9780470675748

The one book your bank REALLY does not want you to read.More than ever before, Canadians are frightened and stressed out about their retirement and financial future. With the mortgage, car payments and credit card bills, there never seems to be enough to pay the current bills let alone save thousands in RRSPs. At the same time, the large financial institutions are bombarding us with fearful messages of destitution unless we maximize our RRSP contributions.The stock market crash of 2008 has proven one thing: traditional retirement planning advice simply doesn't work. The risks are too enormous. Throwing money into RRSPs and trusting the stock market is like gambling with your family's future. But how do you plan for retirement without risking everything? In Enough Bull, David Trahair explains: How to invest only in 100% safe investments that will never decline How to get out of mutual funds and the stock market - forever The "Tax Turbo-Charged RRSP strategy" - why you should wait until you are over 50 to start your RRSP Exactly what age to elect to receive the CPP pension How to avoid the scams that lead to personal financial disasterEasy to understand and simple to apply, Enough Bull shows Canadians how to avoid all the traps and why doing the exact opposite of what they have been told will leave them much further ahead.www.enoughbull.ca

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
The Antidote
The Antidote: A Six-Point Plan for Financial Freedom
Avoid Personal Financial Disasters
You Don't Need the Stock Market or Mutual Funds
Buy a Home and Pay Off the Mortgage
Reducing Expenses Doesn't Have to Be Painful
Forget RRSPs Until Your Debt Is Paid Off (the Opportunity Zone)
Ask Yourself if You Really Need an Investment Advisor
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
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!
Fees and Expenses Payable Directly by You
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
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
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
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
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
The Details
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
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
How to Recover From the Stock Market Crash
The Devastating Effect of the Crash
Are You Going to Throw Good Money After Bad?
You Can Still Retire Well
CPP Pension Splitting
Electing CPP Early
RRSP/RRIF Income Splitting
Extending Your Retirement Date
Other Ideas
Conclusion
The Alternatives: Can Anything Beat an 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 Retirees
Does Anyone Have $5,000 Outside a Registered Account?
Why the TFSA Is Better Than an RRSP for Home Buyers
The RRSP Home Buyers' Plan
Keeping Profits in a Corporation
Conclusion
The Antidote Summary
Avoid Personal Financial Disasters
You Don't Need the Stock Market or Mutual Funds
Buy a Home and Pay Off the Mortgage
Reducing Expenses It Doesn't Have to Be Painful
Forget RRSPs Until Your Debt Is Paid Off (the Opportunity Zone)
Ask Yourself if You Really Need an Investment Advisor
Index
Table of Contents provided by Publisher. All Rights Reserved.

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

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