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Sequence of Return Risk is a simple concept to understand, but it is not often talked about.    And it’s a serious risk in retirement that can be easily avoided. Simply speaking, the risk is the impact of a significant downturn in one’s retirement assets in the first...

While insurance professionals are always mentioning the need for coverage to protect one from a premature death, they are rarely building in solutions to cover the risk of living too long – longevity risk.   Source:  World Bank The average life expectancy for a...

You can't predict the future.    In a world where it is cheaper to buy a new phone than replace the battery you are better off to create a better built plan that achieves maximum wealth than trying to account for your future needs. Obsolescense is a real problem that...

Inflation is one of the biggest problems facing Canadians in retirement. And even the reported Consumer Price Index (CPI) is likely significantly underestimating the cost of goods. Items such as housing, medication, hydro, petro have been increasing significantly more...

The common financial belief is that you will be in a lower tax bracket in retirement and therefore saving within an RSP structure makes the most sense.   I however believe that in many, actually most, situations this will not be the case at all. Firstly, why on earth...

If you are not familiar with the term “Safe Withdrawal Rate” you should be. Its the key factor to guide you in determining how much money you can withdrawal from your savings each year once you reach retirement. Nobody wants to run out of money. So using this...