Jack Lumsden, MBA, CFP®, Financial Advisor

When making the transition from your working years to retirement, a common concern or question that comes up is, “How do I pay my taxes in retirement?”

When retirement planning, you may want to view your spending in three different phases.

In meeting with clients a common question we hear is,” Can we give money to our children to help with a home purchase?”

As everyone begins to assemble their tax documents to complete their 2021 income tax returns, there are some tax credits you will not want to overlook.

At retirement business owners may end up with investment assets within their CCCP, and this can be used for their retirement income.

Have you received a large amount of money and wondered how to invest for when you need it most?

Investing within your CCPC offers the potential to defer the taxation versus simply paying out the income to yourself and then investing the after-tax capital.

If you had a life-changing accident or were diagnosed with a critical illness tomorrow, would you and your family be able to cope?

When estate planning, most retirees wish to review strategies to avoid probate fees, which in Ontario are 1.5% of the assets value distributed via a will.

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.

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.

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

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

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.

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

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

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

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.

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?

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.