Why Living Off Your Portfolio’s Interest in Retirement is Dangerous

What if you could live off your portfolio’s interest without spending any of your principal? Wouldn’t that be something to know that your original capital is still there every time you look at your portfolio? With interest rates higher than they’ve been in years, this seems more possible than ever. However, this can be a…

Retiring Soon, Consider these 3 things

Retiring Soon? 3 Things to Consider

Drawing from countless conversations with retirees, if you’re retiring soon, I think you should consider these three core components.   Clarity on Your Retirement Goals and Expenses The foundation of a successful retirement lies in having a clear vision of your retirement goals and expenses. Whether you’re a budget enthusiast or not, outlining your expected…

Managing Your Tax Brackets in Retirement

Managing Your Tax Brackets in Retirement

https://youtu.be/hZniNa0reho In the quest to effectively draw down your retirement portfolio, there’s one critical mistake you can’t afford to make—not managing your tax brackets in retirement. As we’ve explored in previous discussions, there’s no universal approach to withdrawing from your retirement savings. Your unique circumstances demand a tailored strategy. Let’s dig into the crucial concept…

Tax-Efficient Retirement Withdrawal Strategies

Tax-Efficient Retirement Withdrawal Strategies

Do you find yourself burdened by high taxes during retirement? Focusing on tax-efficient retirement withdrawal strategies could save you thousands, if not hundreds of thousands of dollars in taxes throughout your retirement.   The Retirement Tax Challenge Retirement success hinges on three critical factors: your savings, the accounts you invest in, and the performance of…

Beware of Buying Investments before the end of the year

Beware Of Buying Investments Before End Of The Year

It’s the beginning of December, and Bob has purchased a rental property from his brother. Imagine how unfair it would be if Bob had to pay tax on his brother’s rental income for the entire year. Fortunately for Bob, that’s not the case, but this can happen when you purchase an investment in a non-registered account. Today, we’ll look at the dangers…

Should You Be Using More Than One Financial Advisor?

Should You Be Using More Than One Financial Advisor?

Instances of clients using multiple advisors rose after Bernie Madoff’s Ponzi scheme was revealed during the 2008 financial crisis. However, in good or bad times, multiple advisors can lead to higher fees and lost efficiencies. Ponzi Scheme Protection Nobody wants to be the victim of a Ponzi scheme, so using multiple advisors sounds appealing as…

Retirement Plan Leads to $900,000 in Savings

Retirement Plan Leads to $900,000 in Savings

Here is a real-life example of how two tweaks to a couple’s retirement plan, saved them over $900,000. For this video, we start by going over Donna and Steve’s (names have changed for confidentiality reasons) background and going over a few assumptions that need to be made. Follow along as we find out what their…

Managing Your Portfolio in Retirement

Managing Your Portfolio in Retirement

  Managing Your Portfolio in Retirement The financial industry tends to make things more complex than they need to be. As a result, topics like this usually go in one ear and out the other. My aim with this webinar is to simplify this topic by providing an explanations (in simple English). This webinar will cover topics to be aware of as you approach or are…

Retirement What You Need to Know

Retirement: What You Need to Know

    You’ve worked hard for decades, and now that you are approaching or entering retirement, you could find yourself exposed to significant taxes without the proper strategies in place. Keep more of what you’ve built and enjoy the retirement you deserve.   This complimentary video will cover the following topics: Am I on track…

How Commuting Your Pension Allows You To Manipulate Your Income

How Commuting Your Pension Allows You To Manipulate Your Income

Deciding between commuting your pension or opting for the monthly income stream is a big retirement decision that contains several complexities. In this brief 3-minute video I provide clarity on the benefits of taking the commuted value compared to the monthly income stream. If you’d like to discuss your personal situation and explore your financial…

How to Properly Manage a Retirement Portfolio

How to properly manage a retirement portfolio

  Are you tired of turning on the nightly news and worrying about how the day’s events are affecting your retirement portfolio? Are you worried about the day-to-day fluctuations of the stock market? This week we take a look at how to properly manage your retirement portfolio with the Bucketing Strategy so that you can…

What happens to pension

What happens when you withdraw your pension?

    Today we’ll be going over what happens when choosing the lump sum payout option from your defined benefit pension plan. As you’re likely aware, a defined benefit pension plan will pay you a monthly income for life, so why choose the lump sum payout option instead? A few common reasons include: Pension Sustainability:…