Retirement Planning

What happens to your money in retirement

“In the world of financial planning there is no shortage of things that are the source of confusion and concern. One of the things on that list is what happens to your money in retirement. Clawbacks, eligibility for benefits, taxes; there are all sorts of questions.” Smart Money_ What happens to your money in retirement…

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Do you have enough to retire?

“A recent study by Aon found that the average Canadian needs to accumulate 10.9 times their final pay to maintain their income in retirement. In other words, if you are making $100,000 when you retire, you are going to need $1,090,000 in savings going into retirement or you risk running out of money in your lifetime….

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Preparing for good health and success

“How are your finances positioned to sustain a multi-decade retirement? With medical advances plus better nutrition and health habits, there is a well-documented upward trend in longevity. It’s one thing to live a long time, its another to make sure that your money lasts as long as you do.” Smart Money_ Preparing for good health…

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Retirement not just about money

“For many people, retirement is going to last for a long time. A long retirement is great, but that is assuming you are healthy and happy. Connectivity will do wonders for your happiness, and exercise will do miracles for your health. And if you want some motivation, consider how dreary a lengthy retirement would be…

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Using the right tool for the job

“Sometimes people say to me, “I hate RRSPs.” Honestly, that statement does not make a lot of sense. A Registered Retirement Savings Plan is just a tool to get a job done. It would be like someone saying, “I hate hammers,” or “I hate needle nose pliers.” Usually when people tell me that they hate…

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Also posted in All Columns, Income Tax Planning |

Millennials, time to start thinking about your future

“How many Baby Boomers would you expect were thinking of retirement way back in the 1960s and 1970s? But now their time is here. How many Gen-Xers were thinking about life after work in the 1980s and 1990s? But now their time is quickly approaching. The point is, the calendar shows no mercy. You are…

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Guaranteed Income For Life

Guaranteed income for life, regardless of longevity or market conditions. Brad Brain_ Guaranteed income for life _ Alaska Highway News

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Life in 1985

Many years ago, a friend won a bursary when we graduated from high school. Recently she came across the newspaper that contained the bursary announcements. With a bit of nostalgia, she shared the newspaper page on Facebook. Our classmates chimed in with, “Wow, has it really been that long?”, and “I remember that!”, and “Those…

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The Great Goals in Life

Financial Planning is a process that can have a magnificent, meaningful impact on your quality of life.  Some people equate financial planning with getting an adequate rate of return on your RRSP.  That’s fine as far as it goes, but it’s and inadequate definition of financial planning. Financial Planning is a six step process that…

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Also posted in All Columns, Money Management |

The Secret to Financial Success

There is one thing that is of primary importance on the road to financial success. It’s not your income, or Registered Retirement Savings Plans, or home ownership, or negotiating a better interest rate from your bank. The most important thing that determines whether a person will be financially successful is controlling your cash flow.     What…

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