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

by Frederick Vettese (Author)

Canada's #1 bestselling retirement income book is now completely revised and updated. Vettese will show you how to mitigate risk and secure your financial future in these unpredictable times.

• New chapters on early retirement, retiring single, what to do when one spouse dies young, and more.
• Three strategies for mitigating your personal financial risk in the current downturn in equities and other investment products.
• Advice on how to plan for (and even benefit from) a possible bear market, resulting from COVID-19, which could create unprecedented equity buying opportunities.
• Information on the impact of unbearably low interest rates on annuities and fixed income investments and what to do if you hold them.
• The reasons retirees should be deferring CPP until age 70 and why the case for this is stronger than ever.

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 is the former Chief Actuary of Morneau Shepell (now TELUS Health). He has written hundreds of articles for The Globe and Mail and the National Post, plus four books on Canadian retirement issues. The third edition of Retirement Income for Life is targeted at savers who are retired or nearing retirement and want to turn their life savings into sustainable income. Frederick grew up in Toronto, where he continues to live with his wife, Michelle. He graduated from the University of Toronto with an Honours Bachelor of Science degree before studying to become an actuary.