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Jack Lumsden, MBA, CFP®, is a Financial Advisor with Assante Financial Management Ltd. focused on who are or will be making the transition from their working years to retirement.

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Nine Tax Strategies to Pay Less Tax in Retirement

Nine Tax Strategies to Pay Less Tax in Retirement

Income tax is one of the largest expenses any retiree has. The Fraser Institute Report indicated that Canadians paid 45% of income as taxes in 2019.

The Three Estate Buckets

The Three Estate Buckets

We review annually with clients how their estate will be distributed to their beneficiaries. We determine if there are any changes or ways to save on taxes.

Risks to Retirement Income Planning

Risks to Retirement Income Planning

Retirement Income Planning is a speciality in the world of financial advice. There are specific risks that are different from simply saving for retirement.

What do I do if I don’t want to be an executor?

What do I do if I don’t want to be an executor?

The question that arises occasionally from clients is: Can you turn down the role of an executor if you are named one?

What is the first step to create your Financial Road Map for retirement?

What is the first step to create your Financial Road Map for retirement?

As you need to know your starting point for any journey before you can create your Financial Road Map for retirement, you need to define your starting point.

The Four Pillars to a Successful and Happy Retirement

The Four Pillars to a Successful and Happy Retirement

When making the transition to retirement or work option years, there are four key pillars to a happy and successful retirement.

The Six Levers to Retirement Income Planning

The Six Levers to Retirement Income Planning

When transitioning from work to retirement there are six levers you can adjust to create a retirement income and cash flow plan.

10 Reasons to Consolidate your Investments and Financial Advisors

10 Reasons to Consolidate your Investments and Financial Advisors

When doing retirement income planning I am often asked about consolidating different types of investments you may have at different financial institutions.

Smart Tax Strategies for Retirees: The Four Types of Income in Retirement

Smart Tax Strategies for Retirees: The Four Types of Income in Retirement

Planning for taxes in retirement is like putting together a puzzle that is specific to each retiree. The type of income determines how it is taxed.

Should home and investments be jointly owned with children?

Should home and investments be jointly owned with children?

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?

Registered Education Savings Plans

Registered Education Savings Plans

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

Why the Legacy Conversation is Important

Why the Legacy Conversation is Important

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.

The Real Affect of Taxes and Inflation on Investment returns.

The Real Affect of Taxes and Inflation on Investment returns.

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

Should we take Advantage of our Unused RRSP contribution limits?

Should we take Advantage of our Unused RRSP contribution limits?

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

Rebalancing Your Portfolio

Rebalancing Your Portfolio

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

YOUR FREE RETIREMENT READINESS REVIEW

YOUR FREE RETIREMENT READINESS REVIEW

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.

The Four Essential Family Conversations

The Four Essential Family Conversations

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

You better have a Plan for a Retirement Home

You better have a Plan for a Retirement Home

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

What are the top 26 Estate Planning tips to consider?

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.

Key items to consider when reviewing your insurance needs

Key items to consider when reviewing your insurance needs

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.

What are the two main types of Risks when Investing?

What are the two main types of Risks when Investing?

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.

What are the Retirement Income Planning Options?

What are the Retirement Income Planning Options?

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

How much income do you need in Retirement?

How much income do you need in Retirement?

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?

Having a Plan for a Retirement Home

Having a Plan for a Retirement Home

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

Having the Eldercare Conversation

Having the Eldercare Conversation

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

What are the Risks to Retirement Income Planning?

What are the Risks to Retirement Income 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.

What are the tax and withdrawal strategies for Retirement Income?

What are the tax and withdrawal strategies for Retirement Income?

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.

Importance of Estate Planning

Importance of Estate Planning

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.

Preserving Wealth The Next Generation

Preserving Wealth The Next Generation

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.

3 Steps for Understanding Your Financial Situation

3 Steps for Understanding Your Financial Situation

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

4 Things to look for when hiring a Financial Advisor

4 Things to look for when hiring a Financial Advisor

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

Retirement Planning in your 50’s. Is it too late?

Retirement Planning in your 50’s. Is it too late?

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

Do I want to live in a Retirement Home?

Do I want to live in a Retirement Home?

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?

You Don’t Know Jack; If I had a Million Dollars

You Don’t Know Jack; If I had a Million Dollars

“If I had Million Dollars” was a song released by the Bare Naked Ladies in 1992 and it got me thinking about how that would affect families.

RRSP Maturity Options: What you need to Know.

RRSP Maturity Options: What you need to Know.

If you are turning 71 (born in 1950) by the end of 2021, you can no longer have an RRSP, and it must be converted to an income plan.

Medical and Health Care Options for Retirees

Medical and Health Care Options for Retirees

While working many Canadians have medical and health insurance as an employee benefit. Once you retire, typically the coverage will retire with you, unless...

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