Can we give money to our children to help with a home purchase?

In meeting with clients a common question we hear is,” Can we give money to our children to help with a home purchase?” With real estate prices today, the only way many young adults can afford to purchase a home is with help from the bank of Mom and Dad. People often ask if there […]

Risks to Retirement Income Planning

Retirement Income Planning is a speciality in the world of financial advice. There are specific risks that are different from simply saving for retirement. It requires a different skillset for the advisor to be able to plan for the specific risks when developing an income plan that will last a family’s entire lifetime.   From my […]

Smart Tax Strategies for Retirees: The Four Types of Income in Retirement

Planning for taxes in retirement is like putting together a puzzle that is specific to each retiree. The type of income determines how it is taxed.   Each year in retirement this must be reviewed to determine what is the best strategy that balances your current year’s income, and your long-term legacy plan.   It is a […]

How much income do you need in Retirement?

How much income do you need in Retirement?

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The following is an excerpt that describes how much income you need in retirement –   “You’ve been retired for a while. How much income do we actually need in retirement, Uncle Wayne?”  How Much Income Do You Need in Retirement? Uncle […]

How do you Develop a Diversified Portfolio?

Diversified Portfolio

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® How do you Develop a Diversified Portfolio? “So how do you actually develop a diversified portfolio?” asked Sally. “I understand the basics between bonds and equities, and clearly I haven’t been doing as much research and reading as Alice. How do […]

What are the Retirement Income Planning Options?

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Retirement Income Planning Options “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 return investing: diversified portfolio combination of the […]