"The question isn’t at what age I want to retire, it’s at what income.”

- George Foreman, two-time world heavyweight boxing champion and an Olympic gold medalist

That’s a great quote by George. It sums up in one short sentence what a well done retirement income plan delivers. Which is, what will your income be in retirement? What is the ideal sustainable withdrawal rate for you and your specific circumstances during retirement, such that you won’t run out of money before you run out of time on this earth. We work closely with our clients to help them understand how long their money will last, and to help them make sure their money lasts as long as possible.

In retirement you will have various sources of income, nearly all of which will be subject to tax. You will also have various investment accounts, some tax sheltered and some tax free. Which accounts to draw down from and in what order is a fundamental part of the advice we provide to our clients. Tax planning both before and in retirement is very important, as it will ideally help extend your money’s longevity beyond your own lifespan.

Your money will last longer if you put in place a well thought out tax minimization strategy.

Let’s talk about it.