VIDEO
Retirement Income Planning
Clay Gillespie
Managing Director, Financial Advisor & Portfolio Manager
BBA CFP CIM CLU FCSI TEP RRC FEA
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 FEA
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 FEA
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
FP Canada
IAFE – Institute for Advanced Financial Education
MDRT – Million Dollar Round Table
Advocis – The Financial Advisors Association of Canada
CALU – Conference for Advanced Life Underwriting
CIFPs – The Canadian Institute of Financial Planners
FP Canada
IAFE – Institute for Advanced Financial Education
MDRT – Million Dollar Round Table
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)
FEA (Family Enterprise Advisor)
Clay is a Portfolio Manager with IIROC in BC, AB and ON. He is a licensed insurance agent in BC, AB and ON.
OUR TEAM
CLIENT STORY: LESLIE & ROB
TAKE AWAYS
Advisor Insights
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Horizons Retirement Report
By Clay Gillespie on 22 Apr 2022
For some of you, this may be the first time that you have seen this report, and for others, you may have been following the Horizons Report for years. In either case, we hope you find the information contained in this report interesting, insightful and helpful in better understanding how Canadians view retirement.
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Income in Retirement
By Clay Gillespie on 04 Mar 2022
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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Longevity and Life Annuities
By Clay Gillespie on 28 Jul 2022
A couple of questions we commonly get asked are “What is a life annuity?” and “Should I consider a life annuity in my situation?”
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Spending Patterns in Retirement
By Clay Gillespie on 04 Mar 2022
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 04 Mar 2022
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Is a TFSA better than an RRSP?
By Clay Gillespie on 04 Mar 2022
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 04 Mar 2022
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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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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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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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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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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Defined Benefit Pension Plans
By Bryn Hamilton on 14 Apr 2023
Do you contribute to a defined benefit pension plan?
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Longevity and Life Annuities
By Clay Gillespie on 28 Jul 2022
A couple of questions we commonly get asked are “What is a life annuity?” and “Should I consider a life annuity in my situation?”
-
Horizons Retirement Report
By Clay Gillespie on 22 Apr 2022
For some of you, this may be the first time that you have seen this report, and for others, you may have been following the Horizons Report for years. In either case, we hope you find the information contained in this report interesting, insightful and helpful in better understanding how Canadians view retirement.
-
Spending Patterns in Retirement
By Clay Gillespie on 04 Mar 2022
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.
-
What does Life Expectancy Actually Mean?
By Clay Gillespie on 04 Mar 2022
-
Is a TFSA better than an RRSP?
By Clay Gillespie on 04 Mar 2022
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 04 Mar 2022
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.
-
Income in Retirement
By Clay Gillespie on 04 Mar 2022
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.
-
Case Study: 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.
Resources
Retirement
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Horizons Retirement Report
By Clay Gillespie on 22 Apr 2022
For some of you, this may be the first time that you have seen this report, and for others, you may have been following the Horizons Report for years. In either case, we hope you find the information contained in this report interesting, insightful and helpful in better understanding how Canadians view retirement.
-
Spending Patterns in Retirement
By Clay Gillespie on 04 Mar 2022
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.
-
What does Life Expectancy Actually Mean?
By Clay Gillespie on 04 Mar 2022
-
Is a TFSA better than an RRSP?
By Clay Gillespie on 04 Mar 2022
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 04 Mar 2022
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.
-
Income in Retirement
By Clay Gillespie on 04 Mar 2022
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.
-
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.
RESOURCES
Additional Services
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:
- learn more about their plans
- obtain a quick quote
- apply for coverage
Please call 1-800-565-2338 to speak with Manulife experts, should you have any questions about the plans or your application.
RESOURCES
Mortgages and Debt Management
Mortgage and debt management is an important element of your financial plan.
We work with Pilot Mortgage Group to make your mortgage process simpler.
Pilot Mortgage Group is one of the top mortgage brokerage companies in Canada. They work with over 50 different lenders to secure the best mortgage financing for your specific needs. Pilot also has a large emphasis on ongoing mortgage management that ensures your mortgage remains the right fit.
Should you wish to get started with Pilot, you can start on the online application below or speak with our advisory team to hear more about how they may be able to help you with your upcoming financing needs.