Pensionize Your Nest Egg

How to Use Product Allocation to Create a Guaranteed Income for Life

By Moshe A. Milevsky, Ph.D. and Alexandra C. Macqueen, CFP

Three powerful economic clouds have slowly gathered on the horizon, set to unleash a colossal storm on Canadian Baby Boomers, Gen-Xers, Gen-Yers — and beyond.

The first cloud is declining pension coverage: a mere 30% of the Canadian labour force is part of a defined benefit pension, which guarantees a predictable lifetime of income that can’t be outlived.

The second cloud is demographic: the disappearance of traditional pensions is happening just as the number of Canadians 65-plus has reached an all-time high – with the number approaching retirement also at record levels.

The third is financial: the meagre personal savings Canadians have accumulated are nowhere near enough to finance a dignified retirement using conventional investment products – and RRSPs, RRIFs and other retirement accounts have been decimated by the poor performance of traditional mutual funds, abnormal volatility in financial markets and the “curse” of the sequence of investment returns.

In Pensionize Your Nest Egg (Wiley, August 2010) authors Moshe Milevsky and Alexandra Macqueen show you how to “pensionize your nest egg” by creating your own personal pension, a monthly income that lasts for the rest of your life. (Click here to view a video introducing the book.)

The book addresses:

  • How to recognize if you really have a pension – or just a tax-sheltered savings plan.
  • The new risks you and your nest egg face in retirement, and why asset allocation alone is not sufficient to protect you and your money.
  • How to follow a seven-step process – supported by a free calculator – to close your “Pension Income Gap” and convert your retirement savings into a secure stream of lifetime income.

Whether you do it yourself or work with a financial advisor, Pensionize Your Nest Egg gives you a simple plan to create a guaranteed retirement income for life.

  • Click here to download the errata for the first (August 2010) printing of Pensionize Your Nest Egg.

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