VIDEO
Retirement Income Planning
Clay Gillespie
Managing Director, Financial Advisor & Portfolio Manager
BBA CFP CIM CLU FCSI TEP RRC
I have been helping Canadians retire for over 28 years. The main difference between you and me is that you retire once and I help people retire every day. I have seen the good and the bad both emotionally and financially about retirement. I want to take this experience and help you retire comfortably and let you know how much income you can generate every year in retirement.
Clay Gillespie
Managing Director, Financial Advisor & Portfolio Manager
BBA CFP CIM CLU FCSI TEP RRC
I have been helping Canadians retire for over 28 years. The main difference between you and me is that you retire once and I help people retire every day. I have seen the good and the bad both emotionally and financially about retirement. I want to take this experience and help you retire comfortably and let you know how much income you can generate every year in retirement.
Clay Gillespie
Managing Director, Financial Advisor & Portfolio Manager
BBA CFP CIM CLU FCSI TEP RRC
I have been helping Canadians retire for over 28 years. The main difference between you and me is that you retire once and I help people retire every day. I have seen the good and the bad both emotionally and financially about retirement. I want to take this experience and help you retire comfortably and let you know how much income you can generate every year in retirement.
I grew up in South Surrey. I am married (Joanne) with two children (Sarah and Meagan). I have my undergraduate degree from Simon Fraser University. I am a big believer in education and sponsor scholarships at both UBC and SFU.
I have also written a book called "Create the Retirement You Really Want" The more we know the better decisions we make.
Industry Associations
ACPM - The Association of Canadian Pension Management
Advocis - The Financial Advisors Association of Canada
CALU - Conference for Advanced Life Underwriting
CIFPs - The Canadian Institute of Financial Planners
CPBI - Canadian Pension and Benefits Institute
FPA - Financial Planning Association
FP Canada
IAFE – Institute for Advanced Financial Education
Advocis - The Financial Advisors Association of Canada
CALU - Conference for Advanced Life Underwriting
CIFPs - The Canadian Institute of Financial Planners
CPBI - Canadian Pension and Benefits Institute
FPA - Financial Planning Association
FP Canada
IAFE – Institute for Advanced Financial Education
STEP - The Society of Trust and Estate Practitioners
BBA (Finance) - Simon Fraser University
CIM® (Chartered Investment Manager)
CFP (Certified Financial Planner)
CLU (Chartered Life Underwriter)
FCSI (Fellow of Canadian Securities Institute)
CEPA (Certified Exit Planner)
RRC (Registered Retirement Consultant)
EPC (Elder Planning Counselor)
TEP (Trust and Estate Practitioner)
Clay is a registered representative with IIROC in BC, AB and ON. He is a licensed insurance agent in BC, AB and ON.
OUR TEAM
TAKE AWAYS
Advisor Insights
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Income in Retirement
By Clay Gillespie on 01 Jan 2019
When it comes to retirement income planning, there is no perfect strategy or simple solution. Every individual’s situation is different and, as such, everyone will have a different strategy on how best to generate their required income in retirement.
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Horizons Retirement Report
By Clay Gillespie on 01 Jan 2016
Thank you for reviewing the RGF Integrated Wealth Management Horizons Retirement Report. As with past reports, this edition summarizes the dreams, fears, hopes and challenges of Canadians planning to retire within the next three to seven years.
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Government Benefits
By Clay Gillespie on 16 Dec 2021
There are two main types of government pensions that most Canadians can expect to receive during their retirement years: Old Age Security (OAS) and the Canada Pension Plan (CPP).
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The Ins and Outs of Estate Planning
By Clay Gillespie on 23 Apr 2020
Estate planning is the process of arranging one’s affairs while minimizing administrative burdens, costs, and income tax upon death.
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A Message Regarding COVID-19
By Clay Gillespie on 17 Mar 2020
Due to the recent COVID- 19 situation, we are taking every precaution to ensure we are following the guidance of the BC Ministry of Health to protect the health of our clients and employees.
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What are the major risks when planning your retirement?
By Clay Gillespie on 14 Aug 2019
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Spending Patterns in Retirement
By Clay Gillespie on 18 Jul 2018
There are three stages to retirement – the first stage is called the ‘Go-Go’ stage, the second the ‘Slow-Go’ stage and the third is the ‘No-Go’ stage.
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What does Life Expectancy Actually Mean?
By Clay Gillespie on 27 Apr 2018
Life expectancy is one of the most misunderstood aspects of retirement income planning - yet, it is one of the most important factors.
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Is a TFSA better than an RRSP?
By Clay Gillespie on 16 Feb 2018
Before we attempt to give our insights on this argument, let us do some math to set the stage for the discussion.
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Estate Planning Is Not Just For the Rich
By Clay Gillespie on 07 Feb 2018
What does estate planning actually mean? Estate planning is just making sure that your assets pass to the next generation in the most efficient and tax-effective manner possible.
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What are OAS and CPP worth?
