52 Ways to Wreck Your Retirement

52 Ways to Wreck Your Retirement

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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.If you do a lot of travelling, for instance to the U.S., you should consider applying for a U.S.-dollar credit card. ... But when you pay only the minimum amount, the interest on the purchases just keeps adding up, and it will take you a very long time to pay off the balance. ... 3Credit card calculator used: www.fcac.gc.ca/iTools -iOutils/CreditCardCalculator-eng.aspx 1An inflation calculator can be C17.indd 92anbsp;...

Title:52 Ways to Wreck Your Retirement
Author:Tina Di Vito
Publisher:John Wiley & Sons - 2012-01-09


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