace about 30% of pre-retirement income (based on $57,400) the remaining gap has to be closed by the individual through RRSPs, personal savings and other assets that can generate income.

Meldrum Horne will work with you and your employees to develop retirement programs through financial planning that will achieve a realistic income while taking into account the financial risk involved with living longer.

Retirement & Estate Planning

Saving for retirement is essential, especially with average life expectancy steadily on the rise. Company programs, whether they are shaped as Defined Benefit Pension Plans, Defined Contribution Pension Plans or Group RRSPs, are all designed to provide an organized method of building retirement capital.

With our extensive background in financial planning and estate planning, Meldrum Horne has established a unique and personalized one-on-one service that assesses all financial matters individuals face throughout their lifetime. Working closely with your employees, we will devise retirement planning strategies that may include one or more of the following:

  • Estate preservation for individuals including those who are business owners
  • Retirement savings strategies including tax-elimination solutions
  • Investment recommendations through tax-deferred vehicles
  • Elimination of risk in the wealth accumulation stages of life

Not be confused with retirement and estate planning, wealth management involves the careful preservation of the assets you’ve worked so hard to accumulate. We work closely with our clients to develop personalized plans that take the short- and long-term needs of you and your loved ones into consideration.

Life Insurance

Life insurance protection can make a big difference in your life and the lives of those who are dependent on you. A financial planning strategy that incorporates life insurance can ensure that money will be available to support your family and eliminate estate liabilities that may arise.

As we move through the various stages of our financial lives from starting out, to settling down in retirement, and every stage in between, financial risk is always there and can reveal itself in many different ways, including:

  • outliving your income producing assets i.e. running out of money
  • dying prematurely and ending income to those who depend on you
  • being unable to work due to disability
  • becoming ill in retirement
  • dealing with a major illness at any stage of your life

We work with you to determine your financial risks and create strategies to eliminate or substantially reduce those risks. These strategies use various insurance products to accomplish those goals.

You may recall an old children’s fable written by Aesop. In the story of the goose that lays the golden eggs, the owner would get a golden egg on a daily basis; all he had to do was look after the goose.

In that story you can relate the position of the goose to your ability to earn income in order to pay your expenses. If you had such a goose would you insure it to guarantee that your income (your golden eggs) would continue on a regular basis? How much? How long?

Meldrum Horne can help you answer these questions.

Critical Illness

Critical illness products provide a “unique sum living benefit” to help your employees protect their financial health following the onset of a serious illness. In addition to providing financial stability, it can also enable them to focus their energy on recovery and quality of life – instead of worrying about financial stability.

These products provide a lump sum when an associate has been disabled from normal functioning as a result of one of the following severe illnesses*

(*Note: Actual policy details will vary according to the insurance carrier chosen to provide coverage)

●      Heart Attack

●      Stroke

●      Multiple Sclerosis

●      Major Organ Transplant

●      Kidney Failure

●      Paralysis

●      Severe Burns

●      Loss of Speech

●      Motor Neuron Disease

●      Cancer

●      Coronary Artery Bypass Surgery

●      Alzheimer’s Disease

●      Parkinson’s Disease

●      Blindness

●      Coma

●      Deafness

●      Loss of Limbs

●      Occupational HIV Injury

Disability Insurance

Disability income insurance protects you from the substantial burdens that can come with unexpected disability.

Statistics show that one in three people will be disabled for 3 months or longer before age 65. When that disability last longer than 3 months, the average jumps to 3 years.

If this happens, it limits your ability to work and make money. At the same time, expenses go up as there are often additional costs associated with accommodating your needs.

Call us to Book Your Consultation

888.548.8902

Have a question? Drop us a line or email info@meldrumhorne.com to discuss your employee benefit, group retirement, business insurance or financial planning needs.

We have had the pleasure of working with Jamie Meldrum and his team over at Meldrum Horne for a couple years now and their service is impeccable…They have successfully matched our small business benefits package to meet the needs of our valued employees and at the same time remained within our monthly budget… Our employees are happy with the plan, we’re happy with the plan – it’s really a win-win for everyone. We look forward to continuing to work with this great group of professionals for years to come. Thank you for all your help thus far and we wish you continued success.
Jeff Deriger, CFO
Terrace Youth Residential Services Inc.
Let’s Talk - drop us a line.
888.548.8902 / info@meldrumhorne.com
222 Queen Street, Suite 301
Ottawa, Ontario, Canada
K1P 5V9
Monday to Friday:
8:00am–4:30pm
Saturday to Sunday: Closed
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