jlumsden@assante.com

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, […]

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 […]

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 […]

Annuities Update for Retirees: Creating A Personal Pension Plan

Annuities Update for Retirees

For your FREE E-Copy of Preserving Wealth, CLICK HERE In recent years, annuities have gained renewed appeal for retirees due to the shift in interest rates. This article explores annuities and why they could benefit your retirement income strategy.  Understanding Annuities – Your Personal Pension Plan An annuity is a contract with a life insurance company […]

The Retiree’s Initial Tax Decision

Retirees aim to reduce their tax burden while striving for a tax-efficient estate transfer to the next generation.

Written by Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management Ltd. Additional editing by ChatGPT. In the recently released 2023 Fidelity Retirement Report, retirees’ top concerns were identified as follows:   Unsurprisingly, many retirees aim to reduce their tax burden while striving for a tax-efficient estate transfer to the next generation. This situation often […]

Optimal Timing for Initiating Old Age Security Benefits

Optimal Timing for Old Age Security Benefits

One of the pivotal questions frequently encountered by retirees is, “When should I start  Old Age Security (OAS) benefits?” Should OAS be commenced at age 65, or would it be more advantageous to delay starting OAS to age 70? Understanding Old Age Security (OAS) Old Age Security is a monthly pension accessible to Canadian citizens […]