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Pensionize Your Nest Egg: How to Use Product Allocation to Create a Guaranteed Income for Life
Pensionize "Verb." 1. To convert money into income you can't outlive. 2. To create your own personal pension, a monthly income that lasts for the rest of your natural life.With the subpar performance of the markets, record-high personal debt levels, and shockingly low savings rates, it's clear that many Canadians expecting to retire in the next decade simply don't have a s ...more
ebook, 256 pages
Published October 8th 2010 by Wiley
(first published August 30th 2010)
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There are many books on investment. There are few that tackle the withdrawal phase. This is one of them. Milevsky is an accomplished academic in the financial planning, risk management and insurance fields, and he has the ability to communicate clearly in terms that most of us can understand. Of note, this book is cowritten with Alexandra MacQueen, who is a very helpful regular at the online Canadian Money Forum. The analysis and explanation are required knowledge for people who want a sustainab ...more
Seemed objectively written, with explanations of the risks around retirement income and some good ideas to think about when approaching retirement income planning. Contains an introduction to annuities and some the newer life insurance company products that guarantee an income for life with other benefits, and how they can be used to reduce the risk that your nest egg will be depleted too early. A lot of the planning centers around the "Retirement Sustainability Quotient (RSQ)" which provides a ...more