Who you gonna trust: Barry Ritholtz or Jim Cramer? + MORE Oct 25th

Because I get a lot of free review copies of financial books, it’s rare that I actually order one from Amazon, let alone three. But I did just that recently when I was curious about three influential authors who released new financial books within weeks of each other.

The first can be regarded by retirees and those on the cusp of retirement as a must read: William Bengen’s A Richer Retirement, the long-awaited update of his classic book on the much-cited 4% Rule: Conserving Client Portfolios During Retirement. First published in 2006, that book was really aimed at financial advisors but became popular with the general investing public after it got extensive press exposure over the years.

 The 4% Rule—which is actually closer to a 4.7% Rule depending how you interpret it—refers to the “safe” percentage of a portfolio that retirees can withdraw each year without running out of money in 30 years, net of inflation. Bengen’s term for this is “SAFEMAX…

Here’s a round-up of news for Canadian investors this week.

Iamgold

Teck Resources

Mullen Group

Wealthsimple

West Fraser Timber

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Ask MoneySense
I am 64 and retirement is coming up soon. Not sure exactly when. I took my CPP at 60, and will take my OAS June of 2026. I have no private pension plan and limited RRSP ($50,000). My dilemma is do I sell my condo (no mortgage) as I will not be able to live off the pension but nor do I want to work forever. I would like to travel while somewhat young and able-bodied. My mom is still alive and one day I will receive a substantial inheritance, which then could perhaps buy a small condo or continue to rent. I was brought up to buy and not rent, but times are changing.

—Esther

There are a few factors to consider in your case, Esther, so I will touch briefly on several of them.

CPP/OAS strategy without other pensions

You can begin your Canada Pension Plan (CPP) retirement pension as early as age 60 or defer it as late as age 70. For each month you defer it after age 60, the pension rises.

If you start your pension at 60 and continue to work, you must continue to contribute to the pension until at least age 65…