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Retirement Income for Life

Getting More without Saving More (Third Edition)

240 pages
Ecw Press

Canada’s most trusted resource on retirement income, updated for tumultuous times

As the global economy faces uncertainty in the face of high inflation — at levels seen only twice before in this century — and the specter of recession looms, individuals in retirement or near to it are understandably anxious about living well long-term. Canadians need the tools to make better-informed choices to turn their retirement savings into retirement income for life. This revised and updated edition:

  • Explains how higher interest rates and higher inflation present both new opportunities and 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 level-income 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.

Author Bio

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.