Your Retirement Income Blueprint: A Six-Step Plan to Design and Build a Secure Retirement Paperback – Apr 19 2011
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From the Back Cover
"Daryl's easy-to-use, step-by-step process is your blueprint for creating a sustainable retirement income stream and enjoying a financially worry-free retirement. When it comes to creating your retirement paycheque, Daryl Diamond is the expert. His book is a must-read for all boomers."
—Patricia Lovett-Reid, Senior Vice-President of TD Waterhouse Canada Inc., and host of BNN's MoneyTalk
Anxiety about retirement finances is running high for anyone approaching the end of their working life, made all the more urgent by a perfect storm of jarring recent events and uncertain economic conditions. Historically low interest rates and resulting lower returns on investments, significant changes to the Canada Pension Plan in 2012 that will affect those 60-65 in particular, and government debt increasing just when demand for medical care will begin skyrocketing-all point to tough times ahead for retirees. How can retirees afford to retire, let alone enjoy their retirement, in years to come?
Your Retirement Income Blueprint offers proven strategies that show you how to:
- Combine government and personal sources of income most efficiently
- Determine which assets to use first and which to defer
- Preserve government benefits and entitlements that are often needlessly wasted or lost
- Create results that are more survivor- and estate-friendly than traditional approaches
- Greatly reduce taxes on retirement income and the aggregate estate
Your Retirement Income Blueprint was written with boomers in mind, because boomers are increasingly aware of the importance of retirement income planning, but they can't find the knowledge and expertise they need, even among professional financial planners. Covering topics from consolidating your assets to creating sustainable income, this book is the foundation for making the most out of what you have taken a lifetime to save.
About the Author
Daryl Diamond is a recognized leader in the financial services industry. His practice, Diamond Retirement Planning Ltd., focuses on advising pre-retirement and retirement clients on the income structures, investment strategies, and estate conservation issues that are unique to those groups. He is active in educating advisors and their clients on retirement planning. He runs seminar programs and has designed training programs for three large Canadian financial institutions-Standard Life, Dynamic Mutual Funds, and the Royal Bank-to educate advisors on retirement income planning.
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Top Customer Reviews
This book is very heavy going particularly in the various tax implications. That's because it's written by a financial expert who advises clients on how to structure their various retirement income sources most efficiently from a tax and estate planning perspective. It's just too technical for the average reader to absorb but it does give potential retirees some idea of what they need to consider and what to discuss with their advisers. This book could have used more baby steps in explaining the various tax terms and concepts to laymen.
To me, the subtitle (A Six-Step Plan to Design and Build a Secure Retirement) would indicate this book is a participatory workbook or planner where it actually leads you step-by-step through a process to come up with a plan. Beware: it does NOT do this even though there is a PDF form on the associated website that could theoretically help.
After reading this book I have come to one conclusion: The withdrawal of income from the many available retirement assets, in the most tax efficient manner possible, is far too complex to be done by the average person. This is unlike the accumulation years where things like asset allocation within a RRSP are much easier to grasp and could be done by anyone who's interested.
Just find yourself a good adviser in these matters.
Bonus is the online updates as tax and CPP, OAP etc regulations change.
I was reassured that most things I was doing were to best tax advantage and able to modify plans for the ones that weren't.
Got two more copies for friends.
Most recent customer reviews
Full of wisdom, expertise and excellent advice. A must read for any Canadian who is near, or in, retirement !Published 15 months ago by Ingrio
Best book I have seen yet on how to organize your retirement income stream, as opposed to how to invest to accumulate your retirement nest-egg.Published 23 months ago by Michael Dean
There was very little information in the book that wouldn't be just plain common sense to most everyone. Not good value for the moneyPublished on May 17 2014 by Les Ashdown
its exactly what I needed for this point in my life. Very sound strategy and allows me to understand fully the plan my advisor and I are developing.Published on Dec 25 2013 by brian h swanson
The title says it all. The book is a complete overview of the complex issues everyone will face in the WITHDRAWAL years as opposed to the ACCUMULATION years of personal finance. Read morePublished on Nov. 1 2013 by Kim Elhatton
Any person coming up to retirement should read this book and be aware of it's contents. It's extremely well written, concise, factual, easy to read and understand.Published on Sept. 2 2013 by Michael Carpenter