Tuesday, November 8, 2011

How Canadians can retire wealthy—no matter WHAT their current situation


MoneySense book offers smart, practical advice to get Canadians of all ages on track for a prosperous retirement

TORONTO, November 8, 2011 /Canada NewsWire/ - Yes, you can have the retirement of your dreams—even if, right now, you're not where you think you should be financially.

Retire Wealthy: A Financial Plan for Canadians of All Ages provides a lively and easy-to-follow roadmap that shows you what you need to do to secure your future. Bursting with proven and practical retirement advice delivered in a friendly, straightforward manner, the 200-page volume comes from the trusted experts from MoneySense magazine—Canada's most-read personal finance magazine.
Retire Wealthy: A Financial Plan for Canadians of All Ages is organized by life stage and includes real-life stories from Canadians—including overwhelmed thirty-somethings and late-blooming boomers—who got their finances in order using these proven financial strategies.

Highlights from Retire Wealthy: A Financial Plan for Canadians of All Ages:

Your 20s: Building Potential


• Starting to save • Buying a vehicle • To rent or own? • Being credit-card smart

Your 30s: Under Pressure

Saving for your child's education • Embracing good debt • Can you afford to stay home with the kids? • Why it's OK not to contribute to your RRSP now

Your 40s: Catching Up

• Bouncing back from divorce • Investing in rental property • How you can take a year off work • A 10-minute guide to your pension • Crunching the numbers: calculating how much you will you need to retire

Your 50s: Suddenly Super Saving

Playing catch-up • Three traps to avoid (investments gone bad; interest rate nightmare; health-care scare) • Getting out of the rat race

Your 60s: Sweet Freedom

How far can you stretch your retirement savings? • Working in your 60s • Retire in luxury on $2,000 per month

Your 70s: A simpler life

Withdrawing from your RRSP •The up side of retirement homes • Plan your legacy

PLUS:

Six Steps to a Wealthy Retirement


How long will you live? Could the market crash again? If you're confused about how much you need to save, follow these six simple steps to a comfortable retirement. And don't worry: You don't need a million dollars.

Self-test: Are you on track?

Find out how your net worth compares to people just like you.

Retire Wealthy: A Financial Plan for Canadians of All Ages ($19.95) is available now at Chapters, Shoppers Drug Mart, Loblaws, London Drugs, Walmart Canada, Presse Commerce, BC Ferries, Hudson News, Paradis and at bookstores and newsstands across Canada.

About MoneySense:

MoneySense, Canada's personal finance and lifestyle magazine, was named Magazine of the Year by the National Magazine Awards in 2011. Packed with smart features, practical advice and easy-to-follow financial tips on everything from home improvement to mutual funds, MoneySense attracts Canadians nationwide on the lookout for new ways to save, invest and spend. MoneySense.ca is Canada's best all-around personal finance website.


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