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Search: Posts Made By: CDN_47
Forum: Hi, I am... 07-15-2013, 11:08 AM
Replies: 6
Views: 851
Posted By CDN_47
You guys have done well saving so much at your...

You guys have done well saving so much at your age. I'm not going to comment on your specific situation since I don't have experience budgeting for kid's expenses.

However, as a comparison, my...
Forum: Young Dreamers 07-07-2013, 05:34 AM
Replies: 22
Views: 1,396
Posted By CDN_47
You're way ahead of me when I was 25. Well done!...

You're way ahead of me when I was 25. Well done! Generous employer contributions and decent savings for your age.

Investing in real estate is probably an OK gamble ... depending on where you...
Forum: Hi, I am... 06-17-2013, 06:01 PM
Replies: 46
Views: 4,360
Posted By CDN_47
I'm just hoping the OP isn't about to pitch Forex...

I'm just hoping the OP isn't about to pitch Forex trading as a sure fire way of reliable, big returns :frown: I've seen this one too many times on financial boards. Hope that's not the case :)
Forum: Hi, I am... 05-03-2013, 04:36 PM
Replies: 14
Views: 1,478
Posted By CDN_47
Questions: Is your pension cola'd? Is...

Questions:

Is your pension cola'd?
Is the lump sum the amount you will receive (after taxes)? In my case, a portion of the reportable pension value has to be paid out as cash, and therefore is...
Forum: Hi, I am... 04-30-2013, 03:03 PM
Replies: 17
Views: 1,748
Posted By CDN_47
As a very simplistic look at this, if you needed...

As a very simplistic look at this, if you needed to consistently withdraw a certain amount (indexed for inflation) for 50 years (gets you to 95), the following is an example of what you could expect:...
Forum: Hi, I am... 03-31-2013, 06:04 AM
Replies: 127
Views: 7,693
Posted By CDN_47
LOL, thanks for my first laugh today :laugh: ...

LOL, thanks for my first laugh today :laugh:

For us, we have only recently learned how to LBYM. By that, I mean in the last 8 years or so. This was more out of shocked realization that we were...
Forum: Hi, I am... 03-11-2013, 05:08 PM
Replies: 134
Views: 8,764
Posted By CDN_47
As I move up the Corporate Ladder, I've had to...

As I move up the Corporate Ladder, I've had to take a long hard look at my work-life-balance. I had the opportunity to attend one of Dave Schrader's Leadership courses which discussed...
Forum: Hi, I am... 03-10-2013, 10:00 PM
Replies: 134
Views: 8,764
Posted By CDN_47
It sounds like your 'partners' may see you more...

It sounds like your 'partners' may see you more as an employee than an equal partner. There is no way that I'd let partners, who contribute less than me to a business, dictate how many weeks of...
Forum: Hi, I am... 03-10-2013, 07:53 PM
Replies: 134
Views: 8,764
Posted By CDN_47
There's something that's missing here. Under the...

There's something that's missing here. Under the conditions you describe above, any normal person / partner would be happy to agree to an extra week's vacation for you ... but more confusing ... why...
Forum: Hi, I am... 03-09-2013, 06:06 AM
Replies: 18
Views: 2,333
Posted By CDN_47
BellyFull, I'm curious as to how you came up with...

BellyFull, I'm curious as to how you came up with $75000/yr for your required retirement income? Do you have a good handle on what your expenses are without your mortgage and College costs? I think...
Forum: Young Dreamers 02-16-2013, 07:23 AM
Replies: 70
Views: 7,319
Posted By CDN_47
Almost 47 yrs old. Didn't get serious about...

Almost 47 yrs old. Didn't get serious about savings until a few years ago. Hope to be FI by 55, however if I'm enjoying the job I'll keep working for a few more years. Our current savings rate is...
Forum: Young Dreamers 12-27-2012, 08:13 PM
Replies: 4
Views: 970
Posted By CDN_47
Congrats Meadbh on ER!!! I will be...

Congrats Meadbh on ER!!!

I will be focusing on Tax implications as I get a bit closer. Right now we're focused on max'ing out our savings. TFSA(s) are maxed. RRSP(s) are maxed (but were...
Forum: Young Dreamers 12-27-2012, 07:25 PM
Replies: 4
Views: 970
Posted By CDN_47
Meadbh, thanks for the reply. Here are some...

Meadbh, thanks for the reply. Here are some answers to your questions:



Yes



Partly, the interest income row will be comprised of RRSP, TFSA, and non-registered investments. RRSP...
Forum: Young Dreamers 12-27-2012, 05:31 PM
Replies: 4
Views: 970
Posted By CDN_47
What would you do in my case???

I've attached a pic of my retirement income spreadsheet. I'm curious as to when you would decide to retire based on my situation. I'm leaning somewhere between 58 and 60 years old (I'm currently 46)....
Forum: Young Dreamers 12-24-2012, 07:25 PM
Replies: 124
Views: 8,267
Posted By CDN_47
2005 Toyota Matrix purchased in the Fall of 2004....

2005 Toyota Matrix purchased in the Fall of 2004. Purchase price (including tax) = $18000. That would have been about 28% of my wage back then.

My current maintenance costs are about $2200...
Forum: Hi, I am... 12-23-2012, 08:00 PM
Replies: 112
Views: 8,773
Posted By CDN_47
Hey Lily, don't waste your time with the Forex...

Hey Lily, don't waste your time with the Forex System, when you could invest in my perpetual motion machine invention. I'm looking for investors to get it up and running ... can't lose! Let me know...
Forum: FIRE and Money 12-17-2012, 07:34 PM
Replies: 32
Views: 2,521
Posted By CDN_47
Not sure how it works in the U.S., but here in...

Not sure how it works in the U.S., but here in Canada, if you take your DB pension out as a lump sum, you end up with a portion being paid in cash to comply with the Income Tax Act Regulations. ...
Forum: Young Dreamers 12-17-2012, 07:18 PM
Replies: 230
Views: 19,936
Posted By CDN_47
Current Age: 47 Retirement Age: 58ish Total...

Current Age: 47
Retirement Age: 58ish
Total working years: 25 so far
Pension: Yes
Forum: Hi, I am... 12-17-2012, 10:17 AM
Replies: 3
Views: 812
Posted By CDN_47
Thanks guys!!!

Thanks guys!!!
Forum: Travel Information 12-16-2012, 08:15 PM
Replies: 40
Views: 3,576
Posted By CDN_47
Pilar Beach on Cayo Coco, Cuba was truly amazing....

Pilar Beach on Cayo Coco, Cuba was truly amazing. I'd highly recommend it. However the beaches in front of the majority of the resorts was average at best. You had to travel about an hour on bus...
Forum: Hi, I am... 12-16-2012, 07:49 PM
Replies: 34
Views: 2,276
Posted By CDN_47
You're doing great so far. $230,000 in home...

You're doing great so far. $230,000 in home equity at your age is fantastic ... just be prepared for a dip in the market. If you're not planning on moving for a while, you should be able to weather...
Forum: Hi, I am... 12-16-2012, 05:07 PM
Replies: 3
Views: 812
Posted By CDN_47
47 with dreams of financial freedom

Hello everyone,

I've been lurking for a while, so I thought it was time I joined in :)

A bit about me:

I'm 46 turning 47 in a few months (just to explain my username LOL). My wife and I...
Showing results 1 to 22 of 22

 
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