2022 Year-End Planning Checklist

checklist year end

The end of the year is a great time to take a quick review of your personal finances to determine if you have any action items prior to December 31.   To help this process below is a checklist that covers events, milestones, taxes, insurance, and retirement plans – areas that often need attention prior to […]

4 Things Retirees Should Know About the 4% Rule

4 percent rule

When people are looking to make the transition to retirement, they want to know how much they can spend each year without running out of money. The amount of capital you can safely withdraw from your portfolio each year without running out of money has been called the “Safe Withdrawal Rate.” There is something called the […]

Chapter 2: THE DOUBLE O’s – What You OWN and What You OWE

What you owe and own

Chapter 2: THE DOUBLE O’s – What You OWN and What You OWE Even though the first meeting was set for our cottage, I was surprised when Aunt Lorraine and Mark showed up so early on Saturday morning. It seems Mark’s boys had come up for the weekend with their girlfriends, and the atmosphere was […]

What to do during a Market Downturn or Recession

Market Turndown and Recession

With the market decline this year and a potential recession, people want to know what they should do with their investments and financial plans. You can take the following suggestions and actions to help navigate a market downturn. Key Suggestions Avoid doing anything drastic With a market decline, it can be tempting to get out […]

Your Retirement Road Map: How to Make the Transition to Retirement

Transition to Retirement

White Paper INTRODUCTION Likely you have worked most or all your adult life, often for over 30 years. At some point you will be looking to make the transition to retirement, or perhaps have the ability to make work optional. Typically, when you first started to work, your largest financial asset was your ability to […]

How do you Create a Retirement Road Map?

Creating Retirement Road Map

Once you have found a financial advisor that specializes in retirement income planning, they should be able to guide you through the process using a series of meetings that will: Identify your values and what is important to you. Determine what your retirement goals and income requirements are. Discuss your other goals that require planning […]

Retirement Income Withdrawal Strategies

Retirement Income Withdrawel Strategies

Retirement Income Withdrawal Strategies In our conversations with people making the transition from their working years to retirement, many have done a great job of saving over time. They end up with many potential retirement-income sources but are unsure of how to put it all together.  As a result, retirement income planning has been compared […]

How to Navigate a Market Downturn for Retirees

Navigating Market Downturn

With the market decline this year, people want to know what they can do. The following are suggestions and actions you can take to help navigate a market downturn. Key Suggestions Complete a Portfolio Performance Review The first step is to find out if other portfolios with a similar investment mix have declined about the same […]

Paying Your Income Taxes in Retirement

Paying Income Taxes in Retirement

When making the transition from your working years to retirement, a common concern or question that comes up is, “How do I pay my taxes in retirement?”  I had this conversation with two clients recently as many retirees are unsure of how taxes work in retirement. Key Takeaways: As a retiree, you pay your income […]

The Three Stages of Retirement Spending

retirement spending

When retirement planning, you may want to view your spending in three different phases. Michael Stein, who wrote “The Prosperous Retirement”, divided retirement into three decades: the GO-GO years, SLOW-GO years, and the NO-GO years. When discussing retirement income planning, Frank Jasek CPA, CA and I rephrased those terms based on our experience and have […]