bats

You don't need a visa. Probably half of the houses on this street are empty for the winter.

magnumpi

For a permanent move a visa is needed yeh?

bats

OH yes, but why retire to the USA? Healthcare and all that.

magnumpi

Ah yeh good point

ann m

That’s a whole other thread!

Still not sure. I’m on a 6 yr count down. So many things to consider. I like and dislike the UK for such a variety of reasons 😁. It is expensive, property wise, and to be affordable would be to pick somewhere other than the southeast (what we know and where everyone we care about is based) which would mean starting over from scratch. My comfort zone is not up for that on most days. But moving away from Calgary would create the exact same scenario. And I would miss the skies!

I would like to be closer to the variety that Europe offers. We will likely “do” chunks of Canada and the US for a few years with some travelling, but after that...

Calgary is very liveable but not at all pretty. So when I add up what I like - small town, views, walking paths, local shopping and restaurants, not far from an airport, hospitals, etc, I come up with somewhere like Cochrane! Or Sussex. I’d would like access to better quality theatre, but in reality, how often would I go?

My girls could end up anywhere, I think we’ll all split up in the next 2 years, which is fine, I want them to find their own feet and place in the world.

So, to answer the question, no idea really! If finances allow, then perhaps just a smaller place here and spend time and dollars exploring.

bats

We're at the beginning of our retirement plan and it includes staying here. Because of the difference in ages and dates that pensions start we won't have access to our full retirement income for another 7 years but I've been retired for 18 months. If we had stayed in the UK then I would still have to work and when we did retire we wouldn't be as well off as we will be here as we wouldn't have built up part of a second state pension.

magnumpi

One o the things that is drawing me to Cornwall is the close proximity to the river. We like our water toys and also we are MC people and the roads out there looks good.

We will plan to go this summer for a week and see if wife likes. I am ok as I been that area many times working.

magnumpi

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.

not2old

found you a few of properties, depending on your budget between $70,000 to $700,000

MLS® Number: 1092620

https://www.realtor.ca/Residential/S...WILLIAM-STREET

MLS® Number: 109092 is approx 150 - 200 yards from the waters edge

https://www.realtor.ca/Residential/S...-Kirkman-Court


MLS® Number: 1087465

https://www.realtor.ca/Residential/S...6H5R5-Cornwall

..

magnumpi

Here would be nice

https://www.point2homes.com/CA/Home-.../55168802.html

Aviator

8-9% is a high ROI for now, would come from higher risk investments. The more secure the investment, the lower the return.
https://www.forbes.com/sites/jrose/2.../#5e0830c2ac29

not2old

for the most part maybe & maybe not, especially in real estate rental income property where you'd be lucky to get a gross 'cap rate' of ~6%, then there are the costs of doing business... property tax,vacancy rate, nuisance tenants, maintenance.

Of course you'd have financial adviser/advisor tell you the sky is the limit on investments- watch the capital swing all over the place

reward for risk

magnumpi

I will put all my $$ into Toys R Us and Sears they well known companies what could possibly go wrong :@)

not2old

on any investing/investments always do your homework, after all 'it's your money to lose'

FWIW, not to be taken as financial advice

GIC,HISA, stocks & shares, index funds, mutual funds, Bonds, second mortgages to real estate investment/income property

Depending on ones risk tolerance or if they want to spread their RRSP/TFSA/RRIF even non-registered investments around in different investment products, I'd probably go in part/spread them around with a laddered GIC ... 12 mth, 24,mth, 36mth, after all the interest rates are increasing

https://www.oaken.com/gic-rates/?gcl...SABEgIzk_D_BwE

or maybe an HISA

https://www.eqbank.ca/personal-banking/features-rates



.

Almost Canadian

At the moment we plan to retire here. We are not bothered by the winter and will have more time to ski than we do now.