Jack Lumsden, MBA, CFP®, Financial Advisor

As a retiree, there are a few tax credits you should be aware of which may reduce your tax bill. Some will require action and should be reviewed annually.

The last event I attended prior to COVID was the Daytona 500 in February 2020.

Families during COVID-19 have realized that they should focus on concerns such as planning the family’s future.

One of the most important decisions a retiree must make is how to create an income and cash-flow strategy from the financial assets they have accumulated.

Old Age Security (OAS) is an income benefit that is paid to Canadians once they reach the age of 65. This article discusses strategies to avoid any clawbacks.

Unfortunately, as you age, you may have increased health care and medical costs that are not paid for by the government.

Who you named as a beneficiary can be easily forgotten. Review your beneficiaries to make sure that the designations match your entire estate plan.

A common question is should I transfer the ownership of my house or investment account into joint ownership with my children to avoid probate fees?

My kids are 18 and 20, does setting up a new Registered Education Savings Plan (RESP) still make sense?

Retirement Income Planning should include consolidation of your investments and financial advisors as you approach retirement.

A common question I received as an advisor is whom should we name as executor in our Wills? The true answer is that it depends on your situation.

Be sure to pump the tires of your own personal retirement and estate plan as soon as possible. Meet with your advisor.

A commonly overlooked important financial strategy, is having appropriate Disability Insurance.

Understanding your financial situation is a critical first step in choosing a financial advisor.

The Legacy conversation is an important talk to have with your children and beneficiaries in order to reduce stress and potential conflict in the future.

Over the long term, taxation and inflation reduces your real purchasing power.

A common question that we receive every year prior to the RRSP deadline is should we take advantage of our unused RRSP contribution limits?

Today we are going to be reviewing portfolio rebalancing, and how it can be used to your advantage.

To find out if you are on track, and to evaluate if our services would provide value to your family, you can schedule a 15-Minute call.

Important conversations to have with your parents, children, and executor and powers of attorney, if not your children.

There comes a time for a family to have the conversation about retirement and living options for their elders.

Estate planning helps ensure a stress-free transition of your assets to the next generation or intended beneficiaries.

All too often we set insurance policies aside in a file drawer and forget that some items in them need to be reviewed from time-to-time.

Everyone is exposed to some type of risk every day – whether it’s from driving, walking down the street, investing, capital planning, or something else.

There are five main options to achieve when planning your retirement income. As an Assante financial advisor, I can help you achieve your goals.

The question people ask about retirement income planning is how much do they need to live on? Does the 70% of your pre-retirement rule apply?

When you are having the ‘money’ talk it should include planning for a retirement home.

COVID -19 Pandemic has highlighted the key issue of Eldercare in Canada and why everyone should include an Eldercare strategy in their financial planning.

Jack Lumsden, MBA, CFP®, is a financial advisor with over twenty years of experience. He is the author of the book - Preserving Wealth - The Next Generation.

Jack Lumsden, MBA, CFP®, is a financial advisor with over twenty years of experience. He has enjoyed building a strong career and loyal client base.

An Estate is the property that a person owns or has a legal interest in. The term is used to describe the assets and liabilities left by a person after death.

A lifelong resident of Burlington, Jack Lumsden MBA, CFP® helps his clients preserve and transfer their wealth and develop an income and cash-flow strategy.

You cannot plan wisely for the future without knowing where you are financially today.

A financial planner professional helps you organize your finances and projects the results of your savings and investments in preparation for retirement.

When we get to a certain age, we begin to think about the time we might consider a Retirement Home, what the options are and the preparation for this decision?

In general, the mindset of people tends to change at around the age of 50 to 55.