Your Retirement Income Blueprint A Six-Step Plan to Design and Build a Secure Retirement

Author: Daryl Diamond
Publisher: John Wiley & Sons
ISBN: 9781118087527
Published In: April 2011
Format: Paperback , 256 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents
Author

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As more and more Canadian boomers are approaching retirement, the transition from accumulating assets in their working years to creating a reliable stream of income in retirement is becoming a top-priority issue for a huge segment of the population. Your Retirement Income Blueprint is an antidote for Canadians who are generally ineptly advised, under-serviced, and over-charged by advisors on planning retirement income. Based on the author's specialized experience in retirement income planning, this book will help readers to work through the many stages of their retirement and adapt their income plans to account for constantly changing health and family issues. The book will help you to:

Combine government and personal sources of income most efficiently
Determine which assets to use first and which to defer
Preserve government benefits and entitlements that are in many cases needlessly wasted or lost
Create results that are more survivor- and estate-friendly than traditional approaches
Greatly reduce taxes on retirement income and to the aggregate estate.

Your Retirement Income Blueprint lays out a six-step process for "taking apart" accumulated assets, making the most out of what you have taken a lifetime to save, and creating an income that lasts as long as you do.

Preface: The Evolution of a Book and of a Demographic ix

Introduction 1

PART ONE: Considerations in Creating Your Blueprint

Chapter 1: Talking ’Bout My Generation 7

Chapter 2: Key Concepts for an Efficient Blueprint 17

PART TWO: Building Your Income Plan with the Six-Step Plan

Chapter 3: Laying the Foundation for Your Income Plan 31

Chapter 4: Putting Your Money to Work 57

PART THREE: The Building Materials

Chapter 5: Government Sources of Income 91

Chapter 6: Corporate Sources of Income 105

Chapter 7: Personal Sources of Income 131

PART FOUR: Essential Tax Considerations

Chapter 8: It’s Floodin’ Down in Taxes 151

Chapter 9: Tax Planning 163

PART FIVE: Special Tools and Strategies

Chapter 10: With a Little Help from My Friends 177

Chapter 11: Insuring Your Building 201

PART SIX: Concluding Thoughts

Chapter 12: Making This Book Work for You 221

Appendix: Life Income Fund (LIF) Comparison by Province 226

Acknowledgements 231

Index 233

Daryl Diamond is a recognized leader in the financial services industry. His practice, Diamond Retirement Planning Ltd., focuses on advising pre-retirement and retirement clients on the income structures, investment strategies, and estate conservation issues that are unique to those groups. He is active in educating advisors and their clients on retirement planning. He runs seminar programs and has designed training programs for three large Canadian financial institutions-Standard Life, Dynamic Mutual Funds, and the Royal Bank-to educate advisors on retirement income planning.