Planning for how much income you need in retirement is one of the most difficult things to do. It’s difficult, because we have to make some goals, predictions and assumptions about the future. The further you are from retirement, the more difficult this process is because changes occur so quickly and frequently in our lives.… Continue Reading
Category Archives: Retirement Income
What is your retirement sweet spot?
The retirement sweet spot is a term I use to describe the optimal tax efficient income in retirement. The sweet spot is based on your retirement price tag or how much your annual lifestyle will cost you when you retire? If your price tag is too high, then it is difficult to create optimal tax… Continue Reading
Is an Annuity Right for You?
The goal of retirement planning is to create a stable income that can provide for your needs (and wants) when you decide that you no longer want to work in a more traditional job. It’s tricky, though, find the right investments to provide that income stream. If you have a nest egg, you have to… Continue Reading
RRIFs vs Annuities.
I read an article in our local paper this morning. A survey was recently done and it indicated that there were many retirees that felt that one of their biggest concerns was making their money last their lifetime. One of the major impacts on retirement has been the fact that we are living much longer now… Continue Reading
Are you concerned about your retirement shortfall?
Are you part of the Boomer generation aged 50 to 59? If so how is retirement looking for you? Remember in the 1980′s and early 1990′s the media was full of articles about our future work world; short work weeks with many working from home and everyone would retire early! Do you sometimes wonder what… Continue Reading
How to Convert Your RRSP to Income
Registered Retirement Savings Plans represent one of the most significant retirement planning tools for Canadians. There are a number of ways to put your RRSP money to work during retirement, but they all boil down to a simple concept. The money you accumulated during your years of saving and investing is converted to a vehicle… Continue Reading