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Average rating: 4/5

Based on 3 ratings

NEW RULES FOR RETIREMENT

by Warren Mackenzie

HarperCollins Publishers Ltd | December 22, 2008 | Trade Paperback

The financial advice industry—including banks, mutual fund and insurance companies—has a vested interest in our hard-earned savings. Industry advisors are constantly warning us that we may not be financially prepared for retirement. And, feeling anxious about our future, we become convinced that it’s a good idea to let them handle our money. After all, they seem to have all the answers. But retirement planning today isn’t the same as it was in the past. We’re living longer, leading more active lives, with more options about how we want to live once employment is no longer the main focus. For the 1.6 million Canadians who will be retiring in the next five years, the questions at play are more complex than “How much do I need to retire?”
    Industry veterans Warren MacKenzie and Ken Hawkins have seen firsthand the mistakes that Canadians make in their financial preparations for the future. In The New Rules for Retirement, they offer simple, unbiased advice while at the same time debunking the many myths surrounding retirement.

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This item is found in: Retirement Planning

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3 years ago

I am not quite a baby boomer, but I am not far from it and, of course, what is mainly on my mind these days is the economy but more specifically, my retirement.

Unfortunately, we were not, in my opinion, a generation that was encouraged to save at a young age. We did not have all of the information at our disposal that the younger generation has at theirs when it comes to retirement and saving money. Therefore, I find myself scrambling a little bit to catch up.

I like reading book like the New Rules for Retirement, because I do believe, indeed, that the retirement picture has seriously changed from when my grandparents or even my parents retired.

Author MacKenzie gives us a great overview of what this picture now looks like. He also goes into great detail about how to achieve the best retirement possible and does some numbers crunching for us.

I also found myself thinking "that's a good idea" on more than one occasion.

Fortunately, Mackenzie has taken the emotion out of looking at what retirement is and encourages us to look at it honestly and calmly. He also argues that there is more than just 1 way to retire and takes a look at some other options.

I found myself feeling better after having read this book - I also found a few good ideas that I am implementing.

This is a great read and best of all, it is directed at the Canadian retirement picture.

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