Well Canadian Capitalist and I must have similar posting schedules. He just posted his book review of this book yesterday with a contest as well.
Well it is rare to find a retirement book that gets me excited at all. After all when you have read dozens of them it starts to all blur together. Yet New Rules of Retirement by Warren MacKenzie and Ken Hawkins did manage to get me a little excited when in their introduction they stated:
Retirement is both a process and a life stage. In preparing for retirement, it is not enough to know how much money you will need, where you are going to live, or how you are going to spend your time. It is also necessary to understand that your attitudes, concerns, and emotions, as well as your financial needs, will change as you age.
I nearly dropped the book in excitement. Was this book at last going to be the one that strings everything I would love to see in a retirement book? No it wasn’t THAT good, but you know it is a damn close second. The book is just packed with interesting facts and statistics how how people live their retirement and factors people should consider when planning their retirement that don’t all involve money. They also spend a bit of time discussing how retirement has changed and evolved over the last twenty years so.
Another thing I really enjoyed about the book is the fact that during their discuss at the end of the book on either DIY investing versus getting help from an adviser (they do point out most people are actually using salesmen which causes a conflict of interest and typically high fees). It was a very well balanced discussion that points out in the end this is nothing wrong with either way. It’s a matter of choice.
Overall I did really like this book as it deals with how your retirement changes as you get older and how to prepare yourself for that a bit which is rare to see in a retirement book.
Now to the really good news, the authors kindly included a copy for me to give away. So to enter to win a copy of this book please leave a comment to this post with a vaild email address. As per usual one entry per person and only open to residents of Canada. This contest will close on Jan. 26, 2009 at 8 pm CST.