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Maurice ... The oldest grandson is my son's child and the youngest grandson is my daughter's child. REWahoo, Meadbh and Kumquat ... It's comforting to know that I am not alone.

Correct me if I am wrong, but it seems to me that the majority of people on this forum who are FI or FIREd, have at least one person in the family who has a nice pension (e.g., government, teachers, mility, etc.). I'm not so lucky. My wife did not work (except for a very few years) and I do not...

Thanks Meadbh. I don't drive a trolley but I like the old time trolleys. That's an interesting income table. If the average seniors AFTER tax is 54K then the before tax is quite a bit higher than my own estimated 50K pretax income. The stats in the table are also averages which could be...

I realize everyone's situation is different but I sometimes wonder what the pre-tax income is for Canadian retirees in their 60s. If I have 50K pre-tax is that above or below the median or the average? My parents who are in their 80s are getting by quite nicely on about 27k pre-tax. They...

Thanks for the Canadian links. Just for the record, we have done a retirement budget and it looks like we will be OK unless there is a black swan event (e.g., world financial collapse, WWIII, etc.). We got hit by the recent financial meltdown but our allocations have allowed us to claw our way...

Thanks for the reply. The investments are about 1.25 million and I allowed 250K for the house (this is low since houses in the neighbourhood are selling in the 300 to 350K range. I will get the max CPP. DW will get only a small amount of CPP (not worth considering). Tha's probably still not...

Hello everyone from Ontario, Canada. My previous posts on this forum were back in December of 2004. Since then I have lurked but have not posted. Here is an excerpt from my first post in 2004 --- "Not sure I will ER since I am already 57, still working and still saving for retirement. I'm a...

Thanks for the many welcomes. Hope you all had a great time during the holidays and all the best for 2005. Calculated the annual return on my investments for 2004. I'm not impressed with the 7.5%. Got to do better going forward.

Hello I've been lurking for several months and have found this board to be very interesting. I live in Ottawa, Canada (I hope John Galt is going to be kind when he finds that out ;D). The trivia buffs should know that Ottawa is the second coldest capital city in the world. As well, the...