By Clay Gillespie on 01 Feb 2018
Both OAS (Old Age Security) and CPP (Canadian Pension Plan) are government income entitlements that are meant to provide Canadians a guaranteed inflation-indexed pension for as long as they live.
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From Dreams to Legacy: New book Details the 5 Stages of Retirement
By Jonathan Chevreau on 19 Jan 2018
While some may regard retirement as a key moment in their financial journey, it's not an event but a process, says veteran financial advisor Clay Gillespie in a new book.
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Chapters 1 and 2
By Clay Gillespie on 19 Jan 2018
I wrote this book for one simple reason: to help Canadians retire smarter, richer and happier. Over the years, I’ve had the pleasure of meeting many hard-working people from all walks of life, and far too many of them wonder if they can ever afford to retire.
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Chapter 3
By Clay Gillespie on 19 Jan 2018
Can I afford to retire? It was a beautiful May morning when I next saw Rachel and Mike. Rachel was carrying a large gift-wrapped box. “This is for you,” she said, smiling and handing the box to me. “Thank you,” I said, pleasantly surprised.
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2016 Horizons Report
By Clay Gillespie on 01 Jul 2016
We are pleased to present the results of the 2016 Horizons Retirement Report. This report summarizes the dreams, fears, hopes and challenges of Canadians planning to retire within the next 3 to 7 years.
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The blindingly simple tweak your retirement investments need to survive pandemics – and all other disasters
Provided some thought was put into it, the same mix of stocks and bonds you had before COVID-19 still makes sense.
Few Canadians are destined to hit their Retirement Income Sweet Spot
Just as astronomical telescopes allow us to glimpse the distant past, a "demographic telescope" allows us to peek into the distant future.
Worried about your Pension?
Why a copycat annuity might be right for you
Your retirement
Are you Ready to Retire?
In this section, we want to give you some information to help you understand retirement. The more you know, the less daunting it will be. Some of the articles posted will be written by us and others are articles that I found of value.
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From Dreams to Legacy: New book Details the 5 Stages of Retirement
By Jonathan Chevreau on 19 Jan 2018
While some may regard retirement as a key moment in their financial journey, it's not an event but a process, says veteran financial advisor Clay Gillespie in a new book.
-
Chapters 1 and 2
By Clay Gillespie on 19 Jan 2018
I wrote this book for one simple reason: to help Canadians retire smarter, richer and happier. Over the years, I’ve had the pleasure of meeting many hard-working people from all walks of life, and far too many of them wonder if they can ever afford to retire.
-
Chapter 3
By Clay Gillespie on 19 Jan 2018
Can I afford to retire? It was a beautiful May morning when I next saw Rachel and Mike. Rachel was carrying a large gift-wrapped box. “This is for you,” she said, smiling and handing the box to me. “Thank you,” I said, pleasantly surprised.
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Solving the Retirement Income Puzzle
By Anne Hammond on 07 Jan 2022
“Retirement” – the word represents many things these days. It could be a lifestyle full of travel and adventures, or perhaps a transition to volunteer work...
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Pension Considerations – One of the Biggest Decisions of Your Life
By Teresa Black Hughes on 07 Jan 2022
Called the Great Resignation, since the pandemic, employees are leaving the workplace/workforce or switching jobs in droves.
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Today’s Executor is a Digital Executor
By Sharon Hartung on 23 Jul 2021
On May 13, 2021, I was delighted to join RGF advisors and clients for their second virtual event where I discussed the ideas covered in my first book, Your Digital Undertaker– Exploring Death in the Digital Age in Canada.
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Planning for Retirement... Mentally
By Debbie Saleem on 29 Apr 2021
You’ve met with your advisor and are delighted to find out that you’re financially on track to retire within the new few years.
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Retirement on Your Horizon? Considerations of the Pandemic ’s Ripple Effects
By Isabelle St-Jean on 21 Oct 2020
While leading retirement seminars for pre-retiring professionals over the past 10 years, I have observed diverse levels of readiness, attitude, and concern toward this major work/life transition.
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What is a Financial Plan?
By Anne Hammond on 20 Jan 2020
What does it mean to create a financial plan? And why is it important to do so?
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Making an Election for your Defined Benefit (DB) Pension
By Nick Hearne on 24 Oct 2019
Employers guarantee a specific retirement benefit for each employee who participates in their defined benefit pension plan.
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What are the major risks when planning your retirement?
By Clay Gillespie on 14 Aug 2019
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Retirement Reflections
By Mark Neufeld on 05 Apr 2019
I’ve had the privilege and honor to work with many clients transitioning to retirement over my nearly 20-year career in financial services.
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Income in Retirement
By Clay Gillespie on 01 Jan 2019
When it comes to retirement income planning, there is no perfect strategy or simple solution. Every individual’s situation is different and, as such, everyone will have a different strategy on how best to generate their required income in retirement.
-
Do You Have a Will?
