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Your Retirement Income Blueprint: A Six-Step Plan to Design and Build a Secure Retirement
Updated with new rates and strategies, Your Retirement Income Blueprint - 2nd Edition is Canada's best selling guide to retirement income planning for consumers and advisors alike. As more and more Canadian boomers are approaching retirement, the transition from accumulating assets in their working years to creating a reliable stream of income in retirement is becoming a t ...more
ebook, 256 pages
Published April 15th 2011 by Wiley
(first published April 14th 2011)
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Fabulous! I have been looking for a book like this for years. After planning and achieving an early retirement, I have been unable to get anyone (either financial advisors or active retirees) to explain the best way to "spend" our savings to make it last without wasting a lot on taxes and inefficiencies. Mr. Diamond's definitions of flexible and inflexible souces of income, topping up tax brackets and pros and cons of holding on to registered funds for the tax free growth have made the whole pro ...more
I need a book like this in about 10 years - how to effectively transition from income accumulation to income withdrawl. Some of it went over my head and I skimmed a couple chapters. Things I want to remember: 5% withdrawl rate, pay attention to my net income and how it will reduce my OAS benefit and affect my tax bracket - in 2011, the sweet spot was $32,961 for net income with no reduction in benefits. Take a closer look at the Cash Wedge strategy and health insurance needs for when I'm retired ...more
An outstanding guide for anyone plus or minus five years or so either side of moving from capital accumulation, to living off those assets. The prescriptive style is clear, well-explained and practical. Highly recommended for anyone who cares/worries about potentially outliving their income sources.
excellent at helping you think through the issues and taxation focus of retirement. People worry about the MER or cost of funds but then "throw away" money by not thinking about taxation in retirement. Also practical eg what are the top 10 things you want to do while healthy...for eg.
Phenomenal book to give Canadians a more thorough understanding of the planning tools needed for retirement. Conceptualizing what retirement may look like as well as how to maximize the value of your assets and government programs is one of the highlights of Daryl's book.