Sort of retirement plan
Mar 28th 2018, 11:52 am
#151
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Joined: Feb 2009
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Re: Sort of retirement plan
An interesting thought provided by N2O would be to invest our capital in a high interest investment.
So let’s say we sell our house in four years for $750,000 move out of town and buy a house for approximately $250,000 which is doable in Cornwall or wherever for a nice bungalow then invest the 500,000 remaining and live on 40,000 a year if we could get a 8-9% return.
So let’s say we sell our house in four years for $750,000 move out of town and buy a house for approximately $250,000 which is doable in Cornwall or wherever for a nice bungalow then invest the 500,000 remaining and live on 40,000 a year if we could get a 8-9% return.
) perhaps be the way to go? E.g. some in investments, funds, property, P to P lending etc?
Mar 28th 2018, 3:04 pm
#152
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,835
Mar 28th 2018, 6:10 pm
#153
Nuther day in paradise.ca
Thread Starter
Joined: Aug 2008
Location: Ajax, Ontario
Posts: 7,263
Mar 28th 2018, 7:19 pm
#154
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Joined: Jan 2006
Posts: 0
Re: Sort of retirement plan
there are minimum income guarantees for seniors in Canada, province by province
examples for two
BC
https://www2.gov.bc.ca/gov/content/g...ent-rate-table
Ontario
https://www.ontario.ca/data/guarante...-benefit-rates
examples for two
BC
https://www2.gov.bc.ca/gov/content/g...ent-rate-table
Ontario
https://www.ontario.ca/data/guarante...-benefit-rates
Hopefully change for the better but who knows.
