arrow23 Comments
  1. Jim Yih
    Oct 05 - 11:42 pm

    Thanks for the review Ram! I really appreciate the reviews even if it did not make you gasp!

  2. larry macdonald
    Oct 05 - 11:42 pm

    Thanks for link. That gasping was in the metaphorical sense!
    I liked the advice in the book to try out, before retiring, those places you dream of spending your golden years at and/or the things you envision doing.

  3. brad
    Oct 06 - 4:25 am

    Vanguard recently published an interesting article with a similar title: Lessons About Retirement–Learned in Retirement, by Stan Hinden, a former reporter for the Washington Post. Some of his lessons are US-specific, of course, and none of them were big surprises, but it’s always interesting to get the perspective of someone who’s “been there.” Here’s the link: https://retirementplans.vanguard.com/VGApp/pe/pubnews/StanHinden.jsf?SelectedSegment=BuildingWealth

  4. [...] This post was mentioned on Twitter by Canadian Capitalist, Jim Yih. Jim Yih said: RT @CCapitalist: Book Review of my book : 10 Things I Wish Someone Had Told Me About Retirement http://bit.ly/bQepat [...]

  5. Dr. Dale Rathgeber
    Oct 06 - 9:09 am

    Good post about a good book. I have a lot of respect for Jim Yih in particular. “Retirement pornography” is a great descriptor of much of the current approach to promotion of financial products available today — — especially expensive ones like Guaranteed Minimun Withdrawal Benefi plans, annuities, equity-linked notes etc.

  6. Michael James
    Oct 06 - 9:11 am

    The book sounds like it is worth a read. The quote “retirement pornography” is apt. Commercials with 40-year-olds with their hair died gray playing tennis are annoying. I’ll see if this book ever breaks into my list of about 20 books I haven’t yet read but intend to read.

  7. Robert
    Oct 06 - 9:45 am

    “[However], I think leverage as we call it, is over-promoted and oversold. It is time to change the way we think about debt. Instead of going into more debt — even if it is good debt — we should start focusing on paying down our other debts first”

    I think this is an understatement. Not a few financial institutions base their business plan on having financial salespeople talk customers into mortgaging their house to buy investments, creating a huge payday for the saleperson and his firm, but putting the financial plan of the customer and their family at greater risk. Even “good debt” is a two-edged sword. Anyone contemplating using debt in their financial plan should get two second opinions: one from your parents and one from a financial advisor (who you don’t plan to work with).

  8. Canadian Capitalist
    Oct 06 - 10:24 am

    @Jim: I was deeply impressed with this book. You and you co-authors have done a wonderful job.

    @Larry: I had a co-worker who did just that. He liked to call it retirement on an installment plan. Given that a retired lifestyle is reportedly quite different from a working lifestyle, it makes a lot of sense to have a trail run first.

    @brad: Interesting interview. We are hearing a lot about annuities these days, aren’t we?

    @Dale, @Michael: Yes, retirement porn is a very apt term. Not to pick on TD Bank, but here are some retirement imagery from them:

    http://www.tdretirement.com/pictureyourdreams.aspx

    @Robert: My opinion of leverage is closer to yours as well. But, I still give points to this book for not falling for the usual rah-rah about leverage.

  9. Michael James
    Oct 06 - 10:28 am

    The TD images are funny. Perhaps as a counterbalance we should ask them to include pictures of a colonoscopy and hip-replacement surgery.

  10. Jim Yih
    Oct 06 - 4:57 pm

    Thanks to everyone for the comments. Writing this book was a lot of fun and special thanks goes out to my two co-authors. When I use the term ‘retirement pornography’ in my workshops it always gets a chuckle and creates quite a discussion.

  11. Invest It Wisely
    Oct 06 - 5:08 pm

    Nice points. Retirement really should be about achieving personal freedom, not achieving whatever it is that the advisor is trying to paint for you. I am also wondering about borrowing to invest. With interest rates as low as they are, that could easily be the next bubble to come.

  12. Financial Cents
    Oct 06 - 8:58 pm

    I’m looking forward to reading it. I will add it to my growing list!

    @Michael James – totally agree – ads with 40-somethings playing tennis or sailing their boats drive me bonkers.

  13. Next LinkStuff
    Oct 07 - 9:12 pm

    [...] Capitalist really liked the book 10 things I wish someone had told me about retirement. Book written by Jim [...]

  14. dj
    Oct 08 - 12:09 pm

    Michael James……”The TD images are funny. Perhaps as a counterbalance we should ask them to include pictures of a colonoscopy and hip-replacement surgery.” …..maybe TD could show us how to move up waiting list!…..but the real funny TD ad’s are the one’s targeted to Gay’s …I’m just waiting for those two old guys too lock lips.

  15. tw
    Oct 08 - 12:37 pm

    Thanks for the review,

    I plan to purchase this book and read it. I’ve been to one or two presentations by Jim Yih and he knows his stuff. Also attended a retirement course taught by Rein Selles (one of the co-authors) and I have plans to attend this course again get an update on the various retirement trends.

  16. Jim Yih
    Oct 08 - 3:21 pm

    @tw – Thanks for the compliment! I can fool some but not all!

  17. [...] Book Review: 10 Things I Wish Someone Had Told Me About Retirement (Canadian Capitalist) [...]

  18. [...] Canadian Capitalist reviews 10 Things I Wish Someone Had told me about Retirement [...]

  19. [...] personal finance writers. This week I am especially thankful to Rob Carrick, Larry MacDonald and Canadian Capitalist for their comments and reviews of my book 10 Things I Wish Someone Told me about Retirement. I [...]

  20. [...] “The book has an interesting structure. One author kicks off the discussion on a topic and the others chime in later in a roundtable format. As each author works in a different field — Rein Selles is a Retirement Planner, Jim Yih is a Financial Expert and Patricia French is a Family Finance Expert — they each bring an unique perspective to the subject under discussion.” To read the entire review, visit the MoneySense Blog [...]

  21. [...] Things I Wish Someone Told Me About Retirement“. This book has gotten some great reviews from Canadian Capitalist and Larry MacDonald and was featured in one of Rob Carrick’s Personal Readers. This book is [...]

  22. [...] to plan for their retirement or already planning it will find this book to be invaluable.” Canadian Capitalist Personal Finance Blogger, [...]

  23. [...] or Financial Pornography”.  It often gets peoples attention.  In fact, when  Canadian Capitalist reveiwed my book “10 Things I Wish Someone Told Me About Retirement” he references the [...]

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