According to the survey from Ryerson University’s National Institute on Ageing (NIA), conducted in collaboration with HomeEquity Bank, 77% of Canadians within the 55-69 age demographic are worried about their financial health. Additionally, 79% of respondents aged 55 and older showed that their retirement income – through RRSPs, pension plans, and old age security – will not be enough to be a comfortable retirement.
Highlights
- Retirement Income for Life: Getting More without Saving More by Fred Vettese
- The Art Of Retirement: The Canadian Guide To Retirement and Beyond by Anthony Gordon
- Your Retirement Income Blueprint: A Six-Step Plan to Design and Build a Secure Retirement by Daryl Diamond
- The Essential Retirement Guide by Frederick Vettese
- Personal Finance After 50 For Dummies by Eric Tyson
There are many books available that can help seniors navigate the complex world of personal finance and investing. Here are a few examples of books that may be particularly useful for seniors:
“Retirement Income for Life: Getting More without Saving More” by Fred Vettese
Topics include the latest research and strategies for maximizing retirement income, including the use of annuities, Social Security, and other sources of retirement income. Vettese provides practical advice and tips on how to build a retirement income plan that is both efficient and effective, taking into account the reader’s individual goals, risk tolerance, and financial situation. The book also explores the impact of rising longevity and declining pension benefits, and how they affect the financial security of retirees. Whether you’re just starting to think about retirement or are already retired, “Retirement Income for Life” is a valuable resource that provides a comprehensive overview of the key considerations you need to keep in mind as you plan for a secure and sustainable retirement.
“The Art Of Retirement: The Canadian Guide To Retirement and Beyond” by Anthony Gordon
Topic includes financial planning, investing, government benefits, and lifestyle considerations, to help retirees make informed decisions about their financial and personal lives.
The book provides practical tips and advice on how to create a comfortable and fulfilling retirement, including strategies for reducing taxes, maximizing government benefits, and investing in a diversified portfolio. It also explores non-financial aspects of retirement, such as personal growth, relationships, and community involvement, to help retirees build a well-rounded and fulfilling life in retirement. Whether you’re just starting to think about retirement or are already retired, “The Art of Retirement” is a valuable resource that provides a comprehensive overview of the financial and personal considerations you need to keep in mind as you plan for your future.
“Your Retirement Income Blueprint: A Six-Step Plan to Design and Build a Secure Retirement” by Daryl Diamond
“The Essential Retirement Guide” by Frederick Vettese
Topics includes budgeting, investing, maximizing government benefits, and more to help retirees make informed decisions about their finances and ensure a safe, secure, and happy retirement.
It covers understanding the Canadian retirement landscape, budgeting and money management, investing for retirement, planning for long-term care and healthcare costs, reducing taxes in retirement, and planning for inheritance and estate planning. The book provides practical and actionable advice for Canadian retirees to help them achieve a comfortable and secure retirement.
“Personal Finance After 50 For Dummies” by Eric Tyson
Topics include saving for retirement, managing debt, creating a budget, investing, and estate planning. The book is written in an accessible and easy-to-understand manner, making it a great resource for those who may not have a lot of experience with personal finance.
Throughout the book, Tyson provides practical tips and advice on how to take control of your finances in order to achieve your financial goals and secure a comfortable retirement. The book is designed to be a comprehensive and helpful guide for seniors looking to better understand their finances and make informed decisions about their financial future.
Summary
These books are informative, straightforward and also a lot of fun to read. Not only do they give you the basics, but they also provide enough resources for seniors to take control of their finances by making informed decisions about their personal finances and retirement planning.
