Real Retirement

Why You Could Be Better Off Than You Think, and How to Make That Happen

Häftad, Engelska, 2013

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Straight Talk and solid retirement advice for all Canadians In the face of government changes, financial market volatility, and an aging workforce, Canadians are understandably concerned about the impact on their finances and their future retirement. This reassuring book debunks the generally-accepted claims about necessary savings rates, which can cause paranoia among those beginning to contemplate retirement. The authors offer greater insight into planning approaches that are not widely understood, demystifies retirement targets (age, savings, income), and outlines concrete approaches to maximizing retirement savings. Offers practical advice for dealing with the changes to Canada's retirement systemIncludes advice for calculating your Neutral Retirement Income TargetContains solid financial advice in accessible languageWritten by the Executive Chairman and Chief Actuary of Morneau Shepell Canada's national actuarial consulting firmThe Real Retirement offers a down-to-earth guide for preparing for comfortable retirement and shows what it takes to achieve it.

Produktinformation

Utgivningsdatum2013-10-25
Mått152 x 226 x 23 mm
Vikt363 g
FormatHäftad
SpråkEngelska
Antal sidor288
FörlagJohn Wiley & Sons Inc
ISBN9781118498644

Tillhör följande kategorier

Finansiering inom Ekonomi och ledarskap
Pensionering inom Halsa och familj

Fred Vettese has been Chief Actuary of Morneau Shepell for the past 21 years; has over 30 years of experience with national actuarial consulting firms; and is editor of, and primary contributor to, Morneau Shepell's newsletter, Vision. He has written op-eds for the National Post and Globe and Mail and is frequently quoted in both newspapers. He has appeared on various radio programs including CBC's The Current. He has written many pension articles for other journals, speaks regularly at national conferences such as the Conference Board of Canada, and is a member of the C.D. Howe Pension Policy Board. Bill Morneau is Executive Chairman of Morneau Shepell. Under his leadership, the firm has grown from 150 to 2,500 employees. He is actively engaged with clients across the entire spectrum of Canadian business and government in their pension and benefit management. He sits on, and is chair of, several boards, including St. Michael's Hospital in Toronto, the C.D. Howe Institute, AGF Management Ltd. and AGF Trust Company. He holds a B.A. from the University of Western Ontario, an M.Sc. (Econ.) from the London School of Economics, and an M.B.A. from INSEAD in Fontainebleau, France.

Preface xiChapter 1: Crisis? What Crisis? 1Chapter 2: Understanding the Foundation—Pensions 13Chapter 3: Understanding the Foundation—Health Care 31Chapter 4: Our Best Days are Behind Us 43Chapter 5: When Can We Retire? 55Chapter 6: How Workers Will Respond 65Chapter 7: Deciding When to Retire 75Chapter 8: The Three Phases of Retirement 85Chapter 9: We are Better Prepared than We Thought 93Chapter 10: Your Retirement Income Target—Why You Don’t Need 70 Per Cent 103Chapter 11: The Neutral Retirement Income Target 115Chapter 12: Arriving at Your Own Retirement Income Target 127Chapter 13: Investment Basics 135Chapter 14: Managing Your Portfolio 153Chapter 15: Your Expected Return 165Chapter 16: Choosing Your Savings Vehicle 173Chapter 17: Should You Buy an Annuity? 185Chapter 18: When You Can No Longer Cope on Your Own 193Chapter 19: Tackling the Big Unknowns 201Chapter 20: Ending on an Optimistic Note 211Appendix A: Pillar 1 and Pillar 2 Benefits 219Appendix B: Income by Source 223Appendix C: NRIT Charts 225Appendix D: A Guide to Retirement Programs in Canada 231Glossary 241Endnotes 253Acknowledgements 257About the Authors 259Index 261