Canadian Retirement Planning Mistakes

Author : Hicks Grant Hicks,Grant Hicks
Publisher : Trafford Publishing
Page : 163 pages
File Size : 51,8 Mb
Release : 2010-02
Category : Business & Economics
ISBN : 9781426913549

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Canadian Retirement Planning Mistakes by Hicks Grant Hicks,Grant Hicks Pdf

ARE YOU WORRIED ABOUT YOUR RETIREMENT ? Your not alone. Most Canadians feel they can use some more planning when it comes to retirement whether you have been retired for several years or planning for retirement. I have written a book on the mistakes I have seen in over 20 years of retirement planning. This book addresses: -Strategies about minimizing taxes, as saving a dollar in tax may be your best investment -How to avoid common pitfalls and myths about generating retirement income and cash flow -Protecting your assets and transferring your money as everyone only gets one estate -Simplifying your retirement and giving you peace of mind -Avoid common retirement planning mistakes as the title suggests. The great investors don't do it themselves, because they know it is an emotional decision. They come to the logical conclusion to get a team of great professionals to help them avoid retirement mistakes and become comfortable with their retirement plans I hope you enjoy this book and using it as a reference towards improving your retirement lifestyle. www.ghicks.com Sincerely, Grant

Author : Sandra E. Foster
Publisher : Wiley
Page : 0 pages
File Size : 46,9 Mb
Release : 1999-09-25
Category : Business & Economics
ISBN : 0471642819

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Make the Most of What You've Got by Sandra E. Foster Pdf

You can retire but your money can't! For much of your adult life, the question is "How much do I have to save to fund my retirement?" But as you approach retirement, or if you're already retired, the question becomes "How can I make the most of what I have saved?" Many Canadians live for over twenty years in retirement — that's a long time to make your nest-egg last. If you're not working, then your money had better be! Make the Most of What You've Got is the comprehensive, common-sense guide for everyone who wants to make the most of their retirement, whether you're already retired, or just approaching the threshold: Helps you maximize your retirement income and minimize your tax bill. Explains how to plan for a dependable retirement income, turn your investments into income, and manage your investment portfolio in retirement. Alerts you to the top ten retirement planning mistakes. Covers the complex decisions you need to make about your nest-egg: dealing with maturing RRSPs, deciding whether a RRIF or an annuity is right for you, determining if you can afford to retire early, and much more. Prepares you for working with your financial advisor or planner. Features practical examples, checklists, forms, tips, and Q&As.

Author : Jean Blacklock,Sarah Kruger
Publisher : John Wiley & Sons
Page : 288 pages
File Size : 49,8 Mb
Release : 2011-02-07
Category : Business & Economics
ISBN : 9781118010457

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The 50 Biggest Estate Planning Mistakes...and How to Avoid Them by Jean Blacklock,Sarah Kruger Pdf

Stepping Lightly Around the Pitfalls of Estate Planning... Estate planning is one of those unpleasant but really important tasks. Unfortunately, the process is not only hard to get started, it is then easy to make mistakes. Even the most careful and well-intentioned person can slip up along the way. Avoid the pitfalls! The 50 Biggest Estate Planning Mistakes outlines the major mistakes and their consequences in an entertaining way-and then proceeds to tell you exactly how to avoid these mistakes. Delivering practical and helpful information in a light tone, the authors help to make these sometimes difficult conversations a little easier. The book's fifty concise chapters are filled with real-life examples, organized under four key areas of mistakes: The biggest mistake of not planning at all Failing to plan for the possibility of mental incompetency Mistakes made during the estate planning process itself And common mistakes made by executors Written by personal finance and estate planning experts, Jean Blacklock and Sarah Kruger, The 50 Biggest Estate Planning Mistakes and How To Avoid Them is an essential guide for Canadians interested in planning their estates effectively, with minimal stress on their loved ones.

Author : Tina Di Vito
Publisher : John Wiley & Sons
Page : 322 pages
File Size : 53,6 Mb
Release : 2012-01-09
Category : Business & Economics
ISBN : 9781118078419

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52 Ways to Wreck Your Retirement by Tina Di Vito Pdf

Retirement planning isn't something that happens at a specific point in time or at a specific age - we are all affecting our retirement plans every day with every decision we do or don't make. Canadians are living longer, and the average retiree in the future may have as much as 30 years of retirement to plan for, and there are many simple things that will impact our eventual retirement life. 52 Ways to Wreck Your Retirement identifies 52 things we do that could wreck our retirement, explains why it puts your retirement at risk, and provides the strategy to correct the mistake, or better still, avoid it entirely. The book is organized under several key areas of the planning process, including: Starting to Plan for Retirement Mistakes around Investing Mistakes around Debt Saving for Retirement Pensions Living in Retirement Spending in Retirement New Realities about Retirement 52 Ways to Wreck Your Retirement is not a feel-good book about how wonderful retirement will be or an alarming fear-mongering book about dying broke, nor is it a get-rich-late-retirement solution. Quite simply, it is an easily-accessible and practical guide written for Canadians of all ages that gives you the tools you need to better manage the financial and personal aspects of your retirement.

