While working many Canadians have medical and health insurance as an employee benefit. Their company often pays for a substantial portion of the coverage, and most often medical and health insurance expires when you retire.
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® How Much Income Do You Need in Retirement? 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?” Uncle […]
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 […]
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 […]