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 […]
Three of our best Insights for May
Our Monthly 3-2-1- Newsletter RESOURCE: What are the Retirement Income Investment Options As you transition from your working years to retirement or optional work years, creating a cash flow stream from your investments is critical to retirement planning. There are five main retirement investment options to consider when developing a prudent plan for retirement cash […]
How to Avoid Losing Money in the Stock Market
Lately, market volatility has been making headlines, leaving many investors wondering what they should do. Should you sell? Hold steady? Make changes? Before making any big decisions, let’s break down what “losing money” really means and how you can protect your investments. What Does It Really Mean to “Lose Money”? When people say they’re “losing […]
If you are within 5 years of retirement, do this now!
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Track your expenses!! If you are thinking about retiring within the next 5 years, you need to determine how much you spend in a year. Your day to day living expenses is the starting point to determine if you are on-track, […]
Ross and Rachel’s Transition to Retirement: A Clearer Path Forward
Case Study: Ross (64) is gearing up for retirement this year, while Rachel (60) retired last year after dedicating over 35 years to her career. Over the years, they’ve saved diligently using workplace savings plans, RRSPs, and TFSAs. Recently, a family inheritance added another layer of complexity to their financial picture. Like many parents, they […]
Three of our Best Insights for January 2025
Our Monthly 3-2-1- Newsletter 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 journey to retirement or seeking a refresher. My Top […]
Why the Legacy Conversation is Important
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The Legacy conversation is an important talk to have with your children and beneficiaries in order to reduce stress and potential conflict in the future. It will put your children at ease and provide for peace of mind as they know […]
The Real Affect of Taxes and Inflation on Investment Returns
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Over the long term, taxation and inflation reduces your real purchasing power. The result can be quite dramatic and must be taken into consideration when investing. How do Taxes and Inflation affect investment returns? “You haven’t considered the other risk factors […]
What are the key items to consider when reviewing your insurance needs?
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® As we clattered around in the kitchen, we summarized the major points from our discussion about insurance: 1. Many people underestimate the amount of insurance they need and/or buy the wrong kind. For short-term needs (less than twenty years), buy term […]