A note to US-based customers: All Lit Up is pausing print orders to the USA until further notice. Read more

Retirement Income for Life: Third Edition

By (author): Frederick Vettese

“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 MailCanada’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 retireesIllustrates how the expansion of the CPP (which started in 2019) will affect upcoming retireesExamines the impact of inflation on the deferral of CPP and OAS pensionsExplores whether life annuities are still relevant and asks whether there are better products on the marketProvides a revamped retirement calculatorActuary 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.

AUTHOR

Frederick Vettese

Frederick Vettese was chief actuary of Morneau Shepell for 27 years before turning his attention to the challenges faced by Canadians as they approach retirement. Vettese has written over 100 articles and op-eds for the Globe and Mail and the National Post alone. He is also the author of The Rule of 30. He lives in Toronto, Ontario.


Reviews

“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 GuideCanada’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 blackswan 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.
“Destined to become the bible of any new or near retiree.” — moneysense.ca on Retirement Income for Life, first edition
“I’m on the record saying that every Canadian retiree and soon-to-be retiree should read Retirement Income for Life by Fred Vettese. It offers five clear strategies for making the most of your accumulated savings and turning it into predictable, sustainable retirement income.” — Boomer & Echo on Retirement Income for Life, first edition
“Must-read book for Canadians who are in retirement or who are preparing for retirement.” — Cut the Crap Investing on Retirement Income for Life, first edition
“A great resource for Canadians who see retirement on the horizon and are beginning to wonder whether it is to be embraced or feared.” — PWL Capital on Retirement Income for Life, first edition

Awards

There are no awards found for this book.
Excerpts & Samples ×
“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 MailCanada’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 retireesIllustrates how the expansion of the CPP (which started in 2019) will affect upcoming retireesExamines the impact of inflation on the deferral of CPP and OAS pensionsExplores whether life annuities are still relevant and asks whether there are better products on the marketProvides a revamped retirement calculatorActuary 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.

Reader Reviews

Details

Dimensions:

240 Pages
9in * 6in * 0.5566in
0.94lb

Published:

January 02, 2024

City of Publication:

Toronto

Country of Publication:

CA

Publisher:

ECW Press

ISBN:

9781770417175

Featured In:

All Books

Language:

eng

No author posts found.

Related Blog Posts

There are no posts with this book.

Other books by Frederick Vettese