You are previewing Enough Bull: How to Retire Well without the Stock Market, Mutual Funds, or Even an Investment Advisor, 2nd Edition.
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Enough Bull: How to Retire Well without the Stock Market, Mutual Funds, or Even an Investment Advisor, 2nd Edition

Book Description

Stop risking everything to make your investment advisor rich

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.

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 decline

  • Get out of the stock market and mutual funds forever

  • Why waiting to save for retirement may beat starting early

  • Elect to receive the CPP pension at exactly the right age

  • Avoid the common scams that lead to financial disaster

  • More 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.

    Table of Contents

    1. Title Page
    2. Copyright
    3. About the Author
    4. Acknowledgements
    5. Introduction
      1. The Fall of 2008
      2. Angry yet?
      3. Why I Wrote this Book
      4. Your Retirement Journey
      5. Down the River
      6. Uh-Oh, it’s the Niagara River
      7. Retirement Journey: Plan B
      8. Here’s What They Don’t Want You to Know
    6. Part One: The Antidote - A Six Point Plan for Financial Freedom
      1. 1. Avoid Personal Financial Disasters
      2. 2. You Don’t Need the Stock Market or Mutual Funds
      3. 3. Buy a Home and Pay Off the Mortgage
      4. 4. Reducing Expenses doesn’t have to be Painful
      5. 5. Forget RRSPs Until Your Debt is Paid Off (the Opportunity Zone)
      6. 6. Ask Yourself if You Really Need an Investment Advisor
      7. Chapter 1: Avoid Personal Financial Disasters
        1. The Ponzi Scheme
        2. Bernie Madoff
        3. Our Very Own Canadian Fraud
        4. Extraordinary Popular Delusions
        5. Other Potential Disasters
        6. How to Prevent Personal Financial Disasters
        7. Conclusion
      8. Chapter 2: You Don’t Need the Stock Market or Mutual Funds
        1. The Worldwide Economic Meltdown
        2. The United States
        3. The Recovery
        4. What Caused the Meltdown
        5. The Vicious Spiral
        6. Who Wants to be Rich?
        7. Why You Don’t Need Stocks
        8. Why You Don’t Need Mutual Funds - Risk
        9. Those Darn Mutual Fund Fees!
        10. We Won’t Get Fooled Again
      9. Chapter 3: Buy a Home and Pay off the Mortgage
        1. Can I Afford a House?
        2. Just How Much House Can You Afford?
        3. Your Credit Report
        4. Your Home as an Investment
        5. Conclusion
      10. Chapter 4: Reducing Expenses Doesn’t Have to Be Painful
        1. Reducing the Interest You Pay
        2. Debt and the Economy
        3. Reducing Taxes
        4. Pension Income Splitting
        5. Self-Employment – King of the Income Splitters
        6. Conclusion
      11. Chapter 5: Forget RRSPs Until Your Debt is Paid Off (The Opportunity Zone)
        1. Pretend the Stock Market Does Not Exist
        2. The RRSP Fallacy
        3. Compound This
        4. The Tax Turbo-Charged RRSP
        5. A Word about Your RRSP Limit
        6. Do You Trust the Stock Market?
        7. Conclusion
      12. Chapter 6: You May Not Need an Investment Advisor
        1. My Story
        2. What to Look for in an Investment Advisor
        3. For Those Who Have a Lousy Advisor
        4. No Advisor is Better than a Bad One
        5. Henry’s Story
        6. Conclusion
    7. Part Two: The Details
      1. Chapter 7: The Canada Pension Plan
        1. What is the Canada Pension Plan?
        2. How they Calculate CPP premiums
        3. How they Calculate the CPP Pension
        4. How the CPP adjusts for Inflation: The YMPE
        5. CPP Pension
        6. The New CPP Rules
        7. Drop-out Provision
        8. How to Apply for your CPP Pension
        9. My Service Canada Account
        10. How to Register for My Service Canada Account
        11. How to Calculate your CPP Retirement Pension
        12. Money Saving Tip – CPP Pension Sharing
        13. CPP Pension Sharing Example
        14. When Should I Elect to Receive CPP?
        15. Warnings
        16. Conclusion
      2. Chapter 8: The Money Maximizer
        1. Why Work Against the Taxman?
        2. The Value of Time
        3. The Time Value of Money
        4. The Money Maximizer Spreadsheet
        5. Meet Pat and Jane
        6. Pat and Jane: The Assumptions
        7. Pat and Jane: The Results
        8. Pat and Jane Try Income Splitting
        9. Putting the RRSP “Start Late” Theory to the Test
        10. Pat’s Turbo-Charged RRSP
        11. Conclusion
      3. Chapter 9: Retiring Without the Stock Market
        1. The Devastating Effect of the Crash
        2. Are You Going to Throw Good Money after Bad?
        3. You Can Still Retire Well
        4. Other Ideas
        5. Conclusion
      4. Chapter 10: You May Not Need an RRSP
        1. A Common Misconception
        2. Alternatives to RRSPs
        3. Investing Outside Versus Inside an RRSP
        4. Investing in Real Estate
        5. Investing in Your Own Business
        6. Invest in a Tax-Free Savings Account
        7. The TFSA as an Income Splitter
        8. Opportunity for Retirees
        9. Does Anyone Have $5,500 Outside a Registered Account?
        10. Why the TFSA is Better than an RRSP for Home Buyers
        11. The RRSP Home Buyers’ Plan
        12. Keeping Profits in a Corporation
        13. Conclusion
      5. Chapter 11: The Antidote Summary
        1. 1. Avoid Personal Financial Disasters
        2. 2. You Don’t Need the Stock Market or Mutual Funds
        3. 3. Buy a Home and Pay Off the Mortgage
        4. 4. Reducing Expenses doesn’t have to be Painful
        5. 5. Forget RRSPs Until Your Debt is Paid Off (the Opportunity Zone)
        6. 6. Ask Yourself if You Really Need an Investment Advisor
    8. Index
    9. End User License Agreement