Ted Wernham Earns MDRT Top of the Table Designation

An accomplished financial professional with multiple decades of experience in personal asset management, Ted Wernham serves as president of Wernham Wealth Management Inc., in London, Ontario, Canada. Since 2009, Ted Wernham has also offered his professional financial insight to the wider public via his radio program, Building Wealth. In recognition of his financial acumen, he has earned lifetime membership in the Million Dollar Round Table (MDRT), which has stood as a leading global network of highly successful insurance and financial services professionals for nearly a century.

In October 2014, the Million Dollar Round Table elevated Ted Wernham to its exclusive Top of the Table membership status. The qualification represents the organization’s highest level of membership, bestowed upon the top life insurance and financial services professionals in the world. MDRT recognized Mr. Wernham for his outstanding professional knowledge and ethical conduct, as well as his commitment to client service. As a Top of the Table member, he gains the opportunity to share industry knowledge with other high-level financial professionals at exclusive events such as the Top of the Table Annual Meeting.


A Visit to London, Ontario, Canada

Entrepreneur and financial-sector executive Ted Wernham has forged a lengthy relationship with London, Ontario, Canada. The home of his business, Wernham Wealth Management Inc., where he has led the firm as president for nearly 40 years, the city also has welcomed his considerable service, including four terms on the City Council. In addition, Ted Wernham chaired the London Transit Commission for more than eight years. London dates back to the early 1800s. Incorporated as a town in 1840, it became an official city in 1855.

Since World War II, London, Ontario has grown exponentially, with today’s central district featuring Wellington Square, the City Centre, and the Market Garden Parking Building. Sherwood Forest, Oakridge Acres, and other new suburbs also have sprung up. The city offers a British touch with the River Thames and double-decker buses, but its distinctly Canadian flair includes Fanshawe Pioneer Village, Eldon House, a new courthouse, and the popular Labatt Brewing Company brewery. Bandleader Guy Lombardo, actors Ryan Gosling and Rachel McAdams, pop star Justin Bieber, and screenwriter Paul Haggis all hail from London, Ontario, Canada.

Post-Retirement Income Replacement Requires Careful Planning, By Ted Wernham, President, Wernham Wealth Management

Most financial advisors recommend that people should strive to maintain their post-retirement income with at least 70 percent of the income they earned during their working years. This calculation takes into consideration such pre-retirement expenses as national and provincial incomes taxes and transportation and clothing costs related to career requirements. In addition, the 70 percent figure reflects an expectation that many working people will have paid the lion’s share of such expensive ventures as their children’s education.

While 70 percent of pre-retirement income may be sufficient for some people, others prefer to prepare for additional expenses such as travel, relocation, and other activities. In addition, many people planning for retirement incorporate such aspirations as helping their grandchildren pay for college into their retirement strategies.

To ensure that you have enough post-retirement income to meet your needs, meet with an experienced wealth manager or financial planner to discuss your immediate and long-term income goals. Consider all of your existing post-retirement income sources, such as any pension payments and federal payments as well as those of your spouse; determine how much you will have to supplement this amount in order to reach your monthly or yearly cash flow objectives.

About the author: With nearly 40 years of experience as a financial professional, Ted Wernham helps clients develop strategies for savings, investments, and tax considerations. Based in Ontario, Canada, he reaches a wide audience in his weekly radio talk show, Building Wealth. Mr. Wernham is designated as an Elder Planning Counselor and a Chartered Financial Services Broker.