Have been busy going from working to retirement
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Thread: Have been busy going from working to retirement

  1. #1
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    Have been busy going from working to retirement

    I have found out that my plan for Clinton victory has failed

    Also when selling last house,even that house is now more value than i imagine

    I have money from sale 400k that i will not needed

    now what ?

    at 56 where does one put extra cash

    All is maxed out,even rrsp for 2017

    it sucks that my planning is so bad,,,lesson is plan for the future

    My question is what to do with the 400k,,kids already got there share and are willing to help dad to dispose of the the 000k,,,i guess i can use it as petty cash until i get to pension age of 65

    Last edited by 1980z28; 2017-03-03 at 02:57 PM.

  2. #2
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    Why not just put it in dividend paying stocks or indexes, in a non-registered portfolio.

  3. #3
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    I have money from sale 400k that i will not needed

    now what ?

    at 56 where does one put extra cash
    Have cruise around the world and rest put into HISA in some online bank

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  5. #4
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    Is there a 5 or 10 year bond or are bond not the way to go

  6. #5
    Senior Member sags's Avatar
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    My uncle was the same. All his ducks in order......nice home paid for, good pensions, car paid for, money in the bank.

    He had a life time pass from the CPR, but had little interest in travel and didn't have any "wants" left to buy.

    He took $1500 a month from his pensions and went out to eat every meal in the same 3 restaurants.

    That is how he "treated" himself, got himself "out and about" and tipped the waitresses he came to know well.
    Last edited by sags; 2017-03-04 at 09:30 AM.
    Someone planted a tree a long time ago so I can sit in the shade.

  7. #6
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    Quote Originally Posted by 1980z28 View Post
    Is there a 5 or 10 year bond or are bond not the way to go
    That contradicts your first post. You said the $400k was not needed....but not needed for what? You either incorporate it into your retirement plan's portfolio, or put it in an HISA and spend $40k or so per year on toys and travel until age 65, or dole it out over a 10 year period into your favourite charitable causes (SPCA always needs help as do battered women's shelters), or some combination. There is no such thing as 'not needed'.

  8. #7
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    1980. please contact me soonest, able to transfer your burden!

    A nice sum for "pin" money, Grandma used to call it. Nothing wrong with a low, low interest bank account until some inspiration comes along.

    Review your new/old bucket list, time waits for no one!

  9. #8
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    Quote Originally Posted by 1980z28 View Post
    I have money from sale 400k that i will not needed

    now what ?

    My question is what to do with the 400k,

    Just go sailing for a couple years till its all gone.

  10. #9
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    need more numbers tbh and more info at 400k invested at 5% (dividends) is 20 grand. represents the lowest tax rate and most likely would be negated by the tax credit.

    do you have any other funds?? do you have a wife who works? depending on how much is in your rrsp (you say its maxed) and you can start collecting CPP at 60 if you want to and try to stretch to 71 to convert your rrsp.

  11. #10
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    The OP is well off and retiring.... He is mainly exercising his 'new thread' finger.


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