Planning can help you make sure your retirement savings will last
…A 2018 book I like even better is Retirement Income for Life by Frederick Vettese, chief actuary with pension firm Morneau Shepell in Toronto for 26 years. “Drawing down one’s savings in retirement is something very few retirees do well, even with the help of professional advisers. Some retirees outlive their money,” Vettese says in the preface. This wasn’t a mainstream issue until recently, he notes. But with more than 1,000 Canadians turning 65 every day, cultivating good decumulation practices has suddenly become an urgent matter.
Read more on the Toronto Star.