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Paycheques and Playcheques: Retirement Income Solutions for Canadians
Now available for Canada! If you ask 50 different financial advisors, you will get 50
different opinions about how to plan for a secure retirement. Their opinions are likely to be sub-optimal.
Instead of offering you their opinion, Tom Hegna, Steve Tate, and Rob Gawthrop lay out for you the math and science behind a very simple retirement solution. It is so simple, in fact, that you will probably ask yourself, “Why doesn’t every financial advisor know this?”
Paycheques and Playcheques is a roadmap for surviving – and thriving – in these difficult economic times.
different opinions about how to plan for a secure retirement. Their opinions are likely to be sub-optimal.
Instead of offering you their opinion, Tom Hegna, Steve Tate, and Rob Gawthrop lay out for you the math and science behind a very simple retirement solution. It is so simple, in fact, that you will probably ask yourself, “Why doesn’t every financial advisor know this?”
Paycheques and Playcheques is a roadmap for surviving – and thriving – in these difficult economic times.
240 pages, Hardcover
First published December 15, 2014
2 people are currently reading
7 people want to read
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Displaying 1 - 2 of 2 reviews
May 12, 2024
This book was recommended as a must-have book, while there are some good advice on annuities and other retirement tools. One needs to understand that the book was written for the Canadian readers.
I found it difficult for me to determine which recommendation the book gives that I could apply to living in the USA. It would be nice if there was an American edition. Maybe there is and I just wasn't aware of it.
I found it difficult for me to determine which recommendation the book gives that I could apply to living in the USA. It would be nice if there was an American edition. Maybe there is and I just wasn't aware of it.
February 4, 2016
Great book, learned all kinds of things I didn't know, highly recommended.
Here's what I want to remember: annuities! buy a lifetime income annuity and get a guaranteed monthly cheque for life, won't run out of money, but super important to choose a top-rated life insurance company. Never withdraw more than 3% per year....2% is bulletproof. Save 15-25% of your income. The riskiest time to invest is 6 years before and after retirement. Look into segregated funds - only offered by insurance companies and they guarantee your principle.
I need long-term care insurance - asap because you can't buy it, you have to qualify for it with your health. Use the lifetime income annuity cheque to pay the long-term care assistance insurance premiums. Life insurance is the most tax-efficient method of wealth transfer. Laddered lifetime income annuities is ideal. How much money should you convert into annuities? Answer: 100% of your minimum acceptable level of your retirement income.
Interesting stuff!
Here's what I want to remember: annuities! buy a lifetime income annuity and get a guaranteed monthly cheque for life, won't run out of money, but super important to choose a top-rated life insurance company. Never withdraw more than 3% per year....2% is bulletproof. Save 15-25% of your income. The riskiest time to invest is 6 years before and after retirement. Look into segregated funds - only offered by insurance companies and they guarantee your principle.
I need long-term care insurance - asap because you can't buy it, you have to qualify for it with your health. Use the lifetime income annuity cheque to pay the long-term care assistance insurance premiums. Life insurance is the most tax-efficient method of wealth transfer. Laddered lifetime income annuities is ideal. How much money should you convert into annuities? Answer: 100% of your minimum acceptable level of your retirement income.
Interesting stuff!
Displaying 1 - 2 of 2 reviews