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.
Really liked this book for a few reasons, I’m in my mid 20s so the target audience isn’t for me - it’s geared more to people about 10 years away from retirement. However that helped to know what things were more importantly prioritized if your behind on your retirement amount or if you haven’t calculated that yet. Also enjoyed the fact that the author is Canadian so a lot of the information or websites were directly applicable to me, where a lot of other financial books are based from the US, and therefore isn’t 1-to-1 related and might require finding the Canadian equivalent. This book also provides all the needed workbooks and charts to fill out and track your balances, etc. Recommendations throughout the book add to its value.