One alternative to living a more comfortable early retirement is increasing our withdrawal rate. But this is difficult to do because we've been in the habit of saving and investing for so many years. Theproper safe withdrawal rate in retirementis dynamic. Although it'seasier to make more pas...
By now, we should all agree that 10 million dollars is enough to retire well. However, I still suggest generating additional side income in retirement to ensure your capital will last for another generation. Earning side income also brings about asense of purpose. When I “retired” in 2012,...
What might be right for one person may not be the best option for another. It’s good to listen to financial experts and understand why they advocate saving a certain amount, but ultimately what matters is whether you’re comfortable with your emergency savings. That could mean two years or...
31% of Canadians indicated that they have more debt than they are comfortable holding 32% of Canadians are unable to pay all of their invoices on time ** data fromTD Bank Article: The Top 1% of Wealth Amounts for Canadians in 2022 ...
Let’s say you grew up in a culture thatvalues real estate more than stocksor bonds. Real estate is tangible, provides shelter, generates income, and is less volatile than stocks, so you invest all your money in residential real estate for retirement. Bonds are boring and simply don't pro...