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three stages of Retirement spending

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: the GO-GO years, SLOW-GO years, and the NO-GO years. When discussing retirement income planning, Frank Jasek CPA, CA and I rephrased those terms based

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Tax Credit Reviews

Key Tax Credits to Review

Key Tax Credits to Review As everyone begins to assemble their tax documents to complete their 2021 income tax returns, there are some tax credits you will not want to overlook. Be sure to bring any expenses to your accountant. Here is a helpful list. Carry Charges If you have

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Preserving Wealth

Preserving Wealth The Next Generation

The Definitive Guide to Protecting, Investing, and Transferring Wealth. This book is based on my experiences working with many families developing and implementing plans to build, preserve and transfer wealth. I hope you enjoy the first chapter! CHAPTER 1: INTRODUCTION—MEET THE CAST It was the usual opening day for our

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Corporate Assests for Retirement

Seven Strategies to Withdraw Corporate Assets for Retirement

A great strategy that many owners of Canadian-controlled private corporations (CCPC) use to build up retirement savings is to invest within their corporation using the benefit of the tax deferral between their personal income tax rate and the small business income tax rate. At retirement business owners may end up

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Money

When do you need the money?

In a meeting with a potential client, they asked, “How should I invest the money I just received?” The key issues to review are: What is the money for? When do they need it?  Situation: They had just received $400,000 income from a company they were associated with.  Due to

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Spend the Money
Blog

“Spend the Money”: A Gentle Reminder That Life Is Happening Now

Intro: If you’ve ever felt guilty about spending your own money—even after a lifetime of saving – it turns out, you’re not alone. In a ...
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Ever feel like your financial plan has to be perfect?
Blog

“Why Being ‘Less Wrong’ Might Be the Best Plan”

Ever feel like your financial plan has to be perfect? It doesn’t. In fact, trying to make it perfect can actually hold you back. I ...
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Jack Lumsden can help you retire with confidence
Uncategorized

The Story of Chandler and Monica Retiring with Confidence

How Chandler & Monica Went From “Do We Have Enough?” to Retiring with Confidence Chandler (70) and Monica (73) were in a solid financial position ...
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The Essential Family Conversations You Should Be Having
Blog

The Essential Family Conversations You Should be Having

When the world experienced COVID-19 globally, it brought family planning and care issues to the forefront for many families as concerns for their loved ones ...
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Jack Lumsden can help answer questions on RESPs
Blog

Registered Education Savings Plan (RESP)

My kids are 18 and 20, does setting up a new Registered Education Savings Plan (RESP) still make sense? A new client asked if it ...
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Three articles on retirement income planning
Blog

Three of Our Best Insights for September

Monthly One – Two – Three Newsletter RESOURCE: What is Your Bear Market Plan in Retirement?   Unfortunately, market declines and recessions will happen regularly, ...
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The Definitive Guide to Protecting, Investing, and Transferring Wealth.

You can purchase a Hard Copy of Preserving Wealth HERE

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Book icon of Preserving Wealth - The Next Generation written by Jack Lumdsen, MBA, CFP.

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