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52 Ways to Wreck Your Retirement... and How to Rescue It

New book from BMO Retirement Institute's Tina Di Vito takes the fear out of retirement planning

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2011) -

Editors Note: There is a photo available with this Press Release.

Tina Di Vito, Head of BMO's Retirement Institute, has authored a new book entitled 52 Ways to Wreck Your Retirement…and How to Rescue It (Wiley; October 2011). In it, Di Vito walks readers through 52 things they can do – one item per week for a year – to take the fear out of retirement planning. The book is being officially launched this evening at an event in Toronto.

"The first thing you need to do is get a plan in place," said Ms. Di Vito. "Not having a plan means you don't know how much you need to save, what your retirement income will be, and what your retirement will cost."

Here's what people are saying about 52 Ways to Wreck Your Retirement…and How to Rescue It:

"Di Vito's first foray as an author is a must-read. What we do today determines our tomorrow. This book is a step-by-step plan for what could be the best years of your life – retirement!"
-- The Honourable Pamela D. Wallin, O.C., SOM
"As a result of global uncertainty and volatility, financial matters have become increasingly complex, but Tina's book will give you the confidence to make better financial decisions and is a superb resource for any Canadian looking to understand how to better prepare for retirement."
-- L. Jacques Ménard, O.C., O.Q., LLD, Vice-Chair of the Task Force on Financial Literacy, Chairman BMO Nesbitt Burns, President BMO Financial Group, Quebec
"I used to joke about self-wrecked RRSPs but now Tina Di Vito's new book shows us 52 ways to wreck your retirement. More to the point, she lays out 52 compelling ways to rescue it."
-- Jonathan Chevreau, Financial Post columnist and author of Findependence Day

Ms. Di Vito is available for interviews to talk about how to avoid wrecking your retirement, with tips including:

  • Why taking too long to pay off your mortgage can hurt your retirement plans
  • What to do if you enter retirement house-rich but cash-poor
  • Understanding Old Age Security, Canada Pension Plan, or Quebec Pension Plan and not over- or under-estimating how much you're entitled to
  • How a TFSA can help you grow your retirement savings
  • What's the best strategy - paying down the mortgage or contributing to your retirement fund?
  • When you should start saving for retirement

Don't put your retirement at risk. Rescue it with 52 tips to get you on track.

About the Author

Tina Di Vito, CA, CFP, TEP, CSA is the Head of the BMO Retirement Institute, leading the research and creation of industry-leading white paper reports on retirement issues facing Canadians. With more than 20 years of experience helping Canadians plan for and live in retirement, Tina has worked with High Net Worth families and run workshops and seminars for Canadians of all levels of prosperity. As the main media relations contact for the BMO Retirement Institute, she has been on Canada AM, Global Television, BNN, and has been interviewed by The Globe and Mail, the Financial Post, the Toronto Star, Wall Street Journal online, Investment Executive and Advisor.ca. She has also been consulted by government committees at the Federal level.

About the BMO Retirement Institute

The BMO Retirement Institute was established in 2008 to provide thought-provoking insight and financial strategies for individuals planning for, or currently in, their retirement years. The Institute investigates and conducts research on retirement issues that Boomers face, and brings these issues to light through in-depth white paper reports, special reports, client articles, newsletters and videos. To learn more about the Retirement Institute, please visit: www.bmo.com/retirementinstitute.

About Wiley

Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Our core businesses publish scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners.

To view the photo associated with this release, please visit the following link: http://www.marketwire.com/library/20111019-bmo1020-800.jpg.

For further information:
Media contacts:
BMO Financial Group:
Amanda Robinson
416-867-3996
amanda.robinson@bmo.com

Wiley:
Deborah Guichelaar
416-236-4433 x53013
dguichel@wiley.com