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-   -   Sort of retirement plan (https://britishexpats.com/forum/maple-leaf-98/sort-retirement-plan-910666/)

scrubbedexpat133 Mar 27th 2018 11:52 pm

Re: Sort of retirement plan
 

Originally Posted by magnumpi (Post 12469120)
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.

Would spreading it about a bit (ooh er mrs:p) perhaps be the way to go? E.g. some in investments, funds, property, P to P lending etc?

BristolUK Mar 28th 2018 3:04 am

Re: Sort of retirement plan
 

Originally Posted by Alex2201 (Post 12471703)
...some in investments, funds, property, P to P lending etc?

Race track, bookies, lottery, the mob...

magnumpi Mar 28th 2018 6:10 am

Re: Sort of retirement plan
 

Originally Posted by BristolUK (Post 12471842)
Race track, bookies, lottery, the mob...

Put it all on red in Vegas

scrubbedexpat091 Mar 28th 2018 7:19 am

Re: Sort of retirement plan
 

Originally Posted by not2old (Post 12470864)
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

Have to wait and see what things are like in 30 years. A lot can change between now and then.

Hopefully change for the better but who knows.


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