Wealth and money considerations: Budget conscious or Five Star
This is a good article in plain language about 11 tax deductions that seniors should know about. It’s a well-known fact that Canada’s income tax system is very complex. Part of the problem is that for decades, governments have piled on additional tax credits and deductions to reduce the tax burden on various population segments. […]
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Web site links to various resources I have stumbled across that were helpful for retirement and senior life. Seniors in Canada , Canadian Government site Seniors know a lot promotion, covering CPP, Old age security, Guaranteed Income Supplement, Care giving Benefits, Your Health, Safe at Home, Fraud Prevention, Services for Veterans, Managing your money. Also […]
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After reading about a fellow yesRetired person online (the Or family), who mentioned their success using the “FIRE” (Financial Independence Retire Early) philosophy, I realized that we had sort of accidently applied some of the techniques without knowing about it! The essence of it is to take a high percentage of your high income earning […]
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$100K invested in each category.
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One of my biggest concerns before retirement was related to the financial considerations. With a lower fixed income, what would our lifestyle be like? I had noticed random articles claiming that you can live in places outside of Canada for less than $1,000 per month, all included! What would that be like? How realistic could […]
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