Enough Bull: How to Retire Well without the Stock Market, Mutual Funds, or Even an Investment Advisor 2. wydanie

Marc Notes: The stock market crash of 2008 proved one thing: traditional retirement planning advice simply doesn't work. The risks are too enormous. Trusting the stock market is like gambling with your family's future. But how do you plan for retirement without risking everything? 'Enough Bull' shows you how, with an easy-to-understand, simple-to-apply strategy for a better retirement. Biographical Note: DAVID TRAHAIR, CPA, CA, is a speaker, national bestselling author, and financial columnist for "CPA Magazine." His other books include "Smoke and Mirrors: Financial Myths That Will Ruin Your Retirement Dreams, Crushing Debt: Why Canadians Should Drop Everything and Pay Off Debt," and "Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy Ever." He is known for his ability to explain the often-confusing world of personal finance in plain English. Canadians appreciate his no-nonsense style and the fact that his views are totally independent because he does not sell any financial products. He currently operates his own financial consulting firm and gives seminars on his books to accountants in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Nova Scotia. Jacket Description/Flap: The second edition of the national bestseller "Enough Bull" is revised to give you the most current information needed to plan for a safe and secure financial future. In "Enough Bull, Second Edition," David Trahair shows you a proven way to get ahead financially. And you don't have to be a genius or trust a financial expert to get there. He reveals why you should forget about traditional retirement planning advice such as believing the stock market will make you wealthy; paying your investment advisor fees over 2% a year; or borrowing to invest-"leveraging" your way to riches. Instead he offers sound and risk-free financial advice for you and your family!The truth is that the whole subject of personal finance has been made complicated because it makes money for the people that run the financial system. It is designed to be complex so that these financial types can continue to earn six-figure salaries--off the hard-earned savings of the little guy and gal. But how do you plan for retirement without risking everything? David Trahair gives you the financial savvy to: Put your money in 100% safe investments that will "never" declineGet out of mutual funds and the stock market, foreverTap into the "Tax Turbo-Charged RRSP strategy"Get ahead by starting your RRSP later in life--after age 50Calculate exactly how much CPP pension you can expectDodge the scams that lead to personal financial disaster"Enough Bull" is written in easy to understand terms and is simple to apply. With David Trahair as your guide, you will avoid all the money-draining traps and learn the investment lessons that will give you the financial security you need for the future. Table of Contents: Acknowledgements -- Introduction -- The Fall of 2008 -- Angry Yet? -- Why I Wrote This Book -- Your Retirement Journey -- Down the River -- Uh-Oh, It's the Niagara River -- Retirement Journey: Plan B -- Here's What They Don't Want You to Know -- Part 1. The Antidote -- The Antidote: A Six-Point Plan for Financial Freedom -- 1. Avoid Personal Financial Disasters -- 2. You Don't Need the Stock Market or Mutual Funds -- 3. Buy a Home and Pay Off the Mortgage -- 4. Reducing Expenses Doesn't Have to Be Painful -- 5. Forget RRSPs Until Your Debt Is Paid Off (the Opportunity Zone) -- 6. Ask Yourself if You Really Need an Investment Advisor -- Chapter 1. Avoid Personal Financial Disasters -- The Ponzi Scheme -- Bernie Madoff -- Our Very Own Canadian Fraud -- What Did the Average Victim Look Like? -- How Did Investors Become Involved in Eron? -- What Steps Did Investors Take Before Investing? -- Why Did They Invest? -- Where Did They Get the Money? -- The Lessons of Eron -- Extraordinary Popular Delusions -- Other Potential Disasters -- Credit Card Disease -- Taking Out a Mortgage on Your Home to Invest -- The Latest Stock Chase -- Trusting Your Friends -- Mortgage Fraud -- How to Prevent Personal Financial Disasters -- Conclusion -- Chapter 2. You Don't Need the Stock Market or Mutual Funds -- The Worldwide Economic Meltdown -- What's Next? -- What Caused the Meltdown -- The Vicious Spiral -- Who Wants to Be Rich? -- Why You Don't Need Stocks -- Why You Don't Need Mutual Funds -- Mutual Fund Risks -- Those Darned Mutual Fund Fees! -- 1. Fees and Expenses Payable Directly by You -- 2. Fees and Expenses Payable by the Fund or Portfolio -- The Puke Point -- How to Get Rid of Your Dog Funds -- A Word about Labour-Sponsored Investment Funds -- We Won't Get Screwed Again -- The Canada Deposit Insurance Corporation -- The Advantages of GICs -- Easy to Understand -- No Fees -- Flexible -- Insured -- Why They Try to Make GICs Complicated -- How and Why They Bash GICs -- The Laddered GIC -- Getting the Best GIC rates -- Consider a Deposit Broker -- Finds the Best Rates -- Saves Time -- Provides Advice -- You Don't Pay Fees -- Who Regulates Deposit Brokers? -- Fiscal Agents -- GIC Rates of the Future -- Chapter 3. Buy a Home and Pay Off the Mortgage -- Ya Gotta Live Somewhere -- Gains in Value Are Tax-Free -- Source of Cash -- Great Source of Retirement Funds -- Should I Buy a House? -- Can I Afford a House? -- Gross Debt Service Ratio (GDS) -- Total Debt Service Ratio (TDS) -- Just How Much House Can I Afford? -- Saving