David Phipps -- BSc, MA, CFP, CIM, TEP
Senior Financial AdvisorWell-Advised Newsletter
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How to keep your TFSA aligned with your goals
April 01, 2019 • Estate Planning, Financial Planning, Retirement Planning, Tax Planning
Are you using your Tax-Free Savings Account (TFSA) to its best advantage? Find out about five objectives a TFSA can achieve, and why you might change your TFSA investments over time.
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Retiring gradually
April 01, 2019 • Retirement Planning
So many people are working past 65 that unretirement is often called the new normal. We’ve got a summary of the financial planning matters to consider when earning income in traditional retirement years.
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Are RRSPs still the best choice?
December 14, 2018 • Investment Planning, Retirement Planning
In retirement, there’s a tax-saving strategy called “topping up to bracket.” It’s used when funds in a Some investors wonder if they’ll come out ahead investing in a non-registered account instead of a Registered Retirement Savings Plan (RRSP). But thanks to the significant tax deduction and tax-deferred growth, RRSPs win out.
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The smart way to view an expected inheritance
October 12, 2018 • Financial Planning, Retirement Planning
It’s tempting to count on an expected inheritance as money in the bank – but it doesn’t always work out so perfectly. Anyone’s parent or parents could encounter situations or challenges that jeopardize the legacy they wish to leave to their children.
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Plan now to minimize OAS clawback later
October 12, 2018 • Lifestyle, Retirement Planning
To minimize OAS clawback, you need to reduce net income. During retirement, an effective strategy is splitting pension income. But several strategies, including the following, can be initiated before retirement arrives.
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Should you and your spouse retire at the same time?
March 25, 2018 • Retirement Planning
There are pros and cons to synchronizing your retirement start date with your spouse versus taking a staggered approach. Understanding the factors to consider will help you reach a decision that works for both of you. Read more…
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When retirement is on the horizon
December 25, 2017 • Retirement Planning
Visions of retirement are quite different from person to person, but the financial planning to get there is similar for everyone. Here are five essential items on your pre-retirement to-do list. 1. Set the date Setting the date is the fun part — it gives you a specific day to look forward to! Even [...] Read more…
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Should you split your CPP/QPP pension?
December 25, 2017 • Retirement Planning
Canada’s tax laws allow you to split your Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) benefits with your spouse, a strategy that’s well worth considering if one of you is in a substantially higher tax bracket than the other. “Pension sharing” moves pension income from the spouse in the higher tax bracket to [...] Read more…
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Married or single? It makes a difference in retirement
June 24, 2017 • Retirement Planning
Couples and individuals living on their own face different financial planning challenges — and opportunities — especially where retirement planning is concerned. Read more…
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The million-dollar question: How much do I need to retire?
December 25, 2016 • Retirement Planning
Determining how much money you need to retire involves more than math. And while calculators and guidelines abound on the internet, there are really only four key elements to consider. Read more…
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