Retirement Planning do's and Dont's - Page 2
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Thread: Retirement Planning do's and Dont's

  1. #11
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    If you can and circumstances allow, try semi-retirement first.

    I semi-retired in September 2015 and am greatly enjoying it. Psychologically, it is nice to still have income coming in the door
    while trying out some of the soft benefits of full retirement. It can also lessen the effects of loss of identity that often comes
    to those who quit work full stop.

    "That's what I do, I drink and I know things" - Tyrion Lannister

  2. #12
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    Keep your options open. Don't tie yourself down. Being somewhat flexible in the first few years of retirement may give you some options that you had not previously considered. This has been our experience over the past 4 1/2 years of early retirement.

  3. #13
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    Quote Originally Posted by mordko View Post
    - Make a plan.
    - Write it up.
    - Stick to it.
    - Revisit it when circumstances changes

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  5. #14
    Senior Member kcowan's Avatar
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    Maximize your
    -RESP
    -TFSA
    -RRSP
    in that order.

  6. #15
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    Retirement is different for us all

    For me it will be in April

    I have been able to raise enough capital to last until 100 years of age,,,,very important to have fiances in order

    Next would make sure your mental and physical health is at 100%

    Very important to have activities that you and your spouse will enjoy together

    Go outside everyday and be happy with your life

    Get wills and such iron out

    Volunteer

    Just some of my thoughts

  7. #16
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    Quote Originally Posted by kcowan View Post
    Maximize your
    -RESP
    -TFSA
    -RRSP
    in that order.
    Or not.

  8. #17
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    Quote Originally Posted by steve41 View Post
    Originally Posted by mordko View Post
    - Make a plan.
    - Write it up.
    - Stick to it.

    - Revisit it when circumstances changes
    Rather
    - Forget about plans
    - Don't write anything
    - Do whatever you want. (Some days , just do nothing!)

  9. #18
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    Thats a lot suggestions, thanks everyone.

  10. #19
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    Quote Originally Posted by steve41 View Post
    Or not.
    The thing with RESP's is they grow quickly because of the grants. This doesn't mean you should not fund your retirement as well. Down the road you will kick yourself for not taking advantage of the free money when it was available.

  11. #20
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    I cannot imagine not using RESP`s if one`s financial situation permits it. We did it for our children. We are doing it for our grandchild. $500. a year plus a sheltered vehicle. One of the few tax strategies that are available to us.

    Can`t understand why more people do not take advantage of it. We cannot think of a better gift for our grandchild.

    Last edited by ian; 2016-12-24 at 07:00 PM.

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