What are the Retirement Income Planning Options?

Retirement Income Planning

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Retirement Income Planning Options “There are five main options to achieve the cash flow you desire from your own assets: income only investing income focused investing. guaranteed income: life income annuity/guaranteed income products total return investing: diversified portfolio combination of the […]

What are the tax and withdrawal strategies for Retirement Income?

Tax Strategies

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The following is an excerpt that describes retirement tax strategies. Tax and Withdrawal Strategies “This all sounds very complicated,” Mark commented. “How do you review the various tax strategies?” “First of all, you need a great accountant and CFP, and there […]

What are the Risks to Retirement Income Planning?

Risks with Income Planning

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The following is an excerpt that describes some of the risks to retirement income planning. “That’s a great analogy, Uncle Wayne. I can see how it’s important to make sure you have a great plan as you transition to retirement, but […]

The Estate Documents Conversation

Estate Document Conversation

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The current COVID -19 Pandemic has made more people review their estate plans and make sure they have what is required. A critical part of this review is to include an Estate Documents Conversation with their family.  The point is, why create […]

What is the Eldercare Conversation?

eldercare conversation

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The current COVID -19 Pandemic has highlighted the key issue of Eldercare in Canada and why everyone should include an Eldercare strategy in their financial plan. In my experience, this is an important conversation that clients are having with their parents when […]