Insights
Learn More About Retirement Planning & Wealth Management
Smart Tax Strategies for Retirees: Keep Track of Health & Medical Expenses
A smart tax strategy during retirement is to keep track of your medical expenses and take advantage of any credits that may be available.
Avoid a huge $$$$ mistake. Check your beneficiary designations now!
A recent article from CBC, Halifax women calling for more protections on RRSPs after husband’s sudden death by Emma Davie, reviews what can happen if you don’t have correct beneficiary designations on your registered plans. The article explained that the husband in the story had named his mother as the
Smart Tax Strategies for Retirees: Income Splitting
Income tax is one of the largest expenses any retiree has. A smart tax strategy to reduce a family’s overall tax burden is to split the income. This means to shift income from a spouse or common law partner (CLP) who is in a higher tax bracket to one who
Registered Education Savings Plan (RESP)
My kids are 18 and 20, does setting up a new Registered Education Savings Plan (RESP) still make sense? Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® A new client asked if it still made sense to set up a new RESP for his
Who should you name as Executor?
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® A common question I received as an advisor is whom should we name as executor in our Wills? The true answer is that it depends on your situation. It usually ends up based on how complicated
Questions to Ask When Interviewing a Financial Planner
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Deciding on which financial planner to hire is a particularly important decision for families to make. The following are key questions that FP Canada has designed to help in the selection process. How to Interview a
If you are within 5 years of retirement, do this now!
Three of our Best Insights for February 2025
Ross and Rachel’s Transition to Retirement: A Clearer Path Forward
What is the Next Gen Education Conversation?
Are Tax Free Savings Accounts Misnamed?
Three of our Best Insights for January 2025
Download your FREE COPY of our recently published Book PRESERVING WEALTH: THE NEXT GENERATION
The Definitive Guide to Protecting, Investing, and Transferring Wealth.
You can purchase a Hard Copy of Preserving Wealth HERE
Download Your FREE copy of our White Paper: ‘Your Retirement Road Map: How to Make the Transition to Retirement’ HERE