Author : Jill Booker
Publisher : CCH Canadian Limited
Page : 470 pages
File Size : 51,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 1553676963

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Comprehensive Practices in Risk and Retirement Planning by Jill Booker Pdf

Author : Coleen Clark
Publisher : Unknown
Page : 546 pages
File Size : 45,8 Mb
Release : 2013-09
Category : Estate planning
ISBN : 155322289X

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Retirement and Estate Planning in Canada by Coleen Clark Pdf

Author : Bruce D. McCarley
Publisher : Unknown
Page : 240 pages
File Size : 44,8 Mb
Release : 1993
Category : Business & Economics
ISBN : 1550134604

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Retirement Planning by Bruce D. McCarley Pdf

Author : Simon Chu
Publisher : Unknown
Page : 212 pages
File Size : 50,6 Mb
Release : 2013-04
Category : Business & Economics
ISBN : 1478714611

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The Retirement Pitfall by Simon Chu Pdf

How to Have a Happy Retirement...Five things you should know when planning your golden years. 1. Do you know that when you retire, your paychecks may stop, but your expenses don't? How do you resolve that? 2. Do you know what control your employer has over your qualified savings plan? Learn how to retain control of your money. 3. Do you want to risk your money in the stock market? There are ways to protect your nest egg. 4. Do you know after a few years in a nursing home your assets could be wiped out? Learn strategies to keep them for your loved ones. 5. Do you know how to control your money when you are incapacitated? Find out how to pass your money on to your heirs. Many books have been written about how to properly plan for retirement, but they always assume that the retirement planning began when you are young. This book is for people who are approaching retirement or are in retirement that gives them the tools to help them reach success regardless of their financial history. It's never too late to plan for retirement. Even if you are older and don't have a plan, there are ways to catch up. From avoiding common mistakes and controlling your spending, to financial planning and constructing your estate, Simon teaches you to build a retirement plan designed to weather any storm.

Author : David Trahair
Publisher : Cormorant Books
Page : 140 pages
File Size : 53,8 Mb
Release : 2021-03-06
Category : Business & Economics
ISBN : 9781770866126

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The Procrastinator's Guide to Retirement by David Trahair Pdf

Let’s face it, planning and saving for retirement is not easy. We are told that the earlier we start the better and that the “magic of compounding” will make our dreams come true if we simply trust the stock market and our investment advisor. ​But for most people it’s simply not possible. People in their twenties are often saddled with student debt and may be struggling to find suitable full-time employment. Saving for retirement is the last thing on their minds, as it should be. ​Then in our thirties and forties we tend to do things like get married, have kids, and buy houses. All these things cost a lot of money! So for many people there simply isn’t any money left to put away for retirement. Therefore many of us become procrastinators when it comes to saving for retirement. ​But there is hope. This book will take you step-by-step though planning and saving for retirement starting in your fifties and the best way to fund your retirement years. It is designed for people approaching retirement who want to ensure it is comfortable and stress-free.

Author : United States. Government Accountability Office
Publisher : Nova Science Pub Incorporated
Page : 87 pages
File Size : 50,6 Mb
Release : 2008
Category : Business & Economics
ISBN : 1604568127

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Retirement Decisions by United States. Government Accountability Office Pdf

The first wave of the 78 million member baby boom generation is now reaching retirement age. The number of people age 62, the earliest age of eligibility for Social Security retired worker benefits, is expected to be 21 percent higher in 2009 than in 2008. In addition, by 2030, the number of workers supporting each retiree is projected to be 2.2, down from 3.3 in 2006. This demographic shift poses challenges to the economy, federal tax revenues, the nation's old-age programs, and individuals' financial security in retirement. For those who are able to work longer, later retirement can strengthen the economy and also retiree incomes by postponing the time at which people will start drawing retirement benefits rather than working. A wide range of factors including the features of employers' benefit plans, personal finances, social norms, health, and individual attitudes influence workers' decisions about when to retire. Federal policies may also play a role: these include Social Security, Medicare, and tax policies related to certain private retiree health and defined benefit (DB) and defined contribution (DC) pension plans.1 Identifying both the incentives posed by these policies and the extent to which workers respond to them can help to inform policy makers as they consider ways to address the demographic challenges facing the nation. To determine the extent to which federal policiesdirectly and indirectly-pose incentives and are influencing individuals decisions about the age at which they retire, the authors have pursued the following questions: (1) What incentives do federal policies provide about when to retire? (2) What are the recent retirement patterns, and is there evidence that recent changes in Social Security requirements have resulted in later retirements? (3) Is there evidence that tax-favored private retiree health insurance and pension benefits have influenced when people retire? This is a revised and excerpted version.

Author : Frederick Vettese
Publisher : ECW Press
Page : 202 pages
File Size : 42,7 Mb
Release : 2020-10-20
Category : Business & Economics
ISBN : 9781773056418

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Retirement Income for Life by Frederick Vettese Pdf

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. 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. Originally published in 2018, the second edition of Retirement Income for Life, has been completely revised and updated, and now includes: 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) the coming bear market, resulting from COVID-19, which will create unprecedented equity buying opportunities, possibly as early as 2021. 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. Author 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. 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.

