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08-29-2014, 09:56 PM
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#1
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Recycles dryer sheets
Join Date: Aug 2014
Location: Western Canada
Posts: 393
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Un-Lurking
Hi all,
I'm a long time lurker and decided to out myself. I live in western Canada, have sufficient means to support our lifestyle at a 2.5% WR and doubt I can add much to the forum but I'll try. I'm now 65, been retired for 7 years and love it.
Still with my original wife, which might explain a large part of the FI, and my only daughter married a week ago (after careful thought and attaining 34 years). Only son has been married for several years and produced 3 GC for us.
Don't know what else to say. I'm an indexer but "play" with about <1% of portfolio. My TFSA (for non-Canadians try The Tax-Free Savings Account ) has reached $55K, not bad if you read the contribution limits ($31K).
Hope I don't offend anyone by my (sometimes) blunt comments.
Cheers
Rick
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08-30-2014, 07:48 AM
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#2
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Recycles dryer sheets
Join Date: Aug 2013
Location: Northwest Ontario, Manitoba
Posts: 146
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Hello and welcome from another Canuck.
Something I have been struggling with is whether or not to put money into my DS new TFSA that he opened this summer. I do not want him depending on his parents, we are after all working 50/50 with him on his education.
Just thinking out loud.
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08-30-2014, 08:35 AM
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#3
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Administrator
Join Date: Apr 2006
Posts: 23,041
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Quote:
Originally Posted by Rick_Head
Hi all, I'm a long time lurker and decided to out myself. . . .
Hope I don't offend anyone by my (sometimes) blunt comments.
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Welcome, Rick. Sounds like things are rolling along well for you.
If you ever have questions about something you want to post, you can look here http://www.early-retirement.org/foru...ork&page=rules for guidance or ask one of the moderators.
__________________
Living an analog life in the Digital Age.
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08-30-2014, 09:38 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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Wecome.
Might we join you in Canada soon?
https://secure.marketwatch.com/story..._story_popular
Edited to add snippets below:
Quote:
Canada has the world’s best reputation internationally as a place to do business and live for the third consecutive year, according to the latest annual survey of more than 27,000 people around the world by the Reputation Institute, an international corporate advisory firm.
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Quote:
a Montreal-based IT consultant <a Boston native>, moved to Canada in 2008 from the U.K. with his Canadian wife and two children. It didn’t take him long to feel at home. “I am close to my family, with all the positive aspects of being on the Canadian side of the border,” he says. “It’s a manageable size for a country and there’s a sense of social cohesion that America lacks. I feel like I’m part of this manageable group that—by and large—gets along.”
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__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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08-30-2014, 09:50 AM
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#5
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,726
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Quote:
Originally Posted by Chuckanut
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A snippet or short summary would be helpful to readers. No one likes clicking on naked links.
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08-30-2014, 10:21 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Welcome Rick-Head (only one D away from a far less salubrious name. ) from another member in western Canada.
Nice TFSA, by the way! Mine is not so large, as I initially invested predominantly in GICs and have withdrawn some funds as they matured. I now have index funds as well. It's essential to keep track of contributions and withdrawals. I use an Excel spreadsheet, but I'm surprised there isn't a proprietary calculator.
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08-30-2014, 08:25 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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Quote:
Originally Posted by Asher Aion
Something I have been struggling with is whether or not to put money into my DS new TFSA that he opened this summer. I do not want him depending on his parents, we are after all working 50/50 with him on his education.
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I wouldn't do it … seems quite inconsistent with your - laudable - objective of encouraging independence.
He should learn to set money aside and fund his own TFSA. If he doesn't currently have sufficient $ available to max out the $5,500 annual limit, the contribution room carries over and he can do so later.
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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