Retirement Income Planning
Scroll down for later posts during the month of March 2020. As everyone is aware, stock markets around the world have turned down of late caused primarily by fear from the coronavirus and what will be the effect to the economy and your portfolio. I know it’s stressful for investors, so I thought I would […]
Whether you are already retired or planning to retire in the next 10 years, the Variable Retirement Income (VRI) can help quantify how comfortable you are with your retirement income strategy. Over the past decades, companies are shifting their pension plans away from defined benefit (DB) pension plans to defined contribution (DC). Why? Companies no […]
The Safe Withdrawal Rate, SWR What I have noticed over the past decade is a common client question: “What is the Safe Withdrawal Rate” i.e. how much money can I safely withdraw from my portfolio during retirement such that I don’t run out of money in my lifetime? This article focuses on decumulation of your […]
I read and do a lot of research to stay up-to-date on topics that I think Canadians will find useful with regards to their financial planning situation. I include education on annuities for all my retiring and pre-retired clients and demonstrate how annuities can be used in their personal situation. Annuities are an investment product […]
How much capital do Canadians think they’ll need to retire? On January 13th, 2019 RBC published the results of their 2019 RBC Financial Independence in Retirement Poll. What was the National Average for Private Savings? The study found that the average Canadian felt they needed $787,000 in “private savings” to be able to retire. Private savings […]