Funding your retirement income from your business depends on a number of factors, so it takes a systematic approach to make it work. I will cover some of the main points to consider to have a reliable retirement income. The first question to answer is what is going to happen to your business in…
1. Start now! Saving is hard, but there is no better way to save than in an account you will never pay tax on – now or later. You wont have to pay tax on interest, dividends nor capital gains. You can contribute $5,500 per year, and your contribution room has been growing. 2….
Hi It’s Myles from Business to Wealth. I will be discussing many topics here, but the main one is – How do I get my Business to Support Me – Instead of Me Supporting It? It is possible, and we will discuss the steps it takes to transition your business to support your lifestyle. I…
I have been reviewing the financial news, speaking to investment manager and economists, and reviewing the performance of the funds I represent to make sure they are delivering the type of performance expected of them. Here is how I see things shaping up, and strategies that need to be used for 2017. Economic Forecast As…
The idea of starting a business in retirement may be novel to some, but is gaining more popularity, and the average age of business owners starting a new business has been increasing because of retired people getting into the game. The main reason to look at starting a business in retirement may be the extra…
How Much do I Need to Save for Retirement? This is a Retirement Planning video that goes along with my complete article on Retirement Planing and How Much to Save for Retirement at https://businesstowealth.ca/retirement-plans-how-much-to-save-for-retirement/. Business to Wealth is my blog to help Business Owners turn their enterprise into the lifestyle they are…
This article will look at your retirement plans in order to answer the question, how much to save for retirement? There are several different ways to calculate this number, and of course the value will vary from person to person depending on their circumstances. But, to give you a ballpark number, for most retirees if…
So you’ve finally done it. Congratulations! After years of hard work, and the proverbial blood, sweat, and tears, you’ve made it to retirement. The only problem is, after decades of getting up dutifully and going to work, you all of a sudden have no frame of reference for how to spend your days. From a…