Sort of retirement plan
#80
Re: Sort of retirement plan
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.
#81
limey party pooper
Joined: Jul 2012
Posts: 9,982
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.
#82
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.
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.
#83
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.
#84
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.
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.
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
..
Last edited by not2old; Mar 24th 2018 at 4:47 pm.
#86
Joined: Sep 2008
Posts: 12,830
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.
https://www.forbes.com/sites/jrose/2.../#5e0830c2ac29
#87
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
https://www.forbes.com/sites/jrose/2.../#5e0830c2ac29
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
#88
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 :@)
#89
Re: Sort of retirement plan
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
.
Last edited by not2old; Mar 24th 2018 at 5:28 pm.