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Why and What

"Why Five Seasons?"

We are often asked, “Why did you choose the name, Five Seasons Financial?”.  Quite simply, the clients we serve fall into one of five different seasons.  Young people graduating from high school, college or university and just starting their careers are in their Spring Season.  As these young people find their soulmates and start a family, they transition into the Summer Season.  Over time clients build their wealth and turn their focus to retirement planning which we consider the Fall Season.  Once clients are financially independent and no longer require income from work, they enter into the Winter Season or the time to live their dreams.  These are the traditional four seasons that many people are aware of.  However, there is a Fifth Season and while no one likes to contemplate their own mortality, the reality is, we will all pass away some day.  At Five Seasons Financial, we help clients create a legacy for their families.  For more information on the Five Seasons, please refer to the section below titled, “What are the Five Seasons?”.


What are the Five Seasons?

Spring - Starting your Career

Most of our Spring clients are children or grandchildren of our Fall and Winter clients. Starting an investment plan, paying down student loans and saving for a down payment on your first home are all key considerations in this Season.

Key Planning Item: Insurance Needs Analysis

Question: How much insurance do I need?
Question: What kind of insurance is best for me?

Series of Key Decisions:

  1. Finding the Right Advisor
    1. Knowledgeable and trustworthy
    2. Ability to communicate clearly and concisely
  2. What is the Right Amount
    1. Insurance Portfolio Review
    2. How much do I need today and into the future?
    3. Do I have too much, not enough or just right?
  3. What is the Right Type of Insurance
    1. Term, Universal Life, Whole Life
    2. Single life or joint life
    3. Extensive industry knowledge to guide you
  4. Which Insurance Company?
    1. Insurance brokers representing six different companies

For more information, please contact our office to arrange a meeting.

Summer - Growing your Family

Our Summer clients are often buying their first home, starting a family and growing their careers or businesses. RRSP’s and TFSA’s are important tax structures to utilize during this season. Life insurance and living benefits are an important part of the Summer client’s overall financial plan. This is where we lay the groundwork to “build your wealth”.

Key Planning Item: Insurance Needs Analysis

Question: How much insurance do I need?
Question: What kind of insurance is best for me?

Series of Key Decisions:

  1. Finding the Right Advisor
    1. Knowledgeable and trustworthy
    2. Ability to communicate clearly and concisely
  2. What is the Right Amount
    1. Insurance Portfolio Review
    2. How much do I need today and into the future?
    3. Do I have too much, not enough or just right?
  3. What is the Right Type of Insurance
    1. Term, Universal Life, Whole Life
    2. Single life or joint life
    3. Extensive industry knowledge to guide you
  4. Which Insurance Company?
    1. Insurance brokers representing six different companies

For more information, please contact our office to arrange a meeting.

Fall - Preparing for Retirement

Fall clients have well established businesses or careers and are often in a position to increase their investment savings. RRSP’s, TFSA’s and non-registered investment accounts continue to be important savings vehicles. This is the season to invest the time in having us create financial projections that will model your financial future. This is a key area of expertise at Five Seasons. We gain many new Fall clients as a result of the value we provide in creating realistic, detailed financial projections.

Key Planning Item: The Importance of Financial Projections

Question: Are we going to be OK? Do we have enough saved?
Question: How much income will we receive once we "retire"?

  1. Specialize in creating financial models that will accurately project your future sources of income
  2. Review your current financial situation and discuss your lifestyle goals
  3. Input your financial information into the modelling program
  4. Review your financial projections and test them under different scenarios
  5. Designed to answer a series of questions:
    1. Are we going to OK?
    2. Are there some planning strategies we can implement that will lower our tax bill?
    3. What sort of investment returns do we need to generate to meet our goals?

For more information, please contact our office to arrange a meeting.

Winter - Retirement

Winter is the season to “live your dreams”. You’ve worked hard over the years and now it is the time to enjoy the fruits of your labour. Combining all of the various sources of income and asset pools into a cohesive, tax efficient income plan is one of our specialties at Five Seasons. This is the time to start considering the Fifth Season.

Key Planning Item: The Importance of Financial Projections

Question: Are we going to be OK? Do we have enough saved?
Question: How much income will we receive once we "retire"?

  1. Specialize in creating financial models that will accurately project your future sources of income
  2.  Review your current financial situation and discuss your lifestyle goals
  3. Input your financial information into the modelling program
  4. Review your financial projections and test them under different scenarios
  5. Designed to answer a series of questions:
    1. Are we going to OK?
    2. Are there some planning strategies we can implement that will lower our tax bill?
    3. What sort of investment returns do we need to generate to meet our goals?

For more information, please contact our office to arrange a meeting.

Fifth Season - Estate Planning

Many of our Winter clients have built substantial asset values which they will not spend all of during their lifetimes. We ask these Winter clients to think about what they want to have happen to their assets after they pass away. Income taxes within your estate can seriously erode the value that passes onto the next generation. At Five Seasons, we work closely with your accountants and lawyers to ensure your assets pass to whom you want in a tax effective manner.