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

by Frederick Vettese (Author)

"Fred Vettese is the king of can-do retirement planning. Practical, clear advice from someone who knows what you're up against and has the answers." -- Rob Carrick, Globe and Mail

Canada's most trusted resource on retirement income is now updated for tumultuous times.

As the global economy faces uncertainty in the face of high inflation -- at levels not seen since the 1980s -- individuals in retirement or near to it are understandably anxious about their long term-prospects. Canadians need the tools to make better-informed choices to turn their retirement savings into retirement income for life.

This completely revised and updated third edition:

• Explains how higher interest rates and higher inflation present both new opportunities and new 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 life 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.

Back Jacket

"Fred Vettese is the king of can-do retirement planning. Practical, clear advice from someone who knows what you're up against and has the answers." -- Rob Carrick, The Globe and Mail

"Planning for how best to draw down your nest egg -- the 'decumulation' phase -- is a part of retirement planning that often gets neglected. The second edition of Fred Vettese's book focuses on this topic and is an important addition to the retirement finance literature. I recommend taking a close look at what Fred has to say about what he terms financial 'enhancements, ' including: reducing investment fees, deferring government pensions, annuities, and reverse mortgages." -- David Aston, contributing columnist with the Toronto Star and author of The Sleep-Easy Retirement Guide

Canada's #1 bestselling retirement income book is now completely revised and updated. 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, ideally to have a secure income for the rest of your life -- has become an urgent matter that no one can afford to ignore. As COVID-19 rocks the economy in an unprecedented black

swan event, retirees and those who are preparing to retire need answers to pressing questions about their financial futures. Frederick Vettese demystifies a complex and often frightening subject and provides practical, actionable advice based on five enhancements the reader can make to mitigate risk and secure their financial future.

Retirement Income for Life, Second Edition includes:

• New chapters on early retirement, retiring single, what to do when one spouse dies young, and more.
• Ideas for coping with black swan events, like the recent pandemic, that may affect your retirement income.
• The reasons retirees should be deferring CPP until age 70 and why the case for this is stronger than ever.

Author Biography

Frederick Vettese was chief actuary of Morneau Shepell for 27 years before turning his attention to the challenges faced by Canadians as they approach retirement. Vettese has written over 100 articles and op-eds for the Globe and Mail and the National Post alone. He is also the author of The Rule of 30. He lives in Toronto, Ontario.