In the face of government changes, financial market volatility, and an aging workforce, Canadians are understandably concerned about the impact on their finances and their future retirement. This reassuring book debunks the generally-accepted claims about necessary savings rates, which can cause paranoia among those beginning to contemplate retirement. The authors offer greater insight into planning approaches that are not widely understood, demystifies retirement targets (age, savings, income), and outlines concrete approaches to maximizing retirement savings.

Offers practical advice for dealing with the changes to Canada's retirement system
Includes advice for calculating your Neutral Retirement Income Target
Contains solid financial advice in accessible language
Written by the Executive Chairman and Chief Actuary of Morneau Shepell Canada's national actuarial consulting firm

The Real Retirement offers a down-to-earth guide for preparing for comfortable retirement and shows what it takes to achieve it.

Auteur

Fred Vettese has been Chief Actuary of Morneau Shepell for the past 21 years; has over 30 years of experience with national actuarial consulting firms; and is editor of, and primary contributor to, Morneau Shepell's newsletter, Vision. He has written op-eds for the National Post and Globe and Mail and is frequently quoted in both newspapers. He has appeared on various radio programs including CBC's The Current. He has written many pension articles for other journals, speaks regularly at national conferences such as the Conference Board of Canada, and is a member of the C.D. Howe Pension Policy Board. Bill Morneau is Executive Chairman of Morneau Shepell. Under his leadership, the firm has grown from 150 to 2,500 employees. He is actively engaged with clients across the entire spectrum of Canadian business and government in their pension and benefit management. He sits on, and is chair of, several boards, including St. Michael's Hospital in Toronto, the C.D. Howe Institute, AGF Management Ltd. and AGF Trust Company. He holds a B.A. from the University of Western Ontario, an M.Sc. (Econ.) from the London School of Economics, and an M.B.A. from INSEAD in Fontainebleau, France.

Résumé
Straight Talk and solid retirement advice for all Canadians In the face of government changes, financial market volatility, and an aging workforce, Canadians are understandably concerned about the impact on their finances and their future retirement. This reassuring book debunks the generally-accepted claims about necessary savings rates, which can cause paranoia among those beginning to contemplate retirement. The authors offer greater insight into planning approaches that are not widely understood, demystifies retirement targets (age, savings, income), and outlines concrete approaches to maximizing retirement savings.

Offers practical advice for dealing with the changes to Canada's retirement system
Includes advice for calculating your Neutral Retirement Income Target
Contains solid financial advice in accessible language
Written by the Executive Chairman and Chief Actuary of Morneau Shepell Canada's national actuarial consulting firm
The Real Retirement offers a down-to-earth guide for preparing for comfortable retirement and shows what it takes to achieve it.

Contenu

Preface xi

Chapter 1: Crisis? What Crisis? 1

Chapter 2: Understanding the FoundationPensions 13

Chapter 3: Understanding the FoundationHealth Care 31

Chapter 4: Our Best Days are Behind Us 43

Chapter 5: When Can We Retire? 55

Chapter 6: How Workers Will Respond 65

Chapter 7: Deciding When to Retire 75

Chapter 8: The Three Phases of Retirement 85

Chapter 9: We are Better Prepared than We Thought 93

Chapter 10: Your Retirement Income TargetWhy You Don't Need 70 Per Cent 103