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How much Income do you need in Retirement

WebThink about your retirement income needs and what you want to accomplish in your golden years. This article can get you started. A key difference is that when you are retired you …

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The Three Stages of Retirement Spending

WebApril 14, 2022. 2:43 pm. No Comments. When retirement planning, you may want to view your spending in three different phases. Michael Stein, who wrote “ The Prosperous …

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What are the Risks to Retirement Income Planning

WebRetirement Income Planning is a specialty in the world of financial advice, as it has specific risks that are different than when simply saving for retirement. It requires a …

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Smart Tax Strategies for Retirees: Keep Track of Health & Medical

WebAdd up your expenses (best 12-month period) From your expenses, deduct the lessor of 3% of your income, or $2,421 for 2021. The tax credit is 15% of the above. …

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Six Unique Risks to Retirement Income Planning

WebInflation. Inflation risk is the risk of not being able to maintain your purchasing power during retirement. Over time everything can become more expensive and can …

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How much income do you need in Retirement

WebRetirement Planning Options. There are five main options to achieve the cash flow you desire from your own assets. I suggest the starting point is to determine …

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The Four Pillars to a Successful and Happy Retirement

WebJack Lumsden. December 14, 2021. 11:14 am. No Comments. When helping clients and their families make the transition to retirement or work optional years, I have discovered …

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Nine Tax Strategies to Pay Less Tax in Retirement

Web6. Avoid the OAS Recovery Tax. Old Age Security (OAS) is an income benefit that is paid to Canadians once they reach the age of 65. If your individual income is over …

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HOW LONG DO YOU NEED TO PLAN FOR (OR HOW LONG WILL …

WebThe FPSC recommends that planners based their plans on an age that has no greater than a 25% chance of running out of money. (Unless they have specific health risks currently) …

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Medical and Health Care Options for Retirees

WebWhile working many Canadians have medical and health insurance as an employee benefit. Their company often pays for a substantial portion of the coverage, …

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Resources to Review As You Approach Retirement

WebAs you reach your mid to late 50s and early 60s (and as you look in the mirror), you begin to realize you are closer to the end of your career than the beginning.

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Risks to Retirement Income Planning

WebA closely related risk is elder fraud and abuse. This is more prevalent today with the aging population, and it is imperative this risk is planned for well ahead of time. …

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Appendix C: Planning Your Will and Powers of Attorney

WebThis document contains information regarding the planning of your Will and Powers of Attorney. Its purpose is to provide you with a further understanding of the …

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You Don’t Know Jack; “How Long Do you Need to Plan For (or …

WebJack Lumsden, MBA, CFP®, Senior Wealth Advisor Assante Financial Management Ltd. www.jacklumsden.com 905.332.5503 or 1.877.335.1960 currently) So, based on the …

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Appendix G: Risk Management Planning

WebIn this Appendix we list the stages of life, wealth management concerns for each stage, and contingencies. Contact Jack for a further discussion in risk management …

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Reference Guide PLANNING FOR INCAPACITY

WebNo one likes to think about when a loved one can't look after themselves. Planning for incapacity is as important as investment planning. It can happen to anyone, whether …

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Should I transfer the ownership of my house or investment …

WebExcerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP®. A common question we receive is, “Should I transfer the ownership of my house …

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Appendix B: The Four Essential Family Conversations

WebFor your FREE Copy of Preserving Wealth, CLICK HERE The Estate Documents Conversation. The estate documents conversation is a conversation you …

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