The format is to tackle news, educational or advocacy topics on a bi-weekly basis (although, I have initially started out with a twice-weekly blog). The readers have the opportunity to agree/disagree, correct/enhance or just raise questions about the topic(s) discussed, by clicking on Contact Peter.
While the primary focus will be from a Canadian perspective, most of the content is applicable to U.S. based readers as well.
Why participate RetirementAction network?
Unless you are independently wealthy you must plan, implement and monitor your “private retirement plan” with the clear objective to secure your desired lifestyle in retirement. What are my goals? How much do I need to save? Will my investment strategy achieve my goals? What pot-holes must I avoid and risks minimize? Will I run out of funds during retirement? Should I crimp my retirement lifestyle to insure that I leave an inheritance?
While there are no general or guaranteed answers to these questions, since the future by definition is unpredictable and individual value systems differ, there are objective (and subjective) ways to analyze these questions, to increase our level of comfort with the possible outcomes and the likelihood of their occurrence. Society (or the government) does not owe us a comfortable retirement. It’s up to each one of us to plan for what we would like and have the wisdom to live within what’s affordable by the resulting means.
What do I bring to this network?
I retired in 2002, after almost thirty years working as an engineer, manager and then executive in telecommunications R&D. While I have a Ph.D in Electrical Engineering, I was always also interested in the financial world. However, due to work and family pressures, I had the opportunity to delve deeply in a formal finance related study only after retirement. The collapse of telecom industry, coincidental with my retirement, has reinforced my interest in financial related matters not just as an intellectual pursuit, but also as a means to better understand how to manage my personal financial affairs, and assist others to better manage theirs in order to achieve some level of control over their financial destinies. In the summer of 2006 I successfully completed the three levels of study toward the Chartered Financial Analyst designation offered by the CFA Institute and I am a CFA charterholder.
In addition to authoring this pro bono website, I started providing research and consulting services to investment management firms in 2009.