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!
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I liked all of Dereks books and his first one, stop working, was a huge inspiration for me. I will put this new book on reserve at the library.

This would be a great book to pass along to my parents.
I’m pretty sure I already subscribe via newsletter!

I like Derek’s book on dividends, so this sounds great to me.

Sign me up for the giveaway :)

Greatly enjoyed all Derek’s books and have started along the path of “Stopping Working” even though I’m “over the hill”.

sure sign me up. Should be an interesting read/excercise

Sounds like a good read, I also subscribed for the newsletter!

Sounds like an interesting read.

Could definitely use this one for my parents!! Is there a book for “Boomers worried kids?”

I want free book!

Sounds interesting. I liked his book on dividends. Could use this one for my parents.

I enjoyed reading his last book, very simple premise and I lend this to rookie investors.

I am in the same scenario (no pension plan) so I will need to be careful planning my pension.

Would like to see how this book takes planning to a whole new level.

Thanks!

sounds like a good book

Sounds like a good read. Thanks for the giveaway!

Free book, why not

I have read and liked all of Derek’s books and his first one was a great read and a huge inspiration to me. I would love to have this free book too.

Sign me up for the draw as well.

Looking forward to reading this book as I have enjoyed all of Derek’s other books. I will enjoy this one even more if I am lucky enough to win it!

I bought all of Derek books. I’d like to add this to my collection.

I got his first book and it is a good one. I’m want this one as well.

Good luck to all! :)

Sign me up. However, one must remember that being an author and a speaker is, indeed, working!

I would really enjoy this book :-) Thanks!

I am sure I can learn and help others from reading this book .

Love Foster. I’m also on track to collecting $25,000 in dividends per year. I think it will take me about 10 to 15 years to get there. I was inspired by Foster’s approach and can’t wait to read his latest book.

worried boomer is worried she won’t win a copy of this book!

I’ve read three of Mr. Foster’s books. I would love to add this to my collection.

Yes!!! I need to read this.

Free book! Woohoo! 8-)

I first heard of dividend investing through Foster’s initial book. Would love to read about his thoughts on retirement!

“Worried Boomer” definitely describes me, please include me in the contest FT – Thanks!

I just put a number of his books on hold at the library (Sorry, but buy very few books now!). This one isn’t available yet, but I’m sure the others will be helpful. And I’ll just continue to watch for it.

I have two of his five books which got me started off investing properly. I would love to add this to my collection of investment books.

I`m new to investing so I`m trying to learn as much as I can.
I find Derek`s info very valuable

I’d love to win this new book. Recommend Derek’s other books – am applying what I learned.

I’m a boomer, 56, planning to retire soon but the stock market has definitely delivered me a blow and I’m nervous and scared to retire now with future yields on capital approaching zero… The book would be of paramount importance to me and very helpful in relieving my anguish…

Keep the great articles coming!!

Pick me! I could use the financial help… :)

Would love to have this!

I’ve been a fan of Dereks since his first book, before I knew what a dividend was. Ive got the whole set now. Just waiting for the next one!

Please count me for the giveaway!

I have some concerns about my retirement and would appreciate a copy of the book. Please consider me for the giveaway.

Looks like the type of book I am looking for. Told my son we are going to spend his inheritance ;-)

Hi – I already subscribe to MDJ and enjoy it thoroughly. I have just retired (age 61) and could really use the information in Derek’s latest book. Thanks Derek and please keep all your great info coming!

Count me in on the free give-away.

I have read all of Dereks books and find his writing style to be rough around the edges but straight forward, well thought out, and with good content. I already had been practicing most of what Derek writes about but his books help simplify the concepts to explain to family. I find the books help internalize proven concepts that are simple, but difficult to practice consistently for the vast majority of irrational investors.

I’ll take a free book

This sounds like a great read. Thanks for the fine intro to Derek’s latest book.

I already have the book, however I’m not finished reading it, but another one would make a great gift. I have all of Derek’s books and learned something from every one and recomend them to anyone who will listen

I haven’t read any of Foster’s books. I will check him out!