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

Author: Fred Vettese; Bill Morneau
Publisher: John Wiley & Sons
ISBN: 9781118498644
Published In: December 2012
Format: Paperback , 288 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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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 system
Includes advice for calculating your Neutral Retirement Income Target
Contains solid financial advice in accessible language
Written by the Executive Chairman and Chief Actuary of Morneau Shepell Canada's national actuarial consulting firm

The Real Retirement offers a down-to-earth guide for preparing for comfortable retirement and shows what it takes to achieve it.

Chapter 1: Crisis? What Crisis? 1

Chapter 2: Understanding the Foundation—Pensions 13

Chapter 3: Understanding the Foundation—Health Care 31

Chapter 4: Our Best Days Are Behind Us 43

Chapter 5: When Can We Retire? 55

Chapter 6: How Workers Will Respond 65

Chapter 7: Deciding When to Retire 75

Chapter 8: The Three Phases of Retirement 85

Chapter 9: We Are Better Prepared than We Thought 93

Chapter 10: Your Retirement Income Target—Why You

Don’t Need 70 Per Cent 103

Chapter 11: The Neutral Retirement Income Target 115