Hi everyone, new to the site! I am a 47 year old single father from Alberta, Canada who is now an empty nester. I have been aggressively saving and investing with a goal of retiring as early as possible.
Currently I have approximately $550K in real estate holdings (not including my home) that I will liquidating prior to retirement, as well as around $500K in a mix of RRSPs, company defined contribution plans, TFSAs, and an investment account. Just have to pay off my mortgage (~$200K) and then I am free and clear. I have chosen to put most of my savings into investments rather than paying down my mortgage since my interest rate is so low (just over 3% locked in for just under 7 years).
I am hoping I am on track for an early retirement at the age of 50, at which time I can get away from the miserable Alberta winters and settle to the laid back lifestyle on Vancouver Island.
Best of luck to you all!
Jerry
Currently I have approximately $550K in real estate holdings (not including my home) that I will liquidating prior to retirement, as well as around $500K in a mix of RRSPs, company defined contribution plans, TFSAs, and an investment account. Just have to pay off my mortgage (~$200K) and then I am free and clear. I have chosen to put most of my savings into investments rather than paying down my mortgage since my interest rate is so low (just over 3% locked in for just under 7 years).
I am hoping I am on track for an early retirement at the age of 50, at which time I can get away from the miserable Alberta winters and settle to the laid back lifestyle on Vancouver Island.
Best of luck to you all!
Jerry
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