Hello All: Have been lurking on here for months and have gathered some fantastic info. Here is my situation: age 47,married with non working wife, two kids, age 15 and 13. I am bored and burnt out in my profession I am canadian so my finances are in canadian dollars and they go something like this:
stocks 50%/ bonds 50% 1.16 million
RRSPs 382 K
The stocks are mostly large cap that pay small dividends and the bonds are all "real safe" but only pay 4-5% intrest. I have no debt and spend 50-60k in living expenses per year. I am by habit a saver and a DIYer. I will have a government pension kick in at age 60 of aprox. $750. I would like to keep the RRSP till age 69 at which time convert to an annuity so my question to all you succesfull ERs is how could I arrange my finances to meet living expenses?? Any suggestions are greatly appreciated.
stocks 50%/ bonds 50% 1.16 million
RRSPs 382 K
The stocks are mostly large cap that pay small dividends and the bonds are all "real safe" but only pay 4-5% intrest. I have no debt and spend 50-60k in living expenses per year. I am by habit a saver and a DIYer. I will have a government pension kick in at age 60 of aprox. $750. I would like to keep the RRSP till age 69 at which time convert to an annuity so my question to all you succesfull ERs is how could I arrange my finances to meet living expenses?? Any suggestions are greatly appreciated.