Archive by tag "planning"

Making Sense of RRIF’s, LIRA’s and LIF’s

September 12th, 2016

Many of us know what an RRSP is, but for a lot of people, retirement investment tools like RRIF’s, LIRA’s and LIF’s are an alien language. My goal in this article is to shed some light on these important but sometimes poorly understood tools.

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The Rise of Semi-Retirement

June 22nd, 2015

When I started working in the retirement planning business, I was surprised to learn that a significant percentage of my clients were not planning on retiring in the stereotypical way of giving up on work entirely and that many clients were aiming for what could be called a semi-retired lifestyle. A recent Hong Kong and [...]

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De-Bunking Retirement Myths – Continued

September 11th, 2014

I believe that there are no rules that apply across the board to everyone when it comes to retirement planning. As a result I find it extremely irritating when ‘experts’ come up with universal rules like “you need 70% of your pre-retirement income to support your lifestyle after you retire”.

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Adventures in Cash Flow Land

December 16th, 2013

I was presenting my final report to a client. My conclusion was that by withdrawing the annual minimum from his Life Income Fund along with other sources of pension income such as CPP, OAS and a defined benefit pension, he and his wife could afford their vision for the next phase of their lives.I was [...]

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Retirement for Smarties to Hit the (e)Bookshelves

July 1st, 2013

I am excited to announce that the ebook Retirement for Smarties: Managing the Transition from Accumulation to Payout will be published in the coming weeks. The book is a distillation of earlier articles in this newsletter which is intended to help people to address the financial issues involved in the transition from work to retirement: “The [...]

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The Next Step in Asset Allocation

June 11th, 2012

When you are saving for your retirement, the major investment decision you face is how to allocate your assets into equities, fixed income instruments and short term, liquid investments. This post discusses asset allocation after you retire when you enter the de-accumulation phase.

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Look Before You Leap

February 19th, 2012

At the beginning of every financial planning engagement, I always ask my clients two questions: describe your vision of retirement, and describe how your lifestyle is going to change after retirement. My motives in asking these questions are to find out whether the client has a vision of retirement and to assess the extent of the [...]

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Retirement Risks: Overview

February 2nd, 2012

Over the last several newsletters, I have spent time discussing the risks of retirement. This post will present an overview of retirement risks drawing on the most recent work of some leading Canadian experts.

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Another Dimension to My Practice

October 2nd, 2011

Thinking back on my experiences as a retiree, it occurred to me that the issues that most troubled me were not financial but lifestyle. I was filling my time, but I did not find what I was doing fulfilling

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A “Just in Case File”

February 3rd, 2011

In January, 2009, Good Times magazine printed an article written by Lillian Newberry, titled “Your Just in Case File”. The article talks about her husband’s sudden death and a binder that he had put together in the event that something like this happened. This article, click here, has been reprinted with permission from Good Times. [...]

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