Retiring from my long term career Today is the first day of the rest of my life. I have been working at various 9 to 5 jobs for the last 14 years. But no more. June 28th was officially my final day at work. 🙂 So now I’m officially out of the workforce. And I couldn’t be happier.… Read More »
Retirement accounts are generally lauded for being tax friendly. But what if you’re a high income earner? 🤔 Can contributing to a tax advantaged retirement account hurt you instead of help you? Yes. I’ll demonstrate how in today’s post. A lot of readers here make over $100,000 a year. So let’s approach retirement planning from a taxation and… Read More »
This true story I found in an online journal depicts the magic of compounding and the impact behavior has on our finances. Grace Groner and Richard Fuscone Grace Groner was orphaned at age 12. She never married. She never drove a car. She lived most of her life alone in a one-bedroom house and worked her whole career… Read More »
One of the great advantages of living in Canada is the generous government benefits system. Had a baby? Take some tax-free child benefits. Lost your job? Apply for employment insurance benefits (EI.) Making low income? There are multiple assistance program for you. 🙂 But one dilemma facing the financial independence/early retire community is whether or not we should… Read More »
Making the most out of compound interest In my latest YouTube video I spend 5 minutes describing how to make use of double compound interest. It’s basically like regular compound interest, but you end up with twice as much money in the end. 🙂 You can watch the video by clicking here or take a look below. … Read More »
Dale Jackson retired at the age of 55. He didn’t win the lottery or start his own successful business. He just worked and saved diligently throughout his career as a media journalist, most recently known for writing investment articles for BNN Bloomberg. He explains how he achieved early retirement in a recent interview. Here are some highlights below. Keep… Read More »