It’s Our Duty as Canadians to Help our Banks get Richer, Fatter, and More Arrogant
Well, the banks, brokers, financial institutions and many investment advisers might like you to believe this, but there’s no good reason to be their newest sucker. Self-Counsel Press has just published the 2nd edition of the Canadian best-seller, Smoke and Mirrors: Financial Myths that will Ruin Your Retirement Dreams by the high-profile and controversial Chartered Accountant, David Trahair. It’s our David versus their Goliath.
So successful was the 1st edition (over 10,000 copies sold) — and so angry were the banks and many investment advisers that we dared to look behind the curtain to see the real Oz, — we considered putting David Trahair into a witness protection program!
With RRSP season just around the corner, the release of this new edition is timely. By giving practical tips on how to get your financial house in order, David Trahair shows that retiring comfortably can cost much less than you think.
The updated edition of Smoke and Mirrors, offers a contrarian’s approach to cutting through the jargon and myths perpetuated by many financial advisers — often to the detriment of the average Canadian. Smoke and Mirrors gives the reader the ammunition they need to fight back against the scare tactics and “rule of thumb” selling methods used by banks and financial planners to earn lucrative commissions by sucking money out their client’s pockets. Also, the updated CD ROM contains a new Excel spreadsheet called “The Retirement Optimizer” which allows readers to enter their own personal information, play with the variables and calculate how much they really need to retire comfortably.
The 2nd edition also includes a new chapter “The RRSP Trap”. In it, readers will discover that many people who fall for the RRSP myth (maximize your contributions even if you have to borrow) will end up with an RRSP that is actually too big! In the end this forces them to take out and pay tax on more money than they need after age 69 and possibly pay back the Old Age Security Pension – the only free money around!
People in the financial industry are going to like this book even less than the 1st edition. The average Canadian, however, will find the messages invaluable. Pay down your debt before making RRSP payments and above all fight back and take control of YOUR money. Randy Borron, Vice President and Director of Royal LePage Commercial Inc. sums it up:, “If you plan to retire and live the Canadian dream – as most of us do – read this book…It will shift your beliefs on how best to achieve financial freedom…these pages are easy to read, easy to understand and easy to recommend.”
Publicity Contact:
Tessa Vanderkop – tessav@shaw.ca – tel. 604 708-9033