The New Book – What Do You Want to See?

So when I previously wrote my first book, Free at 45, I did plan to write a follow up book.  The trouble was I wasn’t entirely sure what form that should take for a number of years and therefore I started and stopped a few times on the project.  That was until I retired last year and realized that despite there being a LOT of books on planning for retirement there were very few on what happens after you retire.  So that was my plan…write a book that mainly deals with life after retirement (and yes some of the things leading up to it as well). I want to write a book that is useful for anyone regardless of what age they retire at.

The book doesn’t have a final title yet but I do have a draft table of contents and the book is about half written right now.  I’m still finishing some research for the book so everything isn’t totally firmed up yet.  So dear reader here is  your chance to provide some input on what you want to see.  Feel free to suggest a book title and/or chapters or sections you want to see in the book.  I’m also asking most retirees I meet a single question that I would like you to answer as well: what did you wish you knew prior to your retirement?

And as a bonus to anyone is provides me a title for the book that I love so much that I use it…I will mention your contribution in the acknowledgements and send you an advanced ebook copy of the book prior to its publication date which will occur sometime in 2019.

Thank you in advance for your ideas and input.

Table of contents – Draft

Introduction – An overview of my story and what the book is about.

Part 1 – The Vision

Chapter 1: So what does retirement look like to you?

Chapter 2: What if you don’t know what you want to do in retirement?

Chapter 3: Retire Life is Not as Advertised – A summary of how just about everyone has the wrong idea on what retirement looks like from the media.

Part 2 – The Money

Chapter 4: Money Matters – The basics of you need to know prior to being able to retire like what is your spending, what are you invested in, etc.

Chapter 5: How much money do you need to retire anyways? The 4% rule explained and other considerations.

Chapter 6: Managing Your Retirement Money.  How managing you money changes after you leave work the shift from growth to income investing.

Part 3 – The Happy Factors (Health, Hobbies and Social)

Chapter 7: The Science of Happiness. Overview of research on happiness and its impact on your retirement.

Chapter 8: Get Happy Now (Before Retirement). How to get started on being happier now before you even retire.

Chapter 9: Getting and Staying Healthy. Highlights of relevant research on being healthy and its contribution to your happiness.

Chapter 10: New and Old Friends. How friendships can change with retirement.

Part 4 – Pre-retirment Count Down

Chapter 11: How exactly do you retire anyways? An overview of giving notice, getting paperwork prepared and using up your benefits prior to leaving.

Part 5 – Retired At Last, Now What?

Chapter 12: The Detox or Adjustment Period.  An overview of the initial retirement phase and adjustments.

Chapter 13: The Toxic Workplace Recovery Plan. A chapter devoted to those that are leaving a toxic work environment and special considerations to your first few months off.

Chapter 14: The Play Structure. How you need some structure in your retirement.

Chapter 15: Retirement Productivity. How lazy is too lazy and adjusting your expectations of yourself.

Chapter 16: All the Time in the World. How to actually use all this time in your week to do things.

Chapter 17: Staying Married in Retirement. Dealing with suddenly spending much more time with your spouse.

Chapter 18: Shades of Work. How work in retirement isn’t a bad thing depending on how you do it.

Chapter 19: Past the Detox Phase. After hitting a good routine for retirement what happens next.

Chapter 20: The Early Retiree Problem. When your retirement is longer than your working career and how do you deal with that.

15 thoughts on “The New Book – What Do You Want to See?”

  1. I know your book is about retirement, but I would love to see more about investing. I am reading investment books now (currently the Wealthy Barber Returns) and they always talk about reducing your spending etc. (which I already do).

    What I really want to learn about is what to look for in funds, what some of the acronyms mean especially in regards to ETFs and stock purchases. Do you look for high dividends or MER or all of it? I know no one can say “buy this fund”, but I would like some kind of guideline of what to look for to help decide.

    I tried talking to my friends (we’re almost in our mid 40’s) about this stuff and they had less of a clue than I do!! One even asked me what a TFSA was!! I was shocked!

    Sorry, this may be too simplistic for your book. Looking forward to it!

  2. Hurry up and finish the book!! It sounds great.
    I’m maybe 3 – 4 years from pulling the pin, and I’m struggling with dearly wanting to retire and feeling scared that I’ll get bored and lonely. I know it’s irrational, as everyone I’ve ever met who has retired says that life is wonderful, but I still have the nagging feeling that I may regret retiring “too soon”.
    I don’t know if you’ve already discussed this in what you’ve already got, but anyway… thought I’d throw it out there. I can’t be the only one, surely!

