Chapter 5: Protecting Your Family
For your FREE Copy of Preserving Wealth, CLICK HERE The following weekend, Sandra and I woke up early on Saturday. The water was still, and the sun was just beginning to burn off the morning haze. We decided to slip down to the water for a quick swim before the kids woke up. When we […]
Strategies when Receiving an Inheritance
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Having a reputable Financial Advisor is a good start. For the short term, one should be looking both at the safety of the money and at the interest rates they can earn. “If you deposit the money at your bank or […]
Resources to Review As You Approach Retirement
As you reach your mid to late 50s and early 60s (and as you look in the mirror), you begin to realize you are closer to the end of your career than the beginning. You start to take a closer look at your finances and wonder if you will be able to retire at some […]
Chapter 3: Protecting and Preserving your Wealth
“Well, David, I have to say one thing—you sure have become a good cook. This has been one of the best breakfasts we’ve had all summer.” David’s face was rife with suspicion as he glanced over at Alice. “It’s only our second Saturday breakfast, dear, and I think I know why you’re buttering me up. […]
Tax-Free Savings Account (TFSA) Update for 2023
Key Items: Resource: Tax-Free Savings Account Guide for Individuals TFSA Summary A Tax-Free Savings Account (TFSA) is a type of savings account that has been available to Canadian residents over the age of 18 since 2009. Contributions to a TFSA are not tax deductible, but any income earned within the account is tax-free. You […]
The 32 Blog Posts from 2022
Below I have sorted the thirty-two blog posts I wrote last year by topic of interest to make the content easier to find. Some of the articles are good, some are ok, and some are… Feel free to forward them to any family or friends who may find them of value. If you have any […]
How Do You Develop a Diversified Portfolio?
A common question people have when we initially meet is, “How do you develop an investment portfolio?” Many people have a basic understanding of the difference between income and equities but are unsure of how to put it all together. When approaching retirement or in retirement, there are six key factors to developing a globally […]
What To Do with Cash Now
The Bank of Canada has raised its policy rate over 2022, and it is currently 3.75%. Prior to the interest rate increases this year, there were not many options for your cash reserves. With inflation running at 6.9 % today, you need to earn as much interest as you can on your cash. KEY TAKEAWAYS: […]
2022 Year-End Planning Checklist
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
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 […]
