jlumsden@assante.com

Appendix D: Executor Checklist

Executor Checklist

For your FREE Copy of Preserving Wealth CLICK HERE The duties of Executor/Executrix/Liquidator in Quebec (referred to as the Executor throughout this document) require you to take on the responsibility of administering the estate and carrying out the last wishes of the deceased. The Last Will and Testament is the legally binding record of the […]

Appendix C: Planning Your Will and Powers of Attorney

Wills and Powers of Attorney

For your FREE Copy of Preserving Wealth, CLICK HERE Introduction  This document contains background information regarding the planning of your Will and Powers of Attorney.  Its purpose is to provide you with a further understanding of the subject matter and related issues, in order to assist you in making key decisions.  Your Will – An […]

Free Book Offer to Kick Off Your Finances in 2024!

Free Book Offer

As we start the new year, the desire to organize and get our “financial house” in order is a common resolution. To jump start this process, I am thrilled to extend an exclusive offer– a chance to receive one of 10 complimentary hard copies of “Preserving Wealth: The Next Generation, The Definitive Guide to Protecting, […]

My Top Article Picks from the Past 3 Years

My top Article Picks from the past three years

Written by Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management Ltd.  INTRODUCTION 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, whether you’re just starting your financial […]

Planning Your Retirement in the Next 36 Months?

Planning your Retirement in the next 36 months

Written by Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management Ltd. Additional editing by ChatGPT. Are you considering retiring in the next 36 months, perhaps in 2024, 2025, or 2026? If so, it’s crucial to make sure you’re on the right financial path. Facing Key Challenges in Retirement Planning As you start this journey, […]

What are the tax and withdrawal strategies for Retirement Income?

Tax and withdrawel strategies

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The following is an excerpt that describes retirement tax strategies. Tax and Withdrawal Strategies “This all sounds very complicated,” Mark commented. “How do you review the various tax strategies?” “First of all, you need a great accountant and CFP, and there […]

Retirees’ Tax Planning Checklist

Retirees' Tax Planning Checklist

Written by Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management Ltd.  For your FREE Copy of Preserving Wealth, CLICK HERE In the 2023 Fidelity Retirement Report, retirees’ # 1 concern was minimizing taxes. This is unsurprising since taxes are the majority of retirees’ most significant unwanted expenses. If retirees can reduce the taxes they […]

Retirement Tax Layering: Partial RRIF/RRSP Conversion

Retirement Tax Layering: Partial RRIF/RRSP Conversion

Authored by Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management Ltd. Additional editing by ChatGPT. For your FREE Copy of Preserving Wealth, CLICK HERE Introduction Retirees contemplating their financial strategy often find value in strategically converting a portion of their RRSPs to RRIFs before reaching the age of 71. This proactive approach allows individuals […]

Appendix B: The Four Essential Family Conversations

Four Essential Family conversation regarding estate planning

For your FREE Copy of Preserving Wealth, CLICK HERE The Estate Documents Conversation The estate documents conversation is a conversation you should have with your parents, children, executors, and powers of attorney to review and discuss the following key issues: With your parents:   With your children:    With your executor and powers of attorney […]

What are the Retirement Income Planning Options?

What are the Retirement Income Planning Options?

Retirement Income Planning Options Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® For your FREE E-Copy of Preserving Wealth, CLICK HERE “There are five main options to achieve the cash flow you desire from your own assets: income only investing income-focused investing. guaranteed income: life income annuity/guaranteed income products total […]