52 Ways to Wreck Your Retirement identifies 52 things we do that could wreck our retirement, explains why it puts your retirement at risk, and provides the strategy to correct the mistake, or better still, avoid it entirely.
52 Ways to Wreck Your Retirement is not a feel-good book about how wonderful retirement will be or an alarming fear-mongering book about dying broke, nor is it a get-rich-late-retirement solution. Quite simply, it is an easily-accessible and practical guide written for Canadians of all ages that gives you the tools you need to better manage the financial and personal aspects of your retirement.
I work as an educator in the group retirement industry and like reading books about retirement planning. This one just came out last month and is written by the head of one of the competitors of the company I work for.
The book covers all areas of retirement and has 11 parts:
- Starting to plan for retirement
- Mistakes around investing
- Mistakes around debt
- Saving for retirement
- Living in retirement
- Spending in retirement
- Paying too much tax
- New realities about retirement
- Protection planning
- Not asking for help
It's a good book if you are looking for a high level explanation of everything from Canada's government programs (C/QPP and OAS), accumulation and payout plans, the effect of the sandwich generation, downsizing your home, etc.