You might think that because of government involvement you can sit back in your lawn chair and wait for the money from CPP and OAS to pour in when you turn 65, or whenever it is you plan to retire. But it's more complicated than that. The Pension Puzzle explains how to shelter your pension from taxes, what happens if you decide to retire early or late, how to manage it as you balance the other two legs of your plan, and other contingencies. Fear mongerers (especially those who disparage government intervention) would have you believe that government pensions will go broke before the current bulge of baby boomers can collect. But the authors--personal finance journalist Bruce Cohen and actuary Brian Fitzgerald--show that there is no chance the system will break down. They also illuminate the complexities of employer-sponsored pensions, including the pros and cons of defined benefit and defined contribution. (The authors conclude that defined contribution is more advantageous early in your career when you are more likely to move around, while defined benefit is better when you are older and less likely to switch jobs.) In all, Pension Puzzle is the definitive primer for getting the most out of your various pensions. --Edward Trapunski
"Spending each day as you choose and getting monthly cheques to pay for it is neither boring nor painful, yet the mention of pensions brings on tension. Bruce Cohen and Brian FitzGerald are right on the money with a sensible, straightforward, and practical guide to how much you can expect, where it will come from, and whether it will be enough. Don't leave work without it."
— Michael Kane, The Vancouver Sun