Financial planning tool
Financial confidence is just a few clicks away
Even if you’re not exactly sure where you’re going yet, our simple, self-directed online financial planning tool will help you uncover your brightest future. Set personalized goals, review and apply recommended strategies, monitor progress, and more. It’s included in your online banking account, so you can access your plan any time you want.
What you get from this plan
Get real-time data on your Meridian accounts every time you log in.
Set goals and view your progress in easy-to-understand graphs and charts.
Get personalized strategies for keeping your goals on track.
Download your plan or see it displayed in presentation format to share with others.
Get help from a virtual assistant while you build your plan.
STEP 1
Sign in and get started
Sign in to Meridian Online Banking. On the Account Summary page, choose “Financial plan.” In the mobile banking app, go to Settings and select “Financial plan.” Agree to the terms and start building your plan.
We recommend setting aside up to an hour to fill in your details and think through your goals. You can do it all at once or work on it over multiple sessions, whatever fits your schedule.
STEP 2
Enter your financial info
Add key details like your income, assets, debts, and ideal retirement age. All your Meridian info will already be synced, but you'll need to gather your information from other financial institutions you use (e.g., mortgage, pensions, investments etc.).
If you have investments outside of Meridian, gather any recent statements showing your investment holdings.
The types of information you’ll need include:
- Income from all sources, including rental, commissions, and investment income. Check your Notice of Assessment for specifics.
- Registered and non-registered investments, including RRSPs, RESPs, RRIFs, LIRAs etc.
- Other assets, including property.
- Pension and benefit details, including CPP, OAS, private or spousal pensions, and healthcare benefits.
- Liabilities, including mortgage, credit cards, loans and lines of credit.
- Estimated monthly retirement expenses including: living costs, healthcare, and leisure
STEP 3
Set up your goals and strategy
Choose your financial goals, get recommended strategies, and see the impact of your choices in real time. Access your plan any time in online banking. Revisit and adjust your plan as needed, at your own pace.
As you input your financial goals, think about your personal situation and what makes the most sense for you and your family.
Is managing cash flow and paying down debt a priority? Do you need to focus on building up savings and investing? When do you want to retire? Do you have a major expense coming up?
You can add multiple goals and the tool will recommend various strategies, which you can either select or skip based on your preferences. If the suggested strategies don’t make sense, you may have entered information incorrectly or be missing details.
Need help setting up your plan?
There are lots of options for help setting up your plan. Check out our frequently asked questions or review financial planning terms.
Plus, you can book a meeting to talk to an advisor about any questions you have and get free, one-on-one help.
Frequently asked questions Glossary: Financial terms Book a meeting
Hear from a Member
As Stacy’s financial plan took shape, she started to feel more financially confident. With reporting and tracking tools, she could visualize financial options and decide which path to take.
“Now I’m confident that I’m on track. I know how I’m spending. I know what my budget is. I know what my limits are.”
Stacy
Meridian Member
