Our House Sold What We Did With The Money - Fundamental Investing
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- Опубліковано 30 вер 2024
- Investing the equity from our house sale when we retired and downsized to an apartment. We show you when our house sold what we did with the money, fundamental investing tips. We suggest things for you to consider when downsizing from your family home and investing the capital for your retirement.
What did we do with the money from our house sale, there are certain things that are common sense, pay off any debts and credit cards you may have. Walk away from your family home debt free. Start retirement with a fresh slate and being able to live on a smaller amount of money.
Retirement and being debt free reduces greatly the stress of retiring and makes life more enjoyable and frees you of time and worry about managing paying loans on time. We were lucky our house sold and what we did with the money is our experience, we are just sharing ideas. More importantly we are not Financial Planners and if you have any doubts about your retirement income or money please find professional advice.
We are not financial advisors these videos are for entertainment purposes only, we are not giving you financial advice.
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Hey … I am in Australia and I just love your videos. You both make me feel so happy watching you both and how you really are a team. You give great advice and I love hearing about all the things you have learned along the way and how you share that with people,like me. My husband and I both have executive jobs and I am looking at stopping work next year (I will be 55) and my husband will work until 60. I won’t have to touch my superannuation. I have wanted to stop work for a long time but we have been working really hard to pay off a couple investment properties and become mortgage and debt free. I can’t wait be to a homemaker and hearing your stories makes me even more excited.
Thanks great to hear Tanya glad you are enjoying our videos , just make sure your husband doesn’t keep working too long as that is time you can enjoy together and you can’t buy time back .Cheers 🍷🇦🇺🇨🇦😎
Was that your house it’s beautiful
For those in the United States, the TFSA mentioned here by Norm and Tina which is a tax deferred savings account in Canada which doesn't tax the income and is totally tax free, has an equivalent in the USA called the Roth IRA. Both work to save retirees on tax. A great vehicle to place your money in if you're interested in researching it.
Thanks for the clarification Frank , it’s a great way to save tax Cheers 🍷🇺🇸🍺🇨🇦
You too are adorable and I am 50 this year and trying to figure out the power of compound interest. Hoping to retire at 60 or 62 and travel the world. You two are an inspiration, and I can’t wait to keep learning from you both 🤗
That’s very kind, thank you for watching, you are at the perfect age to start really planning for retirement, de cluttering etc. 😀😀
what a lovely couple . i am 64 & newly widowed . We raised 5 kids on one average salary , had a really good life and lots of fun and travelled to over 48 countries in the last 10 years . Basically we were able to accomplish this by investing in humble real estate and improving it with sweat equity and not getting into debt over cars , clothes,eating out or buying new furniture .
I am so happy to have no debt ( own my own home) and also good rental income from 2 dwellings on my property to support me .
So happy my husband Dennis retired at age 55 as he passed away suddenly at age 67 , leaving me a widower at age 62.
I will have the funds to travel when Covid has passed and continue my passion of gardening and volunteering .
We are so sorry for your loss, we are so similar in age and can't imagine this. We are happy for your time together and your travels. That's why we retired early and travelled we don't know what the future holds for us. Lots of love from us
Hi y’all! Do you have annuities in your portfolio and if not what’s your take on it? I retired 12/2022 and my financial advisor is suggesting Eagle Life Eagle Select 10 Index Annuity…12% return rate. The annuity would represent only 10% of savings…I am 58yrs old and hubby is 59 yrs old he will be retiring March 2023.
We don’t have annuities and can’t give alive about specific ones, good luck!
I'm really intrigued by you selling your house and living in an apartment. I had never even considered this concept.
Well have to say Susan it’s the best thing we have ever done , selling the home releases Capital to invest but all the stress of unexpected maintenance and expenses of home ownership goes away it’s wonderful. Have a great weekend Cheers 🍷🌸🙂
Interesting that you can contribute to the TFSA without having any earned income. That isn't possible in the United States.
The TFSA is a wonderful scheme to save money 💰 enjoy your weekend Cheers 🌺🍷🍺
So, May 1st is coming fast you must be getting excited about the trailer. Good luck with the final set-up of it . Hopefully it fared well this winter.
We are very excited going for a first visit tomorrow Cheers 🍺🌺
@@ThisIsOurRetirement Drive Safely!
@@sandrocata2075 Thank you 🌺
Your home was beautiful. Do you miss it?
No we loved it when we were there Barbara but it was time to move on to our new chapter in life and let another new young family have their time there Cheers 🍷🌺🙂
I also do dividend stocks and I recommend PIC.A Premium Income, on the Toronto Stock exchange 20% they only hold Canadian Bank Stocks.
Thanks for your tip!
I agree it is amazing! I have been retired for 4 years and my net worth has grown in that time even though half my monthly income comes from my investments.
