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

— —

Fred Vettese Bill Morneau

The Real Retirement

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

Fred Vettese, Bill Morneau

$31.95

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

John Wiley & Sons Inc
25 October 2013

Finance; Retirement

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.

By: Fred Vettese, Bill Morneau
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Dimensions: Height: 226mm, Width: 152mm, Spine: 23mm
Weight: 363g
ISBN: 9781118498644
ISBN 10: 111849864X
Pages: 288
Publication Date: 25 October 2013
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Preface xi 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 Chapter 12: Arriving at Your Own Retirement Income Target 127 Chapter 13: Investment Basics 135 Chapter 14: Managing Your Portfolio 153 Chapter 15: Your Expected Return 165 Chapter 16: Choosing Your Savings Vehicle 173 Chapter 17: Should You Buy an Annuity? 185 Chapter 18: When You Can No Longer Cope on Your Own 193 Chapter 19: Tackling the Big Unknowns 201 Chapter 20: Ending on an Optimistic Note 211 Appendix A: Pillar 1 and Pillar 2 Benefits 219 Appendix B: Income by Source 223 Appendix C: NRIT Charts 225 Appendix D: A Guide to Retirement Programs in Canada 231 Glossary 241 Endnotes 253 Acknowledgements 257 About the Authors 259 Index 261

Fred Vettese has been Chief Actuary of Morneau Shepell for the past 21 years; has over 30 years of experience with national actuarial consulting firms; and is editor of, and primary contributor to, Morneau Shepell's newsletter, Vision. He has written op-eds for the National Post and Globe and Mail and is frequently quoted in both newspapers. He has appeared on various radio programs including CBC's The Current. He has written many pension articles for other journals, speaks regularly at national conferences such as the Conference Board of Canada, and is a member of the C.D. Howe Pension Policy Board. Bill Morneau is Executive Chairman of Morneau Shepell. Under his leadership, the firm has grown from 150 to 2,500 employees. He is actively engaged with clients across the entire spectrum of Canadian business and government in their pension and benefit management. He sits on, and is chair of, several boards, including St. Michael's Hospital in Toronto, the C.D. Howe Institute, AGF Management Ltd. and AGF Trust Company. He holds a B.A. from the University of Western Ontario, an M.Sc. (Econ.) from the London School of Economics, and an M.B.A. from INSEAD in Fontainebleau, France.