I was talking to my financial advisor about early retirement being 52 I have an RRSP, mutual fronds, I buy actions at work (which could be a pension plan), but he tells me that If i want to retire i need 1 million dollars in the bank. I started laughing and told him who as that in there accounts.
When I sold my condo back in 2022 I was in the right time I still can't believe the profit i made, instead of going nuts and spending a large chuck I invested it. And that kind of set the tone for the rest, now I save more invest more in RRSP etc.
But I feel bad looking at people I work with approaching retirement but with the cost of life won't be able to. Those cost for rent are insane, pricing I am not sure if the government can do something to make the cost of everything go down. Yes I know Trudeau is the cause of all this. Next election is he out and some other parties need to work on this.
From what I seen even if you retire at 65 you make less than 2000$ per month which is insane if you have debs, mortgage car payment, people won't be able to retire.
We are far from the time when my father retired at 55 and played golf everyday until he passed from cancer in 2006
When I sold my condo back in 2022 I was in the right time I still can't believe the profit i made, instead of going nuts and spending a large chuck I invested it. And that kind of set the tone for the rest, now I save more invest more in RRSP etc.
But I feel bad looking at people I work with approaching retirement but with the cost of life won't be able to. Those cost for rent are insane, pricing I am not sure if the government can do something to make the cost of everything go down. Yes I know Trudeau is the cause of all this. Next election is he out and some other parties need to work on this.
From what I seen even if you retire at 65 you make less than 2000$ per month which is insane if you have debs, mortgage car payment, people won't be able to retire.
We are far from the time when my father retired at 55 and played golf everyday until he passed from cancer in 2006
