Retire at 60

[Not getting younger]

ETFs are beneficial in so much as you’re not paying the MERs. Another thing people should look for, maybe talk to someone about is dividend yield and when possible double down using drips.

As for clones and what not.
hey careful there. Structured products without splitting hairs was what I/we did for years

 

[John_Jacob]

Good points. I believe indexed annuities are quite rare and of course cost more. So, you would have the problem of your annuity payments being eroded by inflation.

Very good point and I suspect you're likely correct. I'm not all that interested in Annuities so never investigated indexing.

 

[John_Jacob]

No ladies have responded to this thread.

THAT's a separate thread

 

[John_Jacob]

lost ~500k in banks, but a bigger loss was a cottage that I bought in 2021.

Meh, Canadian Banks always recover if you didn't sell. Selling the Cottage? maybe not so much.

 

[stinkynuts]

$600,000 should bring in $50,000 a year invested in an index fund.

Without rent, and if you live modestly, it's more than enough, coupled with CPP.

 

[chrispalen]

$600,000 should bring in $50,000 a year invested in an index fund.

Without rent, and if you live modestly, it's more than enough, coupled with CPP.

Talk to a financial planner and have a plan done, instead of posting on a pooner board and listening to a bunch of hobbyists

CP

 

[jeff2]

Talk to a financial planner and have a plan done, instead of posting on a pooner board and listening to a bunch of hobbyists

CP

Try to get a fee only one.
Unfortunately, in Canada, fiduciary duty is not mandatory. Sadly, not every investment advisor will act in the best interests of their clients. That means you need to do your research before you decide to hire them.

What does a fee-only financial planner do, exactly? - MoneySense

And if they don't sell any financial products, how do fee-only planners get paid?

www.moneysense.ca

 

[Grist]

Quick question. If your house is paid off is $600,000 enough to retire at 60.

I retired at 57. The universe is 26 billion years old. I didn’t want to spend my minuscule part of it sitting at a fucking desk.

 

[Downtime]

To answer a few questions. Yes I’m married,I still have three years till I’m 60, we’re planning on selling our house for around 900,000 and buying a smaller one for around 600,000 and I will be taking my cop at 60. As far as my financial advisor has given me some advice but it’s always good to hear from someone who has actually retired at 60.