Dividends, stock market growth and compound interest is very powerful, congratulations on your wise investments. Happy retirement to you.
And I though I retired early at age 63. I've also been retired for over 5 years and like you though not rich I'm in no danger of having to eat cat food either.
Thanks for watching Cheers 🍷🌺🍺
Myself, I’ve made a Lot of “ tax free gains “ on our primary residence ...monies I don’t think I would have come close to in anything else ....plus I live rent free !
I’m thinking about buying a winter/summer residence in Saba , Dutch West Indies . Only 1900 population and No Crime ....but it can become a capital gain .
Thanks for the good and informative videos. A question: when you sold your house, did you consider not selling and renting it out or selling and purchasing other home/homes in areas where rental income would be good. In other words, rental income vs investment in savings/stocks. A video on that would be great too. Thanks again.
This was a big part of our retirement plan to always sell the house and invest the money 💰 for our retirement, had we kept it or bought another place we wouldn’t of been able to take early retirement Cheers 🍷🌺🌺
Everytime I hear “Norm” it kills me laughing 😂. Salute from Bury St Edmunds, Suffolk. I hope to follow you out to Canada one day. Peace ✌️
Thanks for watching have a great weekend Cheers 🍷🌺🍺
Ha Ha! Great story. Sounds like you know a thing or two about saving and investing. Good advice and you are fun to watch ... Cheers
Thanks for watching!
You're definitely not poor! Let the cat out of the bag with that 5% slice for the vehicles.
Another shocking thing about Canada - no beating around the bush.
What did you do for a living prior to retiring? love your shows
Sales Representatives both of us
Okay I'm a newbie so bear with me! Trying to figure out the dividend stocks doing all the research but how do you buy dividend stocks within your retirement account? Appreciate any advice on this or direction. Thank you you guys are wonderful and you have helped me to put a plan in place! Is it like a brokerage account where you're designate with stocks. Can you control it yourself buying and selling on your own or you have to go through a brokerage?
It doesn’t matter if you have an RRSP already, future payments can be directed to a discount brokerage like Questrade, or InvestorLine, etc you contribute the payment to them and then buy dividend stocks and then the dividends are paid into the account. You can also do the same for TFSA.
Hi Nancy I recommend you get a FA who'd help you with these. Make sure to ask for a proper guidance before dealing with this market. it's the best bet you can have. I use trade signals from a US regulated broker and investment advisor Monica Sullivan Javorcic. Check her out and get in touch if you'd need help. Good luck
An FA is fine if you don’t mind losing 2.5 percent of your 4 to 6 percent return on investment. Most FA’s are non-fiduciary which means they make money on your back regardless of whether you make money or not. If you a going to get advice from an FA make sure it’s a fee based advisor. If the service is “FREE” then their hands will be in your wallet all the time. There’s lots of information out there on the internet, do your homework, focus on safer aristocrat dividend stocks and remember the key to succeeding is not timing the market but rather TIME IN THE MARKET!!!
@@tonydomingos4548 not everyone is out to gouge. Calm down.
Thanks for your channel. You guys are showing the youngsters how we should plan for our retirement as it ought to be lived!
That is very kind, we are working hard to have a good retirement.
You both are too nice, very interesting what you have to say. Thank you for sharing, Greetings from Hamburg, Germany
Thank your for your kind words
How much money 💰 did you sold the house for ?
Not saying…….just saying
Your channel is awesome.
Thank you so much 🙂we are glad you enjoy it Joe 🌺
if i sold my home, i might get enough for a city transit bus pass for the day and lunch
Honestly that bad eh. I feel for you!
I guess it depends on how long you have owned your home and the mortgage still owing.
Oh no, it's sold...where are you going to live...but at least you do know what to do with your money.
Thanks for the video! You 2 are a wonderful couple! To those wanting to buy a home or keep a home in retirement- buy a small home where you don't need a tractor or loans (lines of credit) for window improvements. Decisions at the beginning of the home purchase process will make coping with ongoing operating costs easier. Statistics show that seniors have become (way too) comfortable with debt. We can afford less than we think at the outset.
Recently a lot of landlords were evicting renters in rent controlled buildings in order to do needed renovations. These buildings were then sold so the landlords do not have to rent suites out. Renters then had to find other places to live.
Yes we have heard about Landlords doing that which is a shame especially if you lived there for a long time , it must be hard then having to find another place to live Good point if you want to buy a home then buying smaller one is a good idea thanks for watching Rusty have a great week Cheers 🍷🙂🍺
@@ThisIsOurRetirement Hugs u 2 🤗.
Thanks for this one. Very timely for me. My house went on the market yesterday. Retirement comes in 3 weeks. Sounds like we agree on how best to manage the cash.
