Retirement planning isn’t something that happens at a specific point in time or at a specific age – we are all affecting our retirement plans every day with every decision we make or don’t make. Canadians are living longer, and the average retiree in the future may have as much as 30 years of retirement to plan for, and there are many simple things that we do or don’t do that will impact our eventual retirement life. 52 Ways to Wreck Your Retirement identifies 52 things we do that could wreck our retirement, explains why it could wreck your retirement and provides the strategy to correct the mistake – or better, stop it before it happens. Each chapter ends with a short “to-do” list of items that are actionable and practical. In some cases you need to take action, in other cases you may need to start thinking about things differently. These short bites of information are logically ordered and filled with real-life examples, organized under several key areas of the planning process, including: Starting to Plan for Retirement Mistakes around Investing Mistakes around Debt Saving for Retirement Pensions Living in Retirement Spending in Retirement New Realities about Retirement This isn’t a heavy tome about Tax Efficient Investing or Diversification, it’s not a parable or a journey for the reader to follow. It’s not a feel-good book about how wonderful retirement will be or an alarming, nightmare-inducing fear-mongering book about dying broke, nor is it a get-rich-late-retirement solution. Quite simply, this is an easily-accessible and eminently practical guide written for Canadians of all ages that gives you the upper hand by arming you with the tools you need to better manage the financial and personal aspects of your retirement.
Book Details:
- Author: Tina Di Vito
- ISBN: 9781118076095
- Year Published: 2011
- Pages: 320
- BISAC: BUS050040, BUSINESS & ECONOMICS/Personal Finance / Retirement Planning
About the Book and Topic:
Retirement planning isn’t something that happens at a specific point in time or at a specific age – we are all affecting our retirement plans every day with every decision we make or don’t make. Canadians are living longer, and the average retiree in the future may have as much as 30 years of retirement to plan for, and there are many simple things that we do or don’t do that will impact our eventual retirement life. 52 Ways to Wreck Your Retirement identifies 52 things we do that could wreck our retirement, explains why it could wreck your retirement and provides the strategy to correct the mistake – or better, stop it before it happens. Each chapter ends with a short “to-do” list of items that are actionable and practical. In some cases you need to take action, in other cases you may need to start thinking about things differently. These short bites of information are logically ordered and filled with real-life examples, organized under several key areas of the planning process, including: Starting to Plan for Retirement Mistakes around Investing Mistakes around Debt Saving for Retirement Pensions Living in Retirement Spending in Retirement New Realities about Retirement This isn’t a heavy tome about Tax Efficient Investing or Diversification, it’s not a parable or a journey for the reader to follow. It’s not a feel-good book about how wonderful retirement will be or an alarming, nightmare-inducing fear-mongering book about dying broke, nor is it a get-rich-late-retirement solution. Quite simply, this is an easily-accessible and eminently practical guide written for Canadians of all ages that gives you the upper hand by arming you with the tools you need to better manage the financial and personal aspects of your retirement.
Canadians over 50 now control about 75% of the nation’s wealth and are responsible for more spending than any other age group An estimated 30% of Canadians between 41 and 62 have no estate plan at all Quick answers and examples that break down a daunting topic into manageable parts Light, friendly and knowledgeable tone perfect for an often complex subject Learn from other people’s mistakes, whether you’re creating your own retirement plan independently or have hired a financial planning professional to assist you. Mistakes include: Failing to talk to your partner about retirement; Taking too long to pay off your mortgage, or waiting too long to downsize your house, Ignoring the effects of inflation, and Forgetting you have a Canadian Pension Plan – or relying too heavily on it.
About the Author
Tina Di Vito, CA, CFP, TEP, CSA is the Head of the BMO Retirement Institute, leading the research and creation of industry-leading white paper reports on retirement issues facing Canadians. With more than 20 years of experience helping Canadians plan for and live in retirement, Tina has worked with High Net Worth families and run workshops and seminars for Canadians of all levels of prosperity. As the main media relations contact for the BMO Retirement Institute, she has been on Canada AM, Global Television, BNN, and has been interviewed by the Globe and Mail, the Financial Post, the Toronto Star, Wall Street Journal online, Investment Executive and Advisor.ca. She has also been consulted by government committees at the Federal level.