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Frederick Vettese

๐Ÿ‘ค Speaker
392 total appearances

Appearances Over Time

Podcast Appearances

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

And then I retired in 2018.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

And then I just kept on writing those articles and actually a couple of more books from that point on.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

My most successful book probably would be Retirement Income for Life.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

I actually published that in 2018, the year of retirement.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

Yeah, I enjoyed that book immensely.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

And then my least successful book was two years later.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

The book I actually was kind of my coffin child, but the one I probably loved the most.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

But no one actually read it.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

And that was The Rule of 30.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

That's right.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

Mourneau-Chapelle, shortly after I retired, became Likeworks.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

That was just simply a name change because they bought some small U.S.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

business.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

And after Likeworks, they became Telus Health.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

Telus Health would have taken them over, I'm guessing, about four years ago or so.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

This comes down to what's often called the rule of 70 or the 70% in retirement income target.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

I don't even know quite where this came from.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

I've tried to chase it down a few times, but generally the industry will tell you, you need to save enough so that you can generate retirement income equal to at least 70% of your final average income just before you retire.

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

So let's say if you retired to keep numbers simple up with a hundred thousand dollars in income,

The Wealthy Barber Podcast
#54 โ€” Frederick Vettese: Retirement Planning Advice on CPP, Annuities and More

then you ought to have total retirement income of at least $70,000.