This couple is trying to create a retirement withdrawal strategy while already in retirement. Find out more.
“We used to be aggressive about paying off our mortgages,” Michael said. “But when we renewed it a couple of years ago and took out the second mortgage to help fund a $150,000 renovation we’re planning, we decided we wanted less expensive payments to be able to enjoy ourselves more.”“We’re frugal but don’t mind spending money on what we like to do,” Michael said.
Michael manages the family’s portfolio, which is largely invested in Canadian and U.S. stocks and exchange-traded funds . He also has about $10,000 to $15,000 invested in high-risk tech stocks. With their money largely invested for growth, he wonders if they should be directing funds to guaranteed investment certificates and bonds to minimize risk.Article contentThe following is a Q&A with Ed Rempel, a fee-for-service financial planner, tax accountant and blogger.It’s important for people about to retire to be clear about their expenses — all expenses, including miscellaneous and discretionary spending.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Designing a new financial strategy while already entering retirementThis couple is trying to create a retirement withdrawal strategy while already in retirement. Find out more.
Read more »
University students struggling to find housing in Calgary and other citiesThe University of Calgary’s Students’ Union has heard from many students facing challenges, including some forced to live in the far corners of the city
Read more »
Shuswap residents set to find out if their properties survived wildfireResidents of the Shuswap region in British Columbia's Interior will learn about the condition of properties affected by a devastating wildfire starting Monday.
Read more »
After 10 days in Calgary, N.W.T. wildfire evacuees 'find what's good' during stressful timesMore than 3,500 evacuees fleeing wildfires in the Northwest Territories have registered in Calgary.
Read more »
How to find budget-friendly flights using Google Flights’ new featuresTravelling outside of Canada anytime soon? Google Flights’ new features can make your buck run longer.
Read more »