Tuesday, August 25, 2009

Retirement Income - how much?

I read with interest today "Unveiling The Retirement Myth" by Jim Otar - a fellow Canadian Financial Planner. You can get a downloadable version of the book for $3.99 at http://www.retirementoptimizer.com/

What his book boils down to - using average rates of return to determine how much money you can take out of your investments to fund retirment is a quick way to go broke before you die. I totally agree!

This is the one area where there has always been contention with clients. I'm not going to review the book here - there's plenty of those to go around. What I will say is that this is probably the best single source of getting to the answer I've found.

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