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.
In meeting with clients a common question we hear is,” Can we give money to our children to help with a home purchase?”
At retirement business owners may end up with investment assets within their CCCP, and this can be used for their retirement income.
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.
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 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?
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?
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.
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.