Tag Archives: your retirement income blueprint

Have you ever been driving to a destination and found yourself wondering if you had enough fuel to complete the trip? It is a very unsettling and stressful feeling and does not make for an enjoyable journey, for either the driver or … 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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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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This “Cash Wedge” is what Daryl Diamond calls the income delivery process he developed in 1993 and has been a success ever since. The Process This withdrawal model incorporates a number of income and investment concepts within it, some of … Continue reading

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In addition to having a life annuity as a form of pension income, one can also use a Life Income Fund (LIF). A LIF acts differently than a life annuity because a LIF treats your income as “commuting” its value. … 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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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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