Living On A Million Dollars - Page 23
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Thread: Living On A Million Dollars

  1. #221
    Senior Member
    Join Date
    Apr 2013
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    333
    Quote Originally Posted by Eder View Post
    Somehow it seems a lot of Canadians want to roll in the present and rack up debt on useless crap...it's their right to do so. Others have enough brains to plan more than a month ahead...pension or no pension.
    Quote Originally Posted by TomB19 View Post
    I don't have a pension. I drive a used car, fix my own toilet, and now my own lawn.

    People don't even try. It's a shame. Saving money is addictive. Once you see the balance start to grow, there is something satisfying and empowering about feeling like you have some control over your future.
    Thing is that the ones with the brains to plan more and save more may ultimately get penalized for it. There's more and more talk about 'means testing' using net worth. Those who have done without and saved and have that high net worth will end up having to pay for those who have nothing because they spent it all without a care.


  2. #222
    Senior Member
    Join Date
    Oct 2016
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    281
    Quote Originally Posted by Retired Peasant View Post
    Thing is that the ones with the brains to plan more and save more may ultimately get penalized for it. There's more and more talk about 'means testing' using net worth. Those who have done without and saved and have that high net worth will end up having to pay for those who have nothing because they spent it all without a care.
    +1000

    Socialism: Take money from those that earn it, and give it to those that don't.

    ltr

  3. #223
    Senior Member
    Join Date
    Feb 2011
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    1,782
    Does seem like a big dis incentive to not be a useless citizen. At any rate I would recommend to others younger to use a joint non registered investment account...I'm pretty sure shooting a 100k to your wife in a few years will ring the tax bell. +1 to topping up spousal RRSP at same rate as the bread winners.

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  5. #224
    Senior Member kcowan's Avatar
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    Jul 2010
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    Pacific latitude 20/49
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    The reason we excluded housing was because that turned out to be the biggest variable among guys living around southern Ontario with and without cottages. It was for a couple of empty nesters with 2-3 kids working.


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