Author : Tanja Hester
Publisher : Hachette Books
Page : 235 pages
File Size : 43,5 Mb
Release : 2019-02-12
Category : Business & Economics
ISBN : 9780316450874

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Work Optional by Tanja Hester Pdf

A practical action guide for financial independence and early retirement from the popular Our Next Life blogger. In today's work culture, we're expected to hustle around the clock. But what if you could escape the traditional path and get on one that doesn't require working full-time until age 65? What if you could wake up every day without an alarm clock and do the things you love most? Tanja Hester and her husband Mark left their crazed careerist lifestyle to live their dream life in Lake Tahoe, retiring early from high-stress careers. Now Tanja will help you map out a customized plan for freedom and make it easy to succeed, whether you're good at math and budgeting -- or not! Work Optional is more than just a financial plan: it's a plan for your whole life -- designed by you, not by an employer or clients. Tanja walks you through envisioning your dream life, accounting for variables such as health care and children, protecting yourself from recessions and future unknowns, and achieving a purpose-filled early retirement, semi-retirement, or career intermission with completely doable, non-penny-pinching steps. You can live a happier, more meaningful life, free from the daily grind. Regardless of where you are in your career, Work Optionalwill get you there.

Author : Bill Tufts,Lee Fairbanks
Publisher : John Wiley & Sons
Page : 231 pages
File Size : 49,7 Mb
Release : 2011-01-25
Category : Business & Economics
ISBN : 9781118098738

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Pension Ponzi by Bill Tufts,Lee Fairbanks Pdf

The vast majority of Canadians are blissfully unaware that every man, woman and child in Canada now owes a $35,000 share of government debt and must pay this back, with interest! Make no mistake, this debt will change our country and affect every single Canadian in the decades to come. You may think you have planned for your retirement and are safe, but the government must find a way to recover this borrowed money, and they can only do that by raising your taxes and reducing your hard-earned benefits. How did this debt come about, and why can't we simply pay it off? Pension Ponzi lays the blame squarely at the feet of the politicians who refused to stand up to Canada's public sector unions. The fact is Canada's public sector, which accounts for 20% of the workforce, has been grossly overpaid relative to their counterparts in the private sector with cushy pensions paid for with your taxes and new debt. There is no denying that the country does not have the financial resources to ensure that the next generation of Canadians will have the same standard of living as the ones before it-or to support our growing seniors population. Meeting our public sector pension obligations will break the current social safety net that is a pillar of the Canadian way. Can you escape this bleak future? Can you afford to live longer? Nationally-recognized pension expert Bill Tufts and award-winning journalist Lee Fairbanks explore how this catastrophe came about and then suggest ways that government can fix what's broken, and how you as an individual can protect yourself from the financial calamity that is about to engulf Canada.

Author : Gail Vaz-Oxlade
Publisher : HarperCollins Canada
Page : 157 pages
File Size : 54,8 Mb
Release : 2013-12-31
Category : Business & Economics
ISBN : 9781554688692

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Never Too Late by Gail Vaz-Oxlade Pdf

Freshly updated retirement advice from one of Canada’s most trusted financial writers We all know we should save for retirement, right? But we don’t. We’re just not sure where to start, or when. Experts conjure magic numbers and use complicated terminology. Do we really need a million dollars? And if we don’t have a snowball’s chance in hell of saving that much, should we even bother? Gail’s answers are no and yes—there is no magic number that fits everyone, and yes, you must bother! The hardest part of retirement planning is getting started, so Gail walks you through the steps to put momentum on your side—even if it’s with as little as a dollar a day. She’ll help you figure out where you are now, where you want to be and how to get there. No expert, Gail included, should offer a one-size-fits-all solution, which is why Never Too Late has concrete steps for developing a plan that is right for you. Never Too Late is about cutting through the crap, taking charge and taking action to create the future you want.

Author : Steve Moore
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 51,6 Mb
Release : 2010-10-05
Category : Business & Economics
ISBN : 9780470930144

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Ineffective Habits of Financial Advisors (and the Disciplines to Break Them) by Steve Moore Pdf

A how to guide to avoiding the mistakes ineffective financial advisors most often make Based on a 15-year consulting program that author Steve Moore has led for financial advisors, Ineffective Habits of Financial Advisors (and the Disciplines to Break Them): A Framework for Avoiding the Mistakes Everyone Else Makes details proven techniques which allow advisors to transform their business into an elite practice: business analysis, strategic vision, exceptional client service, and acquiring high net worth clients. Told through the story of a purely fictional and completely average financial advisor, each chapter begins with an ineffective habit that is then countered with a discipline that improves business results and adds value. The book Details a step-by-step strategy for working through current clients, rather than relying on cold calling to form new relationships Includes anecdotes collected through both personal experience and stories relayed to him by clients and colleagues Provides question and answer segments, examples, and homework assignments Ineffective Habits of Financial Advisors (and the Disciplines to Break Them shows you how to deliver exceptional service while generating higher revenue per client.