Home Retirement Income for Life: Getting More Without Saving More (Third Edition) by Frederick Vettese (ISBN: 9781770417175)

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Retirement Income for Life: Getting More Without Saving More (Third Edition) Paperback - 2024

Name: Retirement Income for Life: Getting More without Saving More (Third Edition) [Paperback] Vettese, Frederick
Price: 17.31 USD
Availability: InStock
ISBN: 9781770417175

by Frederick Vettese

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From the publisher

"Fred Vettese is the king of can-do retirement planning. Practical, clear advice from someone who knows what you're up against and has the answers." -- Rob Carrick, Globe and Mail

Canada's most trusted resource on retirement income is now updated for tumultuous times.

As the global economy faces uncertainty in the face of high inflation -- at levels not seen since the 1980s -- individuals in retirement or near to it are understandably anxious about their long term-prospects. Canadians need the tools to make better-informed choices to turn their retirement savings into retirement income for life.

This completely revised and updated third edition:

Explains how higher interest rates and higher inflation present both new opportunities and new challenges to retirees
Illustrates how the expansion of the CPP (which started in 2019) will affect upcoming retirees
Examines the impact of inflation on the deferral of CPP and OAS pensions
Explores whether life annuities are still relevant and asks whether there are better products on the market
Provides a revamped retirement calculator

Actuary Frederick Vettese demystifies a complex and often frightening subject and provides practical, actionable advice. 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--has become an urgent matter that no one can afford to ignore.

From the rear cover

"Fred Vettese is the king of can-do retirement planning. Practical, clear advice from someone who knows what you're up against and has the answers." -- Rob Carrick, The Globe and Mail

"Planning for how best to draw down your nest egg -- the 'decumulation' phase -- is a part of retirement planning that often gets neglected. The second edition of Fred Vettese's book focuses on this topic and is an important addition to the retirement finance literature. I recommend taking a close look at what Fred has to say about what he terms financial 'enhancements, ' including: reducing investment fees, deferring government pensions, annuities, and reverse mortgages." -- David Aston, contributing columnist with the Toronto Star and author of The Sleep-Easy Retirement Guide

Canada's #1 bestselling retirement income book is now completely revised and updated. 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. 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. 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.

Retirement Income for Life, Second Edition includes:

New chapters on early retirement, retiring single, what to do when one spouse dies young, and more.
Ideas for coping with black swan events, like the recent pandemic, that may affect your retirement income.
The reasons retirees should be deferring CPP until age 70 and why the case for this is stronger than ever.

Details

Title Retirement Income for Life: Getting More Without Saving More (Third Edition)
Author Frederick Vettese
Binding Paperback
Pages 264
Volumes 1
Language ENG
Publisher ECW Press
Publication date 2024-01-02
Illustrated Yes
Features Bibliography, Illustrated, Index
ISBN 9781770417175 / 1770417176
Weight 0.81 lbs (0.37 kg)
Dimensions 8.98 x 6.09 x 0.4 in (22.81 x 15.47 x 1.02 cm)
Category Consumer Finance
Library of Congress subjects Finance, Personal - Canada, Retirement income - Canada - Planning
Dewey Decimal Code 332.024

About the author

Frederick Vettese is the former Chief Actuary of Morneau Shepell (now TELUS Health). He has written hundreds of articles for The Globe and Mail and the National Post, plus four books on Canadian retirement issues. The third edition of Retirement Income for Life is targeted at savers who are retired or nearing retirement and want to turn their life savings into sustainable income. Frederick grew up in Toronto, where he continues to live with his wife, Michelle. He graduated from the University of Toronto with an Honours Bachelor of Science degree before studying to become an actuary.