{"product_id":"9781119111122","title":"The Essential Retirement Guide A Contrarian's Perspective","description":"\u003ch1\u003eThe Essential Retirement Guide\u003c\/h1\u003e\u003ch2\u003eA Contrarian's Perspective\u003c\/h2\u003e\u003ch3\u003eFrederick Vettese\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Personal Finance \/ Retirement Planning\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eRetirement planning is difficult enough without having to contend with misinformation. Unfortunately, much of the advice that is dispensed is either unsubstantiated or betrays a strong vested interest. In \u003ci\u003eThe Essential Retirement Guide, \u003c\/i\u003eFrederick Vettese analyses the most fundamental questions of retirement planning and offers some startling insights. The book finds, for example that:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eSaving 10 percent a year is not a bad rule of thumb if you could follow it, but there will be times when you cannot do so and it might not even be advisable to try.\u003c\/li\u003e \u003cli\u003eMost people never spend more than 50 percent of their gross income on themselves before retirement; hence their retirement income target is usually much less than 70 percent.\u003c\/li\u003e \u003cli\u003eInterest rates will almost certainly stay low for the next 20 years, which will affect how much you need to save.\u003c\/li\u003e \u003cli\u003eEven in this low-interest environment, you can withdraw 5 percent or more of your retirement savings each year in retirement without running out of money.\u003c\/li\u003e \u003cli\u003eYour spending in retirement will almost certainly decline at a certain age so you may not need to save quite as much as you think.\u003c\/li\u003e \u003cli\u003eAs people reach the later stages of retirement, they become less capable of managing their finances, even though they grow more confident of their ability to do so! Plan for this before it is too late.\u003c\/li\u003e \u003cli\u003eAnnuities have become very expensive, but they still make sense for a host of reasons.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn addition, \u003ci\u003eThe Essential Retirement Guide\u003c\/i\u003e shows how you can estimate your own lifespan and helps you to understand the financial implications of long-term care. Most importantly, it reveals how you can calculate your personal wealth target - the amount of money you will need by the time you retire to live comfortably. The author uses his actuarial expertise to substantiate his findings but does so in a jargon-free way.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cp\u003e\u003cb\u003eFREDERICK VETTESE\u003c\/b\u003e is the Chief Actuary of Morneau Shepell, one of the largest human resources consulting and technology companies and one of the top five defined benefit pension plan providers in North America. Fred has spent his entire career providing retirement consulting and actuarial services in respect of workplace pension plans. Much of his professional time these days is spent in the public eye, speaking at professional conferences and writing on retirement issues for the national newspapers and other media. In his spare time, Fred struggles enthusiastically with both his golf game and his piano. He was born and raised in Toronto, Canada, where he continues to reside with his wife Michelle. \u003c\/p\u003e\n\u003cp\u003e\u003ci\u003eThe Essential Retirement Guide\u003c\/i\u003e is Fred’s second book. In 2012, Bill Morneau and Fred co-authored \u003ci\u003eThe Real Retirement\u003c\/i\u003e, a book that explained why Canada was not suffering a retirement crisis. Fred can be reached at \u003cb\u003efvettese@morneaushepell.com.\u003c\/b\u003e \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e02 December 2015\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781119111122\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e288\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e16.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44379973845132,"sku":"9781119111122","price":26.1,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119111122.jpg?v=1780171885","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781119111122","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}