[New Book] Milk arrowroots and mittens, anyone?

Tuesday 19th September 2006

Warning: This book is intended to scare you. Its message is keep saving, but clean up your act when it comes to investing those savings for your retirement, or its milk arrowroots and mittens in Bluff for you.

Pension Panic will show you just how many investment advisers and managed funds rip you to bits, and help you to avoid the traps.

Author and economist, Gareth Morgan, dispels some of the mythology, hype and bluster that can cloud your judgement when it comes to planning for a secure future.

The logic of saving for your retirement is as brutal as it is simple. Most of us hope to retire - to stop having to work to fund our lifestyle. And most of us would like to live reasonably well in either part or full retirement. But who's going to pay?

New Zealand is on the brink of a retirement tsunami: a tidal wave of ageing baby boomers is about to swamp a dwindling number of taxpayers, making universal New Zealand Super likely to become a thing of the past.

Morgan says it's time to take the situation into our own hands, showing that none of the conventional approaches to providing for retirement is sufficient on its own to save us, but that some combination of them is our best hope.

�Providing for yourself will remain the critical component to achieving happy retirement,� says Morgan.

This book won�t tell you which horse to back or any kind of winning strategy to take to the casino.

It will tell you how to invest your life's earnings and help you to avoid the traps.

Pension Panic contains the punch and controversy that Gareth Morgan is well known for in his outspoken appearances on television, radio and in newspapers.

Pension Panic by Gareth Morgan, $29.95 is available through the Good Returns Book Shop (www.goodreturns.co.nz/books, email books@goodreturns.co.nz or call 0800 345 675)

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