- Hardcover: 256 pages
- Publisher: Viking Canada; First Edition edition (Dec 28 2007)
- Language: English
- ISBN-10: 0670066885
- ISBN-13: 978-0670066889
- Product Dimensions: 21.6 x 15 x 2.3 cm
- Shipping Weight: 272 g
- Average Customer Review: 3.8 out of 5 stars See all reviews (13 customer reviews)
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Amazon Bestsellers Rank:
#112,511 in Books (See Top 100 in Books)
- #44 in Books > Business & Investing > Personal Finance > Retirement Planning
- See Complete Table of Contents
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Product Details |
Product Description
Review
As expected, the estimable economist Sherry Cooper provides sage financial advice to baby boomers contemplating their retirement. But surprise: she also draws from the latest literature in psychology and gerontology to offer wise counsel on how boomers can live the second half of their adult lives productively and in good health. Turns out we don't have to be millionaires for the best years of our lives to be the ones ahead of us. -- Michael Adams, bestselling author and president of the Environics group of research and communications consulting Michael Adams, bestselling author and president of the Environics group of research and communications consulting companies
As one would expect, Sherry's latest book is crisp, clear, focused, and laser-like in its ability to answer the questions that all of us had better start asking. The New Retirement offers just the kind of analysis and insight that both informs us and jolts us into taking action. -- Pamela Wallin
Sherry Cooper is a dynamo--bright, savvy--and literally redefines the way we view retirement and what lies ahead for us in this groundbreaking book. -- Don Tapscott, bestselling author of Wikinomics
With her usual combination of trenchant analysis and creative insight, Sherry Cooper draws a portrait that will redefine retirement and, indeed, society as we have come to know it. -- Allan Gregg, Chair, Harris/Decima Research
As one would expect, Sherry's latest book is crisp, clear, focused, and laser-like in its ability to answer the questions that all of us had better start asking. The New Retirement offers just the kind of analysis and insight that both informs us and jolts us into taking action. -- Pamela Wallin
Sherry Cooper is a dynamo--bright, savvy--and literally redefines the way we view retirement and what lies ahead for us in this groundbreaking book. -- Don Tapscott, bestselling author of Wikinomics
With her usual combination of trenchant analysis and creative insight, Sherry Cooper draws a portrait that will redefine retirement and, indeed, society as we have come to know it. -- Allan Gregg, Chair, Harris/Decima Research
Book Description
In The New Retirement, global economic strategist Sherry Cooper explains that the boomer generation will be reaching traditional retirement age very soon and the enormous wave of boomer retirees will crest in 2025. This phenomenon will profoundly affect the labour markets, the economy, and financial markets for decades. But will boomers retire they way their parents did? Will they work longer and transition gradually into semi-retirement?
Cooper tells us that boomers will redefine retirement with great energy and creativity, working well beyond age 65 and mostly by choice. With the dramatic rise in their longevity, healthy goal-driven boomers will seek purposeful leisure—focusing on regeneration, rejuvenation, and low-stress contributions to society and their own personal wealth.
Follow Cooper through her own journey to discover the route to financial security in this engaging and insightful read. Learn how the new retirement is about living well while achieving both monetary security and your personal goals.
The New Retirement is an indispensable roadmap to the best years of your life.
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Most helpful customer reviews
3 of 3 people found the following review helpful
5.0 out of 5 stars
New, fresh approach to an overworked topic,
By
This review is from: The New Retirement (Hardcover)
I've read several books on retirement planning and they all take one page worth of information and stretch it into a full length book. This book is different in that the information is accessible, concise and easy to find. The first half of the book reviews current demographics of the G8 countries and the economic implications, which made for fascinating but not essential reading. The remainder of the book gets down to the nitty-gritty of how much money you need and when you can safely retire. The "20-25 rule" is a great formula and something you can actually hang your hat on. If you are looking for answers to "how much?" and "when?" this is the only book you need.
1 of 1 people found the following review helpful
4.0 out of 5 stars
Some Sage Advice With a Couple of Caveats,
By Ian Gordon Malcomson (Victoria, BC) - See all my reviews (HALL OF FAME) (TOP 10 REVIEWER) (REAL NAME)
This review is from: The New Retirement (Hardcover)
For the most part, Sherry Cooper, investment vice-president for BMO, offers some helpful tips on how this wave of retiring baby boomers can preparing for the next thirty years of their lives. In her demographic analysis, Cooper repeatedly points to the late boomers (those born between 1955 and 1964) having not faired as well as their earlier counterparts, the early boomers. A freezing of some private pensions, divorce settlements, and economic downturns in the 80s and beyond have all contributed to a declining disposable income within this later group. Cooper then proceeds to lay out a number of strategies that will help a late baby boomerplan for retirement within the next decade. The book is full of formulas and figures that would have retiring Canadians looking at saving as much as 22X normal pre-tax income during their working life in order to retire at a similar standard of living. Well, we all know what a fanciful notion that is: Canadians, just like their American cousins, are not savers, and over a third can't even save 5X. That is why more and more Canadians are opting to stay in the workforce beyond their minimum retirement. It's when Cooper says that new retirees should look at getting as much as 5% on their investment portfolio during their retirement years to keep their savings intact that I smell a rat. The only place where you can get that kind of return right now is in the stock market and that is precisely where Cooper would like to see baby boomers put a hefty portion of their nest egg. That is a bit of departure from the conventional advice that would have my generation park their money in safe and security GICs and annuities. According to her, these two instruments won't cut it because they can't keep up with the rate of inflation. Your money will run out before twenty years. Her recommendations are, of course, biased because of her line of work. However, I see something important emerging in her counsels: like Jeff Rubins for Imperial Bank of Commerce, Cooper is fearful that an aging Canadian society is turning away from investing in the stock market because it is too risky, given the most recent developments with subprime mortgage defaults. Nowhere does she have any strategy for retirees handling rising inflation. That's one baffles even the big boys in Washington: how to grow your retirement portfolio in a climate of rising prices and shrinking currency value , which is where we are now. Overall, she raises enough valid points to get a person like me thinking about when and how I want to enter my retirement years. For the time being, however, I'll hold on to my decent paying job and benefits package.
1 of 1 people found the following review helpful
5.0 out of 5 stars
Excellent Read,
This review is from: The New Retirement (Hardcover)
Finally a book that is very easy to read and understand and not just for boomers, but for everyone, including young adults. As Dr. Cooper said, "Healthy older brains are better at dealing with complex situations that you have dealt with for many years, having the benefit of so much experience. Emotions can be more easily controlled, and the opportunity to feel joy and have peace of mind is greater than at any other time in our lives." This book is very positive and will change the way you think about retirement and to enjoy the last chapters of your life. It is a definite must read for everyone.
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