By John Hale on 21 Oct 2018
Is that will of yours looking a little worn and tattered or perhaps you don’t have a will at all?If the answer is yes, you are not alone.
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Making the Best Use of Your Home Equity in Retirement
By Rick Orford on 20 Oct 2018
In the past 10+ years, Vancouver homeowners have enjoyed significant increases in property values. In some cases, property values have increased 2x and 3x
Resources
Retirement
-
Income in Retirement
By Clay Gillespie on 01 Jan 2019
When it comes to retirement income planning, there is no perfect strategy or simple solution. Every individual’s situation is different and, as such, everyone will have a different strategy on how best to generate their required income in retirement.
-
Spending Patterns in Retirement
By Clay Gillespie on 18 Jul 2018
There are three stages to retirement – the first stage is called the ‘Go-Go’ stage, the second the ‘Slow-Go’ stage and the third is the ‘No-Go’ stage.
-
Is a TFSA better than an RRSP?
By Clay Gillespie on 16 Feb 2018
Before we attempt to give our insights on this argument, let us do some math to set the stage for the discussion.
-
Estate Planning Is Not Just For the Rich
By Clay Gillespie on 07 Feb 2018
What does estate planning actually mean? Estate planning is just making sure that your assets pass to the next generation in the most efficient and tax-effective manner possible.
-
What are OAS and CPP worth?
By Clay Gillespie on 01 Feb 2018
Both OAS (Old Age Security) and CPP (Canadian Pension Plan) are government income entitlements that are meant to provide Canadians a guaranteed inflation-indexed pension for as long as they live.
-
From Dreams to Legacy: New book Details the 5 Stages of Retirement
By Jonathan Chevreau on 19 Jan 2018
While some may regard retirement as a key moment in their financial journey, it's not an event but a process, says veteran financial advisor Clay Gillespie in a new book.
-
Chapters 1 and 2
By Clay Gillespie on 19 Jan 2018
I wrote this book for one simple reason: to help Canadians retire smarter, richer and happier. Over the years, I’ve had the pleasure of meeting many hard-working people from all walks of life, and far too many of them wonder if they can ever afford to retire.
-
Chapter 3
By Clay Gillespie on 19 Jan 2018
Can I afford to retire? It was a beautiful May morning when I next saw Rachel and Mike. Rachel was carrying a large gift-wrapped box. “This is for you,” she said, smiling and handing the box to me. “Thank you,” I said, pleasantly surprised.
-
Horizons Retirement Report
By Clay Gillespie on 01 Jan 2016
Thank you for reviewing the RGF Integrated Wealth Management Horizons Retirement Report. As with past reports, this edition summarizes the dreams, fears, hopes and challenges of Canadians planning to retire within the next three to seven years.
RESOURCES
Additional Services
LegalShield
LegalShield is a prepaid legal services expense plan which provides affordable, accessible legal support to its members. Members pay a monthly fee for legal services plans, with options for Individuals, Families and/or Small Businesses. Plans include advice, consultation, representation & document preparation. Details of the legal services provided, and limitations, are outlined in the terms of the online contracts. An optional additional service includes Identity Theft Protection.
LegalShield utilizes a network of provider law firms to offer legal services to their members and covered family members.
Disclosure:
1) LegalShield is a third party provider, with a referral relationship
with RGF Integrated Wealth Management Ltd. (RGFI).
2) RGFI is paid a
referral commission by LegalShield for all clients referred by RGFI and its
associates.
3) Neither RGFI or its associates directly or indirectly
provide legal services, representation or advice. You will indemnify and hold us
harmless from any and all losses, liabilities, costs and expenses resulting from
your relationship with Legal Shield.
By clicking I Accept, you are acknowledging that you understand and agree
to the above terms regarding RGFI's relationship with LegalShield, and will be
taken to the LegalShield sign-up portal where you can view details of
LegalShield plans.
Insurance
For supplementary
insurance needs in the areas of extended health & dental and travel, we are
pleased to offer two convenient, easy-to-use, web-based plans.
If you are not
already covered by a group health plan or wish additional coverage, the
Manulife Flexcare®/Follow Me TM health plans may be of interest
to you.
Out-of-province
medical care can place a significant burden on your financial resources. One of
the Manulife’s Travel Insurance plans may be appropriate for you if you are
travelling for pleasure or on business.
Click here for your travel insurance needs and click here for your health/dental insurance needs. You
will be directed to Manulife’s website where you can:
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Please call 1-800-565-2338 to speak with Manulife experts, should you have any questions about the plans or your application.
RESOURCES
Mortgages & Debt Management
Mortgage and debt management is an important element of your financial plan.
We work with Homewise to make your mortgage process simpler.
Homewise represents 30 bank and lending partners. It was started to provide Canadians with a better mortgage process. Their team is made up of finance, technology, and consumer experience experts, who have worked in the mortgage industry for many years. Their simple online mortgage process uses human language, helpful content, and access to professionals at every step.
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