Tag Archives: tax-effective retirement income planning

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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This is continued from our previous blog post on June 19th. Additional Investment Considerations for Your Withdrawal Portfolio There are a number of strategies and considerations that will be beneficial to you in obtaining the maximum benefit from your income-producing … Continue reading

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One change that occurs when you start drawing your retirement income is how tax is paid on the income. During your working years, tax is deducted by your employer and remitted on your behalf. You are left with your net … Continue reading

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Understanding the difference between a tax deduction and a tax credit will enable you and your advisor to apply strategies and employ financial tools to help you reduce the tax you pay on your retirement income. Tax deductions are subtracted … 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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We learned with the last blog that the best idea is to consolidate all of yours and your partner’s assets under one advisor. Making best use of your income goes hand in hand with making the best use of your … Continue reading

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I refer to “consolidation” as the coordination of all your planning activities with one person or institution. Asset building happens in several different places with many different advisors. However, when the time comes to withdraw retirement income from those assets, … Continue reading

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As in Part I, the retirement income specialist is the architect of your personal retirement income blueprint. Now, who is your contractor? This is the person who oversees the investments that create income from your assets. It should be the … Continue reading

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You need both an architect to create your plan and a contractor to implement it. Who is the architect? Your advisor. When speaking about retirement, a LIMRA report stated, “people need advice from a knowledgeable professional more at this point … Continue reading

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