RRSP Maturity Options: What You Need to Know
You don’t have to wait until you’re 71 to convert your RRSP. You can do it anytime before then, depending on what works best for your retirement income strategy. The key is choosing the right option based on your goals, cash flow needs, and tax situation. If you are turning 71 this year, you must […]
He Starts Now. She Waits. CPP and Retirement
A Barbell Approach to CPP That Just Might Work for You Too Ross and Rachel are a couple I’ve been working with for years. Rachel retired a while ago. Ross is planning to wrap up work at the beginning of 2026. He’ll have a fully indexed pension that covers their income needs pretty well—and they’ve […]
Why Every Retiree Needs a Bear Market Plan
Let’s be honest—market declines aren’t maybe in retirement. They are when. A typical retirement lasts 30 years, and during that time, there could be five or six bear markets. That’s five or six times the market could drop by 20% or more. And while we don’t know when those drops will happen, we do know […]
Three of our Best Insights for March
Our Monthly 3-2-1- Newsletter RESOURCE: Five Key Mindsets for the Transition to Retirement Our blog has grown tremendously over the last three years, with over 100 posts, each aimed at providing valuable insights into financial planning. In this compilation, I’ve selected the articles that stand out as essential reads on creating the mindsets for retirement […]
How to Avoid Losing Money in the Stock Market
Lately, market volatility has been making headlines, leaving many investors wondering what they should do. Should you sell? Hold steady? Make changes? Before making any big decisions, let’s break down what “losing money” really means and how you can protect your investments. What Does It Really Mean to “Lose Money”? When people say they’re “losing […]
Game Plan Strategy: Beneficiary Financial Checklist
We’re here to help you stay on track with your financial goals. This monthly checklist is designed to keep your financial plan moving in the right direction—one step at a time. Taking a few minutes to review this now can help you make informed decisions and stay ahead of any financial surprises. Office Hours Have […]
If you are within 5 years of retirement, do this now!
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Track your expenses!! If you are thinking about retiring within the next 5 years, you need to determine how much you spend in a year. Your day to day living expenses is the starting point to determine if you are on-track, […]
Three of our Best Insights for February 2025
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: 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 […]
Ross and Rachel’s Transition to Retirement: A Clearer Path Forward
Case Study: Ross (64) is gearing up for retirement this year, while Rachel (60) retired last year after dedicating over 35 years to her career. Over the years, they’ve saved diligently using workplace savings plans, RRSPs, and TFSAs. Recently, a family inheritance added another layer of complexity to their financial picture. Like many parents, they […]
What is the Next Gen Education Conversation?
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® It has been my experience that personal finance has not been taught well in high school or even University. I know that our kids had no such education at school. Simple ideas such as paying off your credit cards monthly, compounding, […]
