TheWorriedBoomerDerek Foster is back again with his sixth book – The Worried Boomer (link).  While his first five books were mostly about investing, this one a little bit different where it’s all about retirement.

Who is Derek Foster?

Derek Foster is known as Canada’s Youngest Retiree when he retired at the young age of 34. How did he do this? Through starting young and sticking with his investment plan of buying strong dividend paying stocks. He feels very strongly about his strategy and rightly so as he has achieved great success. His first book Stop Working: Here’s How You Can is a Canadian Best Seller.

Foster currently lives off and supports his family through dividend distributions, book sales, and speaking engagements. Note that he retired before publishing his first book. You can read more about him in my book review of Stop Working: Here’s How You Can and an interview we had with Derek Foster.

About the Book

As the title suggests, this easy to read book is about retirement and how to simplify what’s made out to be a complicated topic.  How much is enough for retirement?  The traditional model for retirement income, or what the financial services industry wants you to believe,  is 70% of working income.  Similar to myself,  Derek is a believer in calculating expenses for upcoming retirement first, then figuring out the income required to support your lifestyle.  You can see some of my own calculations in my early retirement series.

The book includes work sheets so that you can work through your personal scenario.  This book also does a good job simplifying the various income options that Canadian seniors have available to them such as government benefits, pensions, annuities, and stocks/equities.  I recommend this book for people who are approaching retirement and/or anyone interested in learning the nuts and bolts of retirement in an easy to understand manner.

The chapter outline includes:

Part 1: Lights

  • Normal problems, novel solutions!

Part 2: Camera

  • Spending your way to poverty?
  • Finishing your vegetables before enjoying dessert!
  • Is work a four letter word?
  • You see $20 on the sidewalk, do you pick it up?
  • Your financial toolbox, which tools do you need?
  • A pension plan for you, even if your employer doesn’t offer one!
  • Your basic retirement checklist.
  • How much would you pay for a good nights sleep?
  • Giving gifts – Do it right!

Part 3: Action

  • Retirement action workbook

Want a Free Copy?

The author is offering Million Dollar Journey readers the chance to win a free copy of the book.  The details are below:

  1. New and Existing Money Tips Newsletter Subscribers will be drawn at random for a free book (you can subscribe here). (+1 entry)
  2. Leave a comment in this post by clicking here. (+1 entry)
  • Only one comment entry per person (valid email addresses only please – privacy policy).
  • Contest will end Sat 5pm EST Dec 3, 2011 and the winner, drawn randomly, will be contacted shortly after!

171 Comments

  1. Eric Chin on December 2, 2011 at 12:37 am

    Thanks for giving us hope that retirement early is possible. Count me in the book draw.

  2. Tony on December 2, 2011 at 5:26 am

    His first book has been and will always be an inspiration for me.

  3. Michael on December 2, 2011 at 9:38 am

    Excellent, would love a free read of this!

  4. Chris Inch on December 2, 2011 at 9:46 am

    Please sign me up for the book giveaway. I always love a great contest.

  5. Cameron on December 2, 2011 at 9:58 am

    Working in the financial industry I see too many people that focus on the small things, yet have no idea that they could be paying 1-2% more on crappy mutual funds that might be costing them 5-10,000 more a year in fees, for poor poor advice.

  6. Rob on December 2, 2011 at 10:19 am

    Sign me up, this’;d be a great christmas gift for my dad!

  7. Luc richard on December 2, 2011 at 11:58 am

    thanks for the contest.

  8. Sandra on December 2, 2011 at 12:04 pm

    Retirement advice is always appreciated. Would love to read Derek’s book.

  9. Matthew Gip on December 2, 2011 at 12:09 pm

    This book sounds like it would be a lot of help to many boomers faced with issues as a result of the 2008 crisis.

  10. sharp21 on December 2, 2011 at 12:15 pm

    Retired at 34! I’ve only got a year to get started… ;)
    S.

  11. Jeanne on December 2, 2011 at 2:36 pm

    Great. I would love to have a free one to read!

  12. SarahT on December 2, 2011 at 5:11 pm

    Thanks for the opportunity to win this book. Keep up the great work on the blog!

  13. Tina on December 2, 2011 at 10:37 pm

    Looking forward to reading your book, and hopefully being one of the lucky winners!

  14. Kay Lynn on December 3, 2011 at 12:32 am

    Sounds like an interesting read. Hope to win!

  15. Frank on December 3, 2011 at 9:07 am

    Please, I need this book! :-)

  16. MrT on December 3, 2011 at 2:01 pm

    This is the kind of information everyone needs. Sign me up!!

  17. Robin on December 3, 2011 at 4:36 pm

    Guess I’ll try my hand at winning the book as well. (Own his previous book, which is superb!)

  18. Brock on December 5, 2011 at 1:05 pm

    I would love to read it, thanks!

  19. orlando on December 5, 2011 at 6:30 pm

    i like free stuff!!

  20. John on December 6, 2011 at 4:02 pm

    Would love to read the book… if I don’t win, I’ll get it from the library :-)

  21. Keith on December 7, 2011 at 5:28 am

    Would love to win a free book !

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