Roughly 40% of retirees did not choose when they stopped working
Daryl Diamond, retirement income planner, Diamond Retirement Ltd., explains that retirement income planning — managing income streams during de-accumulation in a proper and tax-efficient way for clients — brings a huge added value to the client relationship. He gives tips on how to add income management strategies to asset management. Diamond spoke at the 2013 Independent Financial Brokers Fall Summit in Toronto.
With Canadians living longer, policymakers should consider changes to retirement rules
Advisors need to have a serious talk with clients about their preferred living arrangements in retirement
Most wealthy investors do not feel old until they are 80: survey
The most popular approach is to measure retirement plans based on preservation of principal after distributions
One in five Canadians expect to never retire, study shows
New product helps support clients through the key stages of retirement preparation: savings, preservation and income
Examine cash flow and encourage RRSP contributions
Advisors should review every income option for clients to make sure they retire at the best time