Your Retirement Income Blueprint: A Six-Step Plan to Design and Build a Secure Retirement - Softcover

Daryl Diamond

Softcover

ISBN 10: 1118087526 ISBN 13: 9781118087527

Publisher: Wiley, 2011

Synopsis

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 top-priority issue for a huge segment of the population. Your Retirement Income Blueprint is an antidote for Canadians who are generally ineptly advised, under-serviced, and over-charged by advisors on planning retirement income. Based on the author's specialized experience in retirement income planning, this book will help readers to work through the many stages of their retirement and adapt their income plans to account for constantly changing health and family issues. The book will help you to:

• Combine government and personal sources of income most efficiently
• Determine which assets to use first and which to defer
• Preserve government benefits and entitlements that are in many cases needlessly wasted or lost
• Create results that are more survivor- and estate-friendly than traditional approaches
• Greatly reduce taxes on retirement income and to the aggregate estate.

Your Retirement Income Blueprint  lays out a six-step process for "taking apart" accumulated assets, making the most out of what you have taken a lifetime to save, and creating an income that lasts as long as you do.

About this title

From the Back Cover

"Daryl's easy-to-use, step-by-step process is your blueprint for creating a sustainable retirement income stream and enjoying a financially worry-free retirement. When it comes to creating your retirement paycheque, Daryl Diamond is the expert. His book is a must-read for all boomers."
—Patricia Lovett-Reid, Senior Vice-President of TD Waterhouse Canada Inc., and host of BNN's MoneyTalk

Anxiety about retirement finances is running high for anyone approaching the end of their working life, made all the more urgent by a perfect storm of jarring recent events and uncertain economic conditions. Historically low interest rates and resulting lower returns on investments, significant changes to the Canada Pension Plan in 2012 that will affect those 60-65 in particular, and government debt increasing just when demand for medical care will begin skyrocketing-all point to tough times ahead for retirees. How can retirees afford to retire, let alone enjoy their retirement, in years to come?

Your Retirement Income Blueprint offers proven strategies that show you how to:

• Combine government and personal sources of income most efficiently
• Determine which assets to use first and which to defer
• Preserve government benefits and entitlements that are often needlessly wasted or lost
• Create results that are more survivor- and estate-friendly than traditional approaches
• Greatly reduce taxes on retirement income and the aggregate estate

Your Retirement Income Blueprint was written with boomers in mind, because boomers are increasingly aware of the importance of retirement income planning, but they can't find the knowledge and expertise they need, even among professional financial planners. Covering topics from consolidating your assets to creating sustainable income, this book is the foundation for making the most out of what you have taken a lifetime to save.

About the Author

Daryl Diamond is a recognized leader in the financial services industry. His practice, Diamond Retirement Planning Ltd., focuses on advising pre-retirement and retirement clients on the income structures, investment strategies, and estate conservation issues that are unique to those groups. He is active in educating advisors and their clients on retirement planning. He runs seminar programs and has designed training programs for three large Canadian financial institutions-Standard Life, Dynamic Mutual Funds, and the Royal Bank-to educate advisors on retirement income planning.

Edition details

• Publisher: Wiley
• Publication date: 2011
• ISBN 10: 1118087526
• ISBN 13: 9781118087527
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 256