for the Down Payment -- Buying with Less Than 20% Down -- Pre-approved Mortgages -- What If I Don't Qualify? -- Your Credit Report -- What's in a Credit Report -- How to Get a Free Copy of Your Credit Report -- Getting Your Credit Report Online -- How to Improve Your Credit Score -- Your Home as an Investment -- The Best Investment I Ever Made -- Conclusion -- Chapter 4. Reducing Expenses Doesn't Have to Be Painful -- Reducing Interest -- The Spending Years -- Reducing the Amount of the Debt -- Debt and the Economy -- Reducing the Interest Rate on the Debt -- Reducing Taxes -- Pension Income Splitting -- Spousal RRSPs: Still a Useful Tool -- How to Calculate Your Tax Bill -- Happy New Year-Here's Your Reduced Paycheque -- Marginal Tax Rates -- Self-Employment-King of the Income Splitters -- Conclusion -- Chapter 5. Forget RRSPs Until Your Debt Is Paid Off (the Opportunity Zone) -- Pretend that the Stock Market Does Not Exist -- The RRSP Fallacy -- Compound This -- The Tax Turbo-Charged RRSP -- A Word About Your RRSP Limit -- Do You Trust the Stock Market? -- Those Ugly Fees -- Don't Put All Your Eggs in One Basket -- Conclusion -- Chapter 6. You May Not Need an Investment Advisor -- My Story -- What I Did Next -- What to Look For in an Investment Advisor -- Do You Have a Lousy Advisor? -- No Advisor Is Better Than a Bad One -- Henry's Story -- Conclusion -- Part 2. The Details -- Chapter 7. The Canada Pension Plan Question -- What Is the Canada Pension Plan? -- How They Calculate CPP Premiums -- How They Calculate the CPP Pension -- How the CPP Adjusts for Inflation: The YMPE -- CPP Pension -- You Must Apply to Start Receiving It -- My Service Canada Account -- My Service Canada Account epass -- How Do I Know How Much I'll Get? -- Money-Saving Tip: CPP Pensions -- CPP Pension Sharing Example -- When Should I Elect to Receive CPP? -- The Time Value of Money -- Starting the CPP Pension Before Sixty-five -- Money-Saving Tip: Self-Employment Income -- Money-Saving Tip: Employees -- Warnings -- Conclusion -- Chapter 8. The Money Maximizer -- Why Work Against the Taxman? -- The Value of Time -- The Time Value of Money -- The Money Maximizer Spreadsheet -- Meet Pat and Jane -- Pat and Jane: The Assumptions -- Pat and Jane: The Results -- Pat and Jane Try Income Splitting -- Putting the RRSP Start Late Theory to the Test -- Pat's Tax Turbo-Charged RRSP -- Conclusion -- Chapter 9. How to Recover From the Stock Market Crash -- The Devastating Effects of the Crash -- Are You Going to Through Good Money After Bad -- You Can Still Retire Well -- 1. CPP Pension Splitting -- 2. Electing CPP Early -- 3. RRSP/RRIF Income Splitting -- 4. Extending Your Retirement Date -- Other Ideas -- Conclusion -- Chapter 10. The Alternatives: Can anything Beat RRSP? -- A Common Misconception -- Alternatives to RRSPs -- Investing Outside Versus Inside an RRSP -- Investing in Real Estate -- Investing in Your Own Business -- Investing In a Tax-Free savings Account -- Main Features of the TFSA -- The TFSA as an Income Splitter -- Opportunity for Retireeas -- Does any one have $5,000 out side a Register Account? -- Why the TFSA is better Than an RRSP for Home Buyers -- The RRSP Home Buyers' Plan -- Keeping Profits in a Corporate -- Conclusion -- Chapter 11. The Antidote Summary -- 1. Avoid Personal Financial Disasters -- 2. You Don't Need the Stock Market or Mutual Funds -- 3. Buy a Home and Pay Off the Mortgage -- 4. Reducing Expenses It Doesn't Have to Be Painful -- 5. Forget RRSPs Until Your Debt Is Paid Off (the Opportunity Zone) -- 6. Ask Yourself if you Really Need an Investment Advisor -- Index. Publisher Marketing: Stop risking everything to make your investment advisor richThe stock market crash of 2008 proved one thing: traditional retirement planning advice simply doesn't work. The risks are too enormous. Trusting the stock market is like gambling with your family's future. But how do you plan for retirement without risking everything? "Enough Bull" shows you how, with an easy-to-understand, simple-to-apply strategy for a better retirement."Enough Bull" overturns the conventional wisdom about retirement planning, and offers the simple secrets to securing a comfortable retirement. In an accessible and straightforward style, this practical guide explains how it's possible to save for retirement starting later in life, retire comfortably on less money, and incur less risk. Updated to apply to both the U. S. and Canada, this new second edition offers a message of hope for average, cash-strapped baby boomers by detailing a step-by-step plan for avoiding all the traps, doing the exact "opposite" of what the major financial institutions recommend, and still coming out further ahead. Invest only in safe investments that will never declineGet out of the stock market and mutual funds "forever"Why waiting to save for retirement may beat starting earlyElect to receive the CPP pension at exactly the right ageAvoid the common scams that lead to financial disasterMore than ever before, retirees are frightened and stressed out about finances. There never seems to be enough to pay current bills, let alone save thousands in RRSPs and 401Ks, yet the large financial institutions bombard us with fearful messages of destitution unless we maximize our contributions. The truth is this makes them rich, and you poor. Cut through the noise, stop taking the bait, and discover how you can have a comfortable future without sacrificing the present. "Enough Bull" provides the plan, you just need to act.