Retirement Income for Life: Getting More Without Saving More (Third Edition)

Canada's most trusted resource on retirement income, updated for tumultuous times

As the global economy faces uncertainty in the face of high inflation -- at levels seen only twice before in this century -- and the specter of recession looms, individuals in retirement or near to it are understandably anxious about living well long-term. Canadians need the tools to make better-informed choices to turn their retirement savings into retirement income for life. This revised and updated edition:

• Explains how higher interest rates and higher inflation present both new opportunities and challenges to retirees
• Illustrates how the expansion of the CPP (which started in 2019) will affect upcoming retirees
• Examines the impact of inflation on the deferral of CPP and OAS pensions
• Explores whether level-income annuities are still relevant and asks whether there are better products on the market
• Provides a revamped retirement calculator

Actuary Frederick Vettese demystifies a complex and often frightening subject and provides practical, actionable advice. With over one thousand Canadians turning 65 every day, the cultivation of good decumulation practices -- the way in which you draw down assets in retirement-- has become an urgent matter that no one can afford to ignore.

Binding Type: Paperback
Publisher: ECW Press
Published: 01/02/2024
ISBN: 9781770417175
Pages: 264
Weight: 0.94lbs
Size: 9.00h x 6.00w x 0.56d