Tag Archives: Daryl Diamond

Are excess savings in RRSPs going to create a problem for you in the future? In our practice, we quite typically see retirees in receipt of pension incomes, CPP, OAS, — often doubled up in a household — whose core … Continue reading

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Why didn’t this retirement thing seem so tough for Mom and Dad? Was there something that they should have told us that they didn’t? We Baby Boomers are supposed to be the advanced generation with new ideas and the ones … Continue reading

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Everyday, we hear comments from frustrated consumers who are looking for an advisor who is proficient in the area of retirement income planning.  Remember – and this is critical – I am not referring here to ‘retirement planning’, which many … Continue reading

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There are a number of ways that the equity you build in your principal residence can serve to either create an income stream or provide access to an amount of capital. In either option, the receipts are free from taxation. You are … Continue reading

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When you are going through your working years, your employment income is really your main source of cash flow. When you are retired, you may have 6-8 different sources of income. So which ones should you use first? How do … Continue reading

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Today’s post, we are going to look at RRSPs as the next layer in building the cash flow you need. Granted, the payments from RRSP/RRIF plans are fully taxable, but you do have a greater degree of access to these … Continue reading

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There are a number of strategies and considerations that will be beneficial to you in obtaining the maximum benefit from your income-producing assets. Some have been addressed in previous posts such as: consolidate assets consider income streams as well as … Continue reading

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Our last post discussed the protecting your income-producing assets while considering certain risks. This post will discuss the other 3 risks being: Inflation risk, Health-cost risk, and Withdrawal risk. Inflation Risk Assets need to be invested in such a manner … Continue reading

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Up until the early 1990s, the life annuity was the most common and to an extent, the only option for commencing income from a pension plan or locked-in asset. A life annuity is a stream of future payments composed of … Continue reading

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It’s that time of year again: tax season. It’s important to understand the definitions used in government documents so you understand the flow of taxation in arriving at net and taxable income. Taxable income for example, is the figure used … Continue reading

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