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 Article Picks from the Past 3 Years
The articles includes a selection of posts on the following topics:
- Mindsets for the Transition to Retirement
- Creating your Retirement Income
- Paying Less Taxes in Retirement
- Preserving Wealth and Financial Navigation
- Wealth Transfer to the Next Generation
- Ensuring your Family Security
- For Business Owners and
- Special Considerations
Are you considering retiring in the next 36 months, perhaps in 2025 or 2026? If so, it’s crucial to make sure you’re on the right financial path.
Planning Your Retirement in the Next 36 Months?
Much has been written about the various strategies to avoid probate fees or the estate administration tax. The reason is simple, in Ontario, probate fees are 1.5% of the estate over $50,000. This fee is applied to assets that are transferred through the will.
However, probate may be valid for some uses, and with all strategies you must watch for unintended results
Why Probate may be a Good Thing
Two Curated Articles for You!
Segmenting Retirement Expenses into Core vs Adaptive to Create Retirement Buckets
Source: Kitces Nerds Eye View
Author: Michael Kitces
“In essence, separating “essential” vs. “discretionary” expenses by looking at categories of spending doesn’t necessarily work.
Instead, the better approach is perhaps to segment spending within each category into the “Core” expenses that form the nucleus of the household’s lifestyle, from the truly discretionary (and more easily adaptable) expenses within each category (from the upscale restaurants to the designer clothes).
In other words, there’s a potential layer of Core vs. Adaptive expenses in every spending category.”
The Good News on Safe Withdrawal Rates
Source: Morningstar
Christine Benz and John Rekenthaler contributed to this article.
“Our annual study suggests that new retirees can spend more from their portfolios.”
One of something else!
Interesting newsletters/blogs you can sign up for:
Renowned author, entrepreneur, and marketing expert Seth Godin is known for his transformative ideas in business and leadership.
Author of the #1 New York Times bestseller, Atomic Habits, which has sold more than 20 million copies worldwide.
Best Regards, Jack
PS If you have enjoyed this 3-2-1, feel free to pass it along!
What To Do Next
Are You on Track with Your Retirement Strategy? FIND OUT TODAY!
For more information, refer to Preserving Wealth: The Next Generation – The definitive guide to protecting, investing, and transferring Wealth by Jack Lumsden, MBA, CFP® or schedule a call with Jack at 905-332-4403
Jack Lumsden is a Financial Advisor with Assante Financial Management Ltd. The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd. Please contact him at 905.332.5503 or visit www.jacklumsden.com to discuss your circumstances before acting on the information above.
Insurance products and services are provided through Assante Estate and Insurance Services Inc.