  3. I ditched the job about 6 months ago. I’m now looking for (and not finding) information on how to pull out my money. It’s divided into RRSP, TFSA and taxable accounts. I’m looking for information on how to slowly pull it out, in the most tax efficient manner and still have it properly balanced. Perhaps this is too ‘tax heavy’ a subject for your book, but its what I need now.

  4. I too am very interested in the money aspect. I retired at 44 a couple years ago and would be interested in your thoughts on asset allocation adjustments and strategies for a continuous income stream after retirement. Instead of a 4% rule, I aimed for 3% to be more comfortable. This is especially important if retiring early as you need more of a safety net to allow your funds to last 20 years longer.

    My spouse continues to work (perhaps for 1 more year), so our asset allocation has not really changed. We are 90% equities but I’m slowly shifting more towards fixed income, especially with the rise in interest rates, we are now able beat inflation with a HISA or GIC.

    I think tax planning for early retirees is an interesting topic.
    This year I have converted my RRSP into a RRIF and will be drawing down a bit each year to minimize tax consequences. Spreading this out over 25 years, I hope to pay little to no taxes on this portion of income. I also need to balance this with my dividends and capital gain, which determines what trades I do at the end of each year. My priorities will be to draw down RRIF first, then non-Reg and leave the TFSA as long as I can – hopefully as a gift to my kids when I’m gone.

    Another aspect of early retirement is having kids still at home. This aspect is never talked about in any book I have seen and would be an interesting chapter.

    One thing I wish I knew is how seamless it was for me and that I should have done it earlier.

    I’m looking forward to your new book.

    Suggested title: Freedom Past 45: A Common Sense Guide to Post Early Retirement

  5. I trust you will give an honest review of the 4% rule for withdrawals in that it does not apply to the RRSP/RIF minimal withdrawal rates which are mandated by the government. You can always withdraw a higher percentage if you wish. The last year you can get 4% from those accounts is at age 65. After that it increases every year.
    Withdrawal rates can only be varied to your hearts desire with your TFSA and non-registered accounts.
    PLEASE state the facts!
    Budgeting is the major factor in determining how much you will need after retirement. Once you can safely establish that then you can deduct your (hopefully) company pension, OAS and CPP/QPP from that amount. Anything left is what you will need to get from your own RRSP/TFSA or non registered accounts. A word of advice. Establish your current static (hydro, house taxes, car ins/licensing including drivers licence, etc, etc) expenses. Increase them by 10% for inflation. Then you have to guesstimate your variable expenses – food, hobbies, restaurants, trips, etc, etc. Better to go high with those than low. Ex.: I estimated $2K per year for house maintenance. I do not spend $2K per year but over 10years I probably will spend the money on some major item such as heating or a new roof.
    So go high on you budgeting and hopefully you will have a fairly good guesstimate of the fixed cost but also the “fun” costs of retirement.

    RICARDO

  6. Love it Tim! Just being able to follow you along your journey inspires me and my girlfriend. She is fully retired and I am semi-retired and can pull the plug at anytime. Thanks to you, your blogs and books makes this time our lives so much easier to go through.

    I’ll be one of the first to buy your new book.

    For me, you hit the nail on the head so often I can’t make any new suggestions but something like Vanguard ETF’s Funds I believe is a must for any diy and low MERs is key in the long term.

    Take good care.

  7. Thanks for giving us the preview Tim! I’m definitely interested in a lot of the chapters you mentioned, especially those in Part 2, 3 and 5. I agree with some of the comments about elaborating on investing and in general managing our money post retirement.

    I’m also interested in how one should deal with unexpected situations. An example would be the recent market correction which you have responded with a great blog recently. Another example would be unexpected health issues. Right now I’m not on any extended health insurance or life insurance or dental insurance because I don’t know if / when I’ll need it. I’m not sure if it’s worth buying now. This is probably the most uncertain factor for me since leaving a corporate job. It might be difficult to come up with all these unexpected scenarios now but if you have any good advice that can help avoid the panic, it would be great to include it in your new book! So in addition to Happy Factors, there can always be Surprise Factors. =)

  8. I agree with Veronica! Information about how to use your money wisely after retirement in regards to how to pay the smallest amount of taxes.

  9. I would like to read this book because you talk about the real stuff. Like that the superstar MMM , who is always bragging about living the happiest possible life with little spending , in fact is multimillionnaire , and just got divorced…! But he doesn’t mention it. You know when I see that I realize all the B.S. in personal finance blogs.. I want to see real people and what really happens when you try to live only on your nest egg, the relation with the wife, the feelings that cone with being FIREd good and bad. The true stuff. Hope this book shows all this, not only the stars and rainbows 🙂

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