Milton Public Library

Retirement Income for Life, Frederick Vettese - electronic bk

Contributor
Summary
Canada's #1 bestselling retirement income book is now completely revised and updated. Vettese will show you how to mitigate risk and secure your financial future in these unpredictable times. As COVID-19 rocks the economy in an unprecedented black swan event, retirees and those who are preparing to retire need answers to pressing questions about their financial futures. Originally published in 2018, the second edition of Retirement Income for Life, has been completely revised and updated, and now includes: - New chapters on early retirement, retiring single, what to do when one spouse dies young, and more. - Three strategies for mitigating your personal financial risk in the current downturn in equities and other investment products. - Advice on how to plan for (and even benefit from) the coming bear market, resulting from COVID-19, which will create unprecedented equity buying opportunities, possibly as early as 2021. - Information on the impact of unbearably low interest rates on annuities and fixed income investments and what to do if you hold them. - The reasons retirees should be deferring CPP until age 70 and why the case for this is stronger than ever. Author Frederick Vettese demystifies a complex and often frightening subject and provides practical, actionable advice based on five enhancements the reader can make to mitigate risk and secure their financial future. With over one thousand Canadians turning 65 every day, the cultivation of good decumulation practices - the way in which you draw down assets in retirement, ideally to have a secure income for the rest of your life - has become an urgent matter that no one can afford to ignore. Drawing down one's savings in retirement is something very few retirees do well. They often outlive their money, systematically underspend for fear of outliving their money, or employ inefficient and wasteful drawdown strategies. Retirement Income for Life provides five enhancements that will greatly improve the odds of your retiring well. Frederick Vettese is Canada's most visible actuary. His entire career has been focused on working within Canada's retirement income system. For 27 years, he was chief actuary of Morneau Shepell, a Canadian HR services firm with 6,000 employees and 24,000 clients. Frederick now spends most of his professional time speaking and writing about retirement issues. He has written over 100 articles and op-eds for the Globe and Mail and the National Post alone. He also has two other retirement books to his credit. - List of Tables and Figures - Preface - Introduction - Part I: Identifying the Decumulation Problem - 1: Who Should Read This Book? - 2: The Thompsons Are Ready to Retire - 3: The Thompsons Face Financial Ruin - 4: Coping with Spending Shocks - 5: Improving on the 4-Percent Rule - 6: Withdrawal Strategies to Avoid - 7: Investment Risk - 8: What if You See a Black Swan? - 9: Where the Thompsons Stand - Part II: A Five-Part Solution - 10: Enhancement 1: Reducing Fees - 11: Enhancement 2: Transfer Risk to the Government - 12: Why So Few People Defer Their CPP Pension - 13: Enhancement 3: Transfer Even More Risk - 14: Progress Report - 15: Enhancement 4: Knowing How Much Income to Draw - 16: Enhancement 5: Have a Backstop - Part III: Exploring Other Situations - 17: What if You Die Early On? - 18: Super-Savers and YOLOs - 19: How Early Retirement Changes Everything - 20: Not Yet Ready to Retire? - 21: Complex Situations - 22: High-Net-Worth Couples - 23: Tax-Sheltered vs. After-Tax Assets - 24: Retiring Single - 25: Where Do Bequests Fit In? - Part IV: Making It Happen
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (240 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781773056418

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