Re: Sort of retirement plan
 

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.

Re: Sort of retirement plan
 

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.

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.

Re: Sort of retirement plan
 

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

..

Re: Sort of retirement plan
 

Here would be nice

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

Re: Sort of retirement plan
 

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

Re: Sort of retirement plan
 

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

Re: Sort of retirement plan
 

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

Re: Sort of retirement plan
 

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



.

Re: Sort of retirement plan
 

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.

Re: Sort of retirement plan
 

Quite an 'if' on current annuity rates isn't it?

Re: Sort of retirement plan
 

:blink: What's the trick?

Re: Sort of retirement plan
 

Agreed, but if Liberal stay in any longer I am sure everything will go up, including rates.;)

Property rental income returned around 8-9% at this time, sure is a lot to think about.

Re: Sort of retirement plan
 

That's just it, isn't it. For all the bitching about prices, some things can more than make up for it meaning that overall we can be better off here.
I remember saying way back that the money left after housing costs here was barely more than I was left with in England but it paid for four of us instead of just me.

It happens, accept it, don't worry about it - so long as there's nothing exceptional that makes it more difficult.

Re: Sort of retirement plan
 

Hoorah for the skiing. Think you'll keep the acreage once the family has flown? A nice apartment in Canmore would do you good ;)

Re: Sort of retirement plan
 

Embrace it - learn to ski/snowboard. I wouldn't have moved to a country where it snowed for a large part of the year, if I wasn't prepared to embrace it.

Re: Sort of retirement plan
 

The winter doesn’t bother me when I’m not working. However, when I’m working it’s a total pain in the arse. Chasing people around in cars on snow-covered roads and sitting around for hours in -25 temperatures is not the ideal workplace.

When I take time off and the snow is around it’s never really an issue, the only issue I have is the dog doesn’t like the cold and snow and salt and we have to try to make him wear booties

Re: Sort of retirement plan
 

I really like the space and I think I will. I know lots of acreage owners that are retired. When I attend friends' homes in the cities for social events, I cringe when I first attend and see how close their neighbours are. Never say never but I cannot imagine that living in a city or a town would ever appeal. We are 15 mins from the south of the city using highway 2 and are a similar time to Okotoks.

I rarely attend theatres and I can do so in Calgary if I wish to. If I really wanted to see something, I would take a trip to where ever it was and make an adventure of it. I am far too happy to be miserable simply because things are not right on my doorstep. I loved travelling to Scotland/Ireland and Wales when I lived in England and I love travelling to other parts of the US and Canada now that I live here.

If I feel the need to rub my cheek against an old building to have "culture" I can take a trip to Europe but, if I am honest, that doesn't do much for me.

Canmore/Banff/Lake Louise are possible to get to/return from easily within a day. If I wish to do more than a day, there are a number of options for hotels.

I like driving/train to the city for work, coming home to our place each day and then going to other places when I need to.

I appreciate that that may change in the future but the thought of moving to the UK simply for retirement doesn't appeal.

One child has left home, one is at uni and one will be heading to uni in 2 years. If the two that intend to go to uni leave the Calgary area once they have done so that would not really change my plans but time will tell.

I have always tried to make the best of whatever I have and I don't imagine that will change.

Re: Sort of retirement plan
 

Great outlook on life AC likes it a lot

Re: Sort of retirement plan
 

After typing this my wife asked me, "Are you low?"

She was concerned about my diabetes and, when I tested my blood, I realised that she was correct, so I apologise for my half rant above.

Re: Sort of retirement plan
 

I'm just back from two weeks in England and that miserable, damp, grey weather does get you down. The blue skies that usually go with the cold weather here are beautiful, I'd much rather have the cold and snow than grey drizzle.

We've just been for a walk by Lake Ontario the sun is sparkling on the water, the sky is blue, the temperature a warm zero. Lovely. We don't do winter sports but do help our friends out with the apres ski part. And I paint those winter scenes, I'm not inspired by an English winters day.

Re: Sort of retirement plan
 

I could say the same thing about Vancouver Island.

I know this is likely to upset some of the "Island" residents but it's winter weather is soul destroying. Summers beautiful, winters not so much.
We went out to the Island numerous times in winter to check out the weather because I wanted to retire there to be close to the water. After going out there any time from December to April I decided I'm happier with the winter cold and snow with lots of sunshine in Calgary so here we stay and our summers are pretty good too. Added bonus our two sons and their families which include our four grandchildren are here too.

Re: Sort of retirement plan
 

one reason why many left 'back home' for the blue sky in the winter, proper central heating, cheaper gas, laid back lifestyle in wide open spaces.

some folks can whinge about 'what is all that it is wrong with Canada', from its politicians, high cost of something, then looking at something or other comparison to a 'back home' food or beer item things & that Canadians do not have a sense of humour.

Re: Sort of retirement plan
 

We just had a month in UK

It was great while the weather here was snowy and below -20’s but when I saw the temps had creeped up and snow melted, I was ready to get back to Canada and work

Re: Sort of retirement plan
 

You're making me jealous. :lol:

Re: Sort of retirement plan
 

Does this help?

Re: Sort of retirement plan
 

Will you be snowboarding in your 60s?

Re: Sort of retirement plan
 

Beautiful. It has been a particularly cold, grey and damp winter in the UK.

Re: Sort of retirement plan
 

Did you sit on a rock and dangle your feet in? :lol:

Re: Sort of retirement plan
 

Oh yes and I used the icicles to spear fish.

- you did see the icicles? And notice that the sparkly white rock is snow and ice? Of course you did.

Re: Sort of retirement plan
 

Cobourg?

Re: Sort of retirement plan
 

Wicklow Beach, Grafton. So very close to Cobourg

Re: Sort of retirement plan
 

I would flee to the US for retirement but only if they have some sort of healthcare in place by then.

30 years at least until I can contemplate not working. Ill be 70 by then.

Re: Sort of retirement plan
 

I hear you! I don't think I'll ever be able to retire, sadly.

:(

Re: Sort of retirement plan
 

Ah ok. My parents live in Cobourg and I drove yesterday in the sunshine from Ottawa to Cobourg and back as my mother had hip surgery (in Peterborough hospital) and I wanted to see her.

Driving on hwy 7 from Ottawa to Madoc you see a lot of former motels and restaurants now permanently closed......but the Log Cabin in Actinolite remains

Re: Sort of retirement plan
 

Not the icicles but the other bits yes. Not that I needed to see it to know the water would be cold as you had recently taken the pic. :nod:

But I had another look and the icicles must have melted since then. :lol:

Re:Sort of retirement plant
 

Yep, it's an interesting road. I think we've talked of this befire and the documentary about highway 7?
Thelosthighway.ca

Re: Sort of retirement plant
 

I remember watching it, quite interesting:
https://tvo.org/video/documentaries/the-lost-highway

Re: Sort of retirement plan
 

If I am physically able to do so.

Re: Sort of retirement plant
 

Thanks for this I watched first 10 mins and will conclude tonight :thumbup: