Our Monthly 3-2-1- Newsletter
RESOURCE: Nine Tax Strategies to Pay Less Tax in Retirement
Your goal in retirement should be to organize your income stream to:
- reduce the amount of tax you may have to pay
- preserve any government tax credits
- preserve government income plans such as Old Age Security
The result will be greater spending for you today and potentially greater wealth for the next generation.
RESOURCE: The Three Stages of Retirement Spending
When retirement planning, you may want to view your spending in three different phases. Michael Stein, who wrote “The Prosperous Retirement,” divided retirement into three decades: GO-GO, SLOW-GO, and NO-GO.
RESOURCE: Uncle Wayne’s Top Estate Planning Tips
Twenty-six of Uncle Wayne’s Top estate planning ideas.
OFFICE HOURS
If you would like to set a time to discuss any of the above or have any other questions, please use the link below to set a time for a virtual meeting or telephone call.
Two curated articles!
Many people don’t realize that pets are considered property in wills. Experts suggest including a detailed plan and money in your will to make sure your pet gets proper care by someone you trust.
Who gets Fluffy when you’re gone? Pet inheritance is more complex that you think
Making the Most of a First Home Savings Account
If you have a child or grandchild eligible for an FHSA, here are some strategies and considerations to help with your and their decisions.
Making the most of a First Home Savings Account
One of something else!
Embrace Discomfort to Reclaim Your Wild, Health, Happy Self
The Comfort Crisis by Michael Easter
In Michael Easter’s thought-provoking book, “The Comfort Crisis,” he skillfully blends personal anecdotes with scientific research to inspire readers to venture beyond their comfort zones to pursue a more fulfilling life. While some of the proposed challenges may seem daunting, the book offers an enlightening overview of how embracing discomfort can lead to a healthier and happier existence.
Best Regards, Jack
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What To Do Next
Are You on Track with Your Retirement Strategy? FIND OUT TODAY!
For more information, refer to Preserving Wealth: The Next Generation – The definitive guide to protecting, investing, and transferring Wealth by Jack Lumsden, MBA, CFP® or schedule a call with Jack at 905-332-4403
Jack Lumsden is a Financial Advisor with Assante Financial Management Ltd. The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd. Please contact him at 905.332.5503 or visit www.jacklumsden.com to discuss your circumstances before acting on the information above.
Insurance products and services are provided through Assante Estate and Insurance Services Inc.
