How to Prepare for the Next Big One.
The last event I attended prior to COVID was the Daytona 500 in February 2020.
You may be wondering how a NASCAR race relates to the topic of retirement income planning?
Key Points for Wills and Powers of Attorney’s
After COVID-19 families realized they should focus on planning the family’s future. One of the most difficult challenges a Certified Financial Planner® has is to encourage clients to update and/or review their estate plan and documents. Often families tend to put this off, as it is not seen as urgent. However, the trauma of COVID-19 […]
Smart Tax Strategies for Retirees: Tax Efficient Income Withdrawals
One of the most important decisions a retiree must make is how to create an income and cash-flow strategy from the financial assets they have accumulated over their lifetime.
Your Monthly Game Plan Strategy
A Simple Financial Checklist We’re here to help you stay on track with your goals. Each month, we’ll send a short checklist you can use to stay proactive. A few minutes now can make a big difference later. Wrap-Up 2025: Year-End Financial Checklist As we close out 2025, it’s a great time to pause and […]
Smart Tax Strategies for Retirees I 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!
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® In an article by Emma Davie in CBC News Canada, about a Halifax woman calling for more protections on RRSPs after husband’s sudden death, she reviews what can happen if you don’t have correct beneficiary designations on your registered plans. 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 is in a lower tax bracket.
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 your estate may be, the […]
“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 recent chat with Carl Richards, creator of The Sketch Guy and author of the new book Your Money: Reimaging Wealth in 101 Simple Sketches, we talked through one of his […]
“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 recently had the chance to speak with Carl Richards, author of the new book Your “Money: Reimaging Wealth in 101 Simple Sketches” — and one idea from our conversation really […]