Majority of affluent Canadians expect stocks to generate the most solid returns over the next five years
Some may not fully understand the importance of planning
You can help clients take basic retirement planning steps
Authors challenge the use of historical rates of returns to forecast future returns
Many do not take advantage of easy strategies to manage debt
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