How to retire wealthy - no matter WHAT your current situation

New book from MoneySense offers smart, practical advice for Canadians of all ages

TORONTO, Oct. 25 /CNW/ - Just thinking about retirement planning can make your pulse start to race: How much do I need to save? Am I on track? What if I'm still in debt? How can I make sense of all the different advice I hear?

The MoneySense Guide to Retiring Wealthy provides a roadmap for Canadians of all ages, taking the anxiety out of retirement planning. Bursting with proven and practical retirement advice delivered in a friendly, straightforward manner, the 130-page volume comes from the trusted experts from MoneySense magazine-Canada's most-read personal finance magazine.

The MoneySense Guide to Retiring Wealthy is organized by life stage and includes real-life stories from Canadians-including overwhelmed thirty-somethings and late-blooming boomers-who got their finances in order using these proven financial strategies.

Highlights from the MoneySense Guide to Retiring Wealthy:

Your 20s: Building Potential
• Starting to save • Buying a vehicle • To rent or own? • Being credit-card smart

Your 30s: Under Pressure
Saving for your child's education • Embracing good debt • Can you afford to stay home with the kids? • Why not contributing to your RRSP now is okay

Your 40s: Catching Up
• Bouncing back from divorce • Investing in rental property • How you can take a year off work • A 10-minute guide to your pension • Crunching the numbers: calculating how much you will you need to retire

Your 50s: Suddenly Super Saving
Playing catch-up • Three traps to avoid (investments gone bad; interest rate nightmare; health-care scare) • Getting out of the rat race

Your 60s: Sweet Freedom
How far can you stretch your retirement savings? • Working in your 60s • Retire in luxury on $2,000 per month

Your 70s: A simpler life
Withdrawing from your RRSP • The up side of retirement homes • Plan your legacy

PLUS:
Six Steps to a Wealthy Retirement
How long will you live? Could the market crash again? If you're confused about how much you need to save, follow these six simple steps to a comfortable retirement. And don't worry: You don't need a million dollars.

Self-test: Are you on track?
Find out how your net worth compares to people just like you.

The MoneySense Guide to Retiring Wealthy ($9.95) is available now at Shoppers Drug Mart, Chapters, Walmart, Loblaws and on magazine newsstands across Canada.

About MoneySense:

MoneySense is Canada's personal finance and lifestyle magazine. Packed with smart features, practical advice and easy-to-follow financial tips on everything from home improvement to mutual funds, MoneySense attracts Canadians nationwide on the lookout for new ways to save, invest and spend. MoneySense.ca is Canada's best all-around personal finance website.

/NOTE TO PHOTO EDITORS: A photo accompanying this release is available at http://photos.newswire.ca. Images are free to accredited members of the media/

For further information:

Louise Leger
[email protected]
416-764-4125