9 | O akville B eaver | T hursday,January 17,2019 insidehalton.com 1276 Cornwall Road, Unit C, Oakville Ontario, L6J 7W5 T: 905-845-0767 • F: 905-845-5552 •www.haxelllaw.com • lawyers@haxelllaw.com Personal Professional Service at Competitive Rates Buying? Selling? Re Call us for a quote at 905-845-0767 ext. 223Jameson Glas GOLDGOGOGOGOGOGOGOLDLDLDLDLD 905-845-0767 ext. 223Jameson Glas GOLFZONTM simulator Red Seal Chef Heated, indoor Saltwater Pool Bistro Café and Licensed Pub Big-screen Theatre Vibrant Independent Living, plus Assisted Living suites Three meals daily, freshly prepared by a Red Seal Chef Bright & spacious 2 bedroom, 1 bedroom plus den, 1 bedroom, and studio suites And so much more! MOVE-IN 2019! Future Address: 1 Sixteen Mile Dr, Oakville, ON (905) 542-9000 vivalife.ca Making Today Great! Licensed Pub Artist rendering. Subject to change. *Terms & Conditions apply. Call Trish for details! TRAVEL PRESENTATION January 23rd, 12:00pm - 3:00pm | 5575 Bonnie Street, Mississauga • Complimentary lunch • Presentation by Avalon Waterways and Further Afield Travel& Tours • Tour and reserve a suite for a chance to WIN* a travel voucher! Call Trish at (905) 542-9000 to RSVP today! A retirement lifestyleworthy of its Oakville address. Oakville's premier all-inclusive retirement lifestyle has arrived. Today we are going to take a high-level look at be- ing financially successful. First, let's define finan- cial success as having the ability to achieve your most important lifetime fi- nancial goals. For many Canadians that includes assisting their children with post- secondary education and planning for a financially secure retirement. Along the way there are other ob- jectives as well. For example, paying off student debt, purchasing your first house, upgrad- ing to a more expensive house, and paying down personal debt. As life con- tinues financial priorities evolve. To be financially suc- cessful, two things have to be co-ordinated. Financial planning and investing. Financial planning fo- cuses on the big picture. What are your financial goals? How will you save and invest to reach them? If you want to retire at age 65, consider the type of lifestyle you want to be able to afford. Then calcu- late how that will be fund- ed. Canada Pension Plan and Old Age Security will provide some of the fund- ing. Are there other sourc- es of income you can rely on in later years? What size investment portfolio will you need to retire with financial confi- dence? How much do you have now, and how will your investment portfolio grow through ongoing sav- ings and investment re- turns? Consider your answers to the above questions as stage one. Financial plan- ning based on your own specific financial needs and wants. Stage two is about in- vesting. A solid financial planning foundation is re- quired to keep investing ef- forts on target. forts on target. f Just as nobody would ever dream of building a house without a specific plan, it is a mistake to build an investment port- folio without a well-folio without a well-f thought-out plan. Investing poorly will likely result in failure. If not correctly implemented through prudent invest- ing, the best financial plan in the world could be un- successful. Financial success is based on careful financial planning and implement- ed with a strong invest- ment strategy. Peter Watson, of Peter Watson Investments, MBA, CFP, RFP, CIM, FCSI, offers a weekly fi- nancial planning column, Dollars & Sense. He can be contacted through www.peterwatsoninvest- ments.com. OPINION BOTH FINANCIAL PLANNING AND INVESTING ARE IMPORTANT WELL THOUGHT-OUT PLAN THE KEY, WRITES PETER WATSON PETER WATSON Column Got plans for the weekend? FIND MORE LOCAL EVENTS AT INSIDEHALTON.COM