Banks in Canada » Retirement:

Recession-Proof Retirement: Safe Strategies for Peace of Mind

admin — Mon, 10 Jun 2013 23:58:04 +0000

In thinking about your own retirement, does it seem “more probable” to you that your MONEY will outlive you… or that YOU will outlive your money? In either case, the proven strategies in this book can safely make your savings work much harder.

This book is a must have for people who are already retired or within just a few years of their retirement. If this describes you, please keep reading. But
if you are more than 5 years from retirement, please search for his book “Stress-Free Retirement Planning” on Amazon, which will be more appropriate for you.

“Recession-Proof Retirement” shows retirees how to safely increase your interest income, reduce your income taxes and/or predictably increase your security, wealth and legacy.

A successful retirement is no longer a “slam dunk”. With fewer retirees getting sizable pensions, the lingering effects of the great recession of 2008, a decade of stock market volatility and continuing historically low interest rates, managing finances for a long and prosperous retirement can be tricky for all but the very wealthy.

As a practicing Certified Financial Planner, Mr. Orr likes to start a retirement income discussion with this fact. There have been 23 economic recessions since 1900 and more will follow. They can all adversely & permanently impact a retiree's lifestyle and/or their hopes for leaving a meaningful legacy. On average, one happens about every five years, so you will likely experience 5-7 recessions during your retirement.

Have you recovered from the last two recessions yet? Are you fully prepared for the next one? If not, what are you going to do differently?

Along with the high likelihood of living through more recessions, longevity and inflation are the big demons to beat during retirement. Many retirees have yet to fully consider, plan and invest for these nearly inevitable occurrences.

That could be an awful mistake unless you have more than a $1,000,000 in savings, a large pension that you both can count on… and you don’t rely on
2 Social Security checks each month. What will happen when one of those Social Security checks stops coming in?

The average lifespan of Americans has been rising for many decades and will continue to do so with medical advances. A couple aged 62 today, has a joint life expectancy of age 92 - so at least one of them is likely to live until age 92 or even longer. So we should really plan for a 25-35 year retirement income stream.

However, we can’t forget about inflation risk over the next few decades. Every year, everything that you buy will cost more. At 3% inflation, your cost of living will double in 24 years. With inflation factored in, we need to plan for
a 25-35 year “rising income” -- as your cost of living during retirement will probably double. One cannot afford to wait and deal with this looming economic “time-bomb” later.

With that in mind, retirees need secure places to put their money that provide decent returns that safely beat inflation over the next 2-3 decades, provide great liquidity at any time, offer flexibility and much more.

This book shows examples of how his clients are using these financial strategies and solutions for a more secure monthly income. The income planning strategies combined with what he believes are some of the best types of retirement investments to beat inflation and your likely longevity.

If you are closed-minded to new retirement income methods, this book is not for you. You will not read about old, failed methods.

These safe financial vehicles can be perfect CD, bond and annuity alternatives for a safe place for retirement savings and IRAs. They come with much flexibility and other valuable benefits for you and your family. And this book is NOT about index annuities which so many annuity salespeople are pushing onto seniors.

The educational and easy-to-understand information in this book can provide security and new long-term rising income solutions for America’s retirees and seniors

How to Love Your Retirement: The Guide to the Best of Your Life

admin — Mon, 10 Jun 2013 23:57:46 +0000

101 Secrets for a Great Retirement: Practical, Inspirational, & Fun Ideas for the Best Years of Your Life!

admin — Mon, 10 Jun 2013 23:57:38 +0000

The Joy of Retirement: Finding Happiness, Freedom, and the Life You’ve Always Wanted

admin — Mon, 10 Jun 2013 23:57:27 +0000

How to Love Your Retirement: The Guide to the Best of Your Life (Hundreds of Heads Survival Guides)

admin — Mon, 10 Jun 2013 23:57:26 +0000

Ready or not, here it comes: your retirement years! The third phase in your life.

You can look forward to good and interesting times if you're prepared, and Love Your Retirement is packed with helpful, entertaining stories and lots of real-life advice from hundreds of retirees who are making the most of their golden years.

Love Your Retirement lets readers learn about the NEW retirement: the un-retirement, Protirement, encore experience, from renewment trailblazers. It will introduce the exciting possibilities about how to think about and experience retirement and to hear from ‘hundreds of heads’ who are doing it in this new and satisfying way.

Stories are:

• Inspirational
• Funny
• Touching
• Educational

Among the topics covered:

-How to pick the best time to retire
-Home again: learning to live with your spouse 24/7
-A new life: starting fresh in business, love, and family
-Back to school—it's more than being Old Person On Campus
-Footloose: traveling your days away
-Health: how to stay fit and beat the insurance system
-Grandkids: how to be the best grandparent in the world
-Volunteering and Working: staying busy and productive

52 Ways to Wreck Your Retirement: …And How to Rescue It

admin — Mon, 10 Jun 2013 23:57:21 +0000

Super-Charged Retirement: Ditch the Rocking Chair, Trash the Remote, and Do What You Love

admin — Mon, 10 Jun 2013 23:57:19 +0000

The New Rules of Retirement: What Your Financial Advisor Isn’t Telling You

admin — Mon, 10 Jun 2013 23:57:13 +0000

The financial advice industry -- including banks, mutual fund and insurance companies -- has a vested interest in our hard-earned savings. Industry advisors are constantly warning us that we may not be financially prepared for retirement. And, feeling anxious about our future, we become convinced that it’s a good idea to let them handle our money. After all, they seem to have all the answers. But retirement planning today isn’t the same as it was in the past. We’re living longer, leading more active lives, with more options about how we want to live once employment is no longer the main focus. For the 1.6 million Canadians who will be retiring in the next five years, the questions at play are more complex than “How much do I need to retire?” Industry veterans Warren MacKenzie and Ken Hawkins have seen firsthand the mistakes that Canadians make in their financial preparations for the future. In The New Rules for Retirement, they offer simple, unbiased advice while at the same time debunking the many myths surrounding retirement.

A Couple’s Guide to Happy Retirement: For Better or For Worse . . . But Not For Lunch

admin — Mon, 10 Jun 2013 23:57:10 +0000

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

admin — Mon, 10 Jun 2013 23:57:04 +0000

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.