8 of 9 people found the following review helpful
Excellent Resource for Investors Seeking Certainty,
This review is from: Pensionize Your Nest Egg: How to Use Product Allocation to Create a Guaranteed Income for Life (Paperback)
This is the first book I've read that tackles the problem so directly: How are we supposed to create reliable retirement income when market returns are so unreliable? (The answer, by the way, is to use a portion of your portfolio to purchase an annuity.)
The authors walk you through how to use annuities to create your own personal pension--guaranteed income that will last the rest of your life, just like the title says. They give you a step-by-step plan to determine how much income you need and how much of your portfolio you should annuitize in order to provide that income.
The book is very readable--hardly any jargon and no complicated math. My only complaint, if any, would be that it's a bit light on the specifics of how to choose between different annuities. (For example, which riders are worth their cost?)
Highly recommended for any soon-to-retire (or recently retired) Canadian investor.
(8 customer reviews)
CDN$ 26.95 CDN$ 16.98