Book description
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.
Table of contents
- Cover
- Title Page
- Copyright
- Dedication
- Chapter 1: Crisis? What Crisis?
- Chapter 2: Understanding the Foundation—Pensions
- Chapter 3: Understanding the Foundation—Health Care
- Chapter 4: Our Best Days Are Behind Us
- Chapter 5: When Can We Retire?
- Chapter 6: How Workers Will Respond
- Chapter 7: Deciding When to Retire
- Chapter 8: The Three Phases of Retirement
- Chapter 9: We Are Better Prepared than We Thought
- Chapter 10: Your Retirement Income Target—Why You Don't Need 70 Per Cent
- Chapter 11: The Neutral Retirement Income Target
- Chapter 12: Arriving at Your Own Retirement Income Target
- Chapter 13: Investment Basics
- Chapter 14: Managing Your Portfolio
- Chapter 15: Your Expected Return
- Chapter 16: Choosing Your Savings Vehicle
- Chapter 17: Should You Buy an Annuity?
- Chapter 18: When You Can No Longer Cope on Your Own
-
Chapter 19: Tackling the Big Unknowns
- First the Good News: You're in the Right Place
- The Clouds on the Horizon
- A Quick Look Back at the Private Sector's Response
- A Likely Model: U.S. Corporations and Their Benefits Programs
- The Challenge of Dealing with Downloading of Costs
- The Long-Term Care Question
- One More Time: Our Three-Pillar Retirement System Is Doing Well
- Chapter 20: Ending on an Optimistic Note
- Appendix A: Pillar 1 and Pillar 2 Benefits
- Appendix B: Income by Source
- Appendix C: NRIT Charts
- Appendix D: A Guide to Retirement Programs in Canada
- Glossary
- Endnotes
- Acknowledgements
- About the Authors
- Index
Product information
- Title: The Real Retirement: Why You Could Be Better Off Than You Think, and How to Make That Happen
- Author(s):
- Release date: December 2012
- Publisher(s): Wiley
- ISBN: 9781118498644
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