Monthly One – Two – Three Newsletter
RESOURCE: What is Your Bear Market Plan in Retirement?
Unfortunately, market declines and recessions will happen regularly, so your financial and retirement plans must consider them when developing your retirement income and spending strategy.
You Could Have 6 Bear Markets Over Your Retirement. Since 1956, the Canadian stock market has had 12 bear markets, averaging one major market decline every 5 years. In a retirement span lasting 30 years or more you might experience 6 market crashes, corrections, or downturns. While you can’t predict when they’ll happen, you need to be prepared with a strategy in place.
RESOURCE: How Does Retirement Spending Change as You Age?
As people transition into retirement or semi-retirement, they often wonder how much they can safely spend without running out of money. Although no one can predict exactly how much they will spend 30 years from now, creating a projection is essential for planning. On average, retirees tend to spend less as they age. Here’s how you can incorporate this trend into your retirement planning.
RESOURCE: What are the Top 26 Estate Planning Tips to Consider?
Estate Planning helps ensure a stress-free transition of your assets to the next generation or intended beneficiaries. We discuss the top Tips to consider when planning your estate.
Do you Have Any Questions?
If you would like to set a time to discuss any of the above or have any other questions, please use the link below to set a time for a virtual meeting or telephone call.
Two Curated Articles!
Smart Tax Strategies for Parents and Students
Now that the school year is in full swing, it’s a good time for financial advisors to delve into some taxing questions. If your client is a parent with one or more children in university or a post-secondary institution, they’ll no doubt appreciate some practical, cost-saving advice. There are several tax benefits available to parents and students that could translate into real savings.
Smart tax strategies for parents and students
Control the Inheritance you Leave to your Heirs
If you were to imagine someone establishing a trust, you may picture an individual leaving their hilltop mansion and being driven by their chauffeur to stately law offices visited only by the rich and famous.
In reality, a trust can be used by just about anyone to meet a variety of estate planning needs. One of the most common uses is controlling how an heir or heirs will receive their inheritance.
Control the inheritance you leave to your heirs
One of something else!
Simon Sinek is an unshakable optimist. He believes in a bright future and our ability to build it together. Simon has devoted his life to help advance a vision of the world that does not yet exist; a world in which the vast majority of people wake up every single morning inspired, feel safe wherever they are and return home fulfilled at the end of the day. Every day is an opportunity to inspire someone.
Best Regards, Jack
PS If you have enjoyed this 3-2-1, feel free to pass it along!
The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd. This material is provided for general information and the opinions expressed and information provided herein are subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on the information presented, please seek professional financial advice based on your personal circumstances.
What To Do Next
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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 905-332-5503
ack 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.