The Four Pillars to a Successful and Happy Retirement
When helping clients and their families make the transition to retirement or work optional years, I have discovered that there are four key pillars to a happy and successful retirement: Health Relationships Reliable and Consistent Income Retirement Road Map Key Takeaways: The Four Pillars to a Successful and Happy Retirement Health Physical and mental health […]
Smart Tax Strategies for Retirees: Take Advantage of Key Tax Credits
As a retiree, there are a few tax credits you should be aware of which may reduce your tax bill. Every dollar you save in tax means either more spending and/or preserving your wealth for you.
Retirement Income Planning
In a recent conversation, I was asked if there are any advantages to consolidate their investments and financial advisors as they approach retirement.
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?
Smart Tax Strategies for Retirees: Avoid the OAS Recovery Tax
Old Age Security (OAS) is an income benefit that is paid to Canadians once they reach the age of 65. If your individual income is over $79,845 for 2021, you will have to start to pay back your OAS at a rate of 15% for each dollar over $79,845. This tax recovery is often […]
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.
“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 […]
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 on paper: They had saved diligently and avoided debt for decades. But as Chandler’s April 30, 2025 retirement date approached, they started to worry: They knew they wanted to accomplish […]