Wonderful! good luck with the sale we wish you all the best for your retirement 22 sleeps 😴 you will have so much to do 😂Cheers 🍷🍺
I'm 58 so I only have a couple years to go also. My husband and I are looking into ways to save more money, also. We only owe $70,000 on our house, and have no other debt. If you are not a person who knows all about financial saving, you don't know how to save. We do have stocks, bonds, 401K, etc
It is a shame that’s financial stuff isn’t taught in school 🏫 have a great weekend Cheers 🍷🍺🌺
Yup my plan too I am 45, smart move. Invest home equity and have interest paid monthly wow you now have your home equity paying you. We did this with my mother's home and it basically paid her room in a private room in a nursing home was able to give her the best we could.
We shouldn't be a slave to our homes but free the equity to make life easier and use the money. Glad you were able to help your Mother with this. Thanks for watching.
NSI tax free saving account now 6.25%
Many wise financial choices and a positive sequence of returns for your investments. Well done!
Thanks David it worked out really well for us Cheers 🍷🌺😎
You're a great team. Smart move keeping loads of cash to top up TFSA etc. It looks as though you have a sleep-at-night portfolio.
We sleep extremely well Robert, thanks so much for watching.
@@ThisIsOurRetirement Good to hear.
Hi there… I’m in US and invest a lot. There are ETFs now that are same as mutual funds but trade like stocks. Some have very low fees. There is one that tracks the div aristocrats NOBL which has a 0.4% fee. Personally I’d split money between VHT & VDC (health and consumer discretionary) instead as these have 0.1% fee and perform as good as NOBL and with less volatility. Be careful with high dividend companies, even aristocrats; some may be declining in value but pay out large divs they can barely afford - AT&T. Better off with a growing company that pays dividends they can easily afford - JNJ . Can always sell some of its stock if need more yield and pay capital gains.
Thanks for sharing Mark have a wonderful week Cheers 🇺🇸💰🇨🇦
Would you consider buying an apartment abroad or would you just prefer to rent?
No we prefer to rent , no home ownership problems needed LOL 😂😂🍷
Hi we are very excited about this great information. How can we find out more about it from you
We have lots of different videos talking about what we have done in our early retirement hope you enjoy them Cheers 🍺🌺🍷
Would love to see an apartment tour. Your place looks beautiful.
Nice post with regards By Adv T E Barat Bushan Senior Advocate High Court Chennai
Thank you
I've been watching so many of your videos and the two of you greatly impressed me! But I'm in tears literally because after my husband died he left me quite a bit of life insurance and Investments and I had not very good advice. I had a lot of debt that I wanted to pay off and my financial advisor recommended against it, and that kept me on the path of staying in debt come even though I have the money to make the payments. Then the money ran out and I still have the debt so I feel like I'll never be that comfortable even though I'm already retired on disability.
We are sorry for your loss.
Just discovered your channel thank you for sharing! ... Question: do you hold your CDN dividend stocks inside your TFSA and or RRSPs ?
Inside our TFSA we have maxed out and we have a few in RRSP but RRSP are mainly USA dividend stocks, to prevent USA withholding tax on dividends.
@@ThisIsOurRetirement Thank you 🇨🇦👍
Investment allocation is good. Great plan.
He has amazing dimples. 😆 You must have to beat the women off!
my conspiracy 2 cents: gold and silver until after the mountain of debt has come crashing down
I would have said bonds but rising interest rates will pummel those too.
We just try to have a mixed portfolio, everyone needs to seek professional advice on what to invest in Cheers 🍷🌺🍺
Tina has a lovely smile, hope you have a great retirement
Thank you your very kind
Why not buy a low fee dividend ETF instead of individual stocks. Have you considered VRIF for an all-in-one portfolio? Since one of you is 65 and the other between 60-64 you may be eligible for the allowance and regular GIS thereafter, which can be maximized by deferring RRIF withdrawals until age 71. The first 5,000 and 50% of the next 10,000 of self employed income is exempt from reduction of GIS
We don’t buy ETF as we don’t like paying management fees , thanks for the info we hope you have a great weekend Cheers 🍷🐣🍺🌺
Not so sure I would have unloaded the house. We are going it seems like hyperinflation Wymar style. In the past year lumber is up 400%. In a house you had a currency hedge and locked in your housing cost. With all the money printing, keeping money in paper currencies could be very high risk.
I agreed that’s why foreigner buying houses here
Hello, it appears you did not used RRSP?may I know why? many thanks for info, really great inspiration!!!
We were not going to benefit much from our contributions as we were not high income earners so it was more worthwhile to pay our mortgage off early.
In your investment plan, did you follow the advice of any particular advisor or retirement philosophy, such as the well-known "Bogleheads?"
Not really just followed popular investment theories, had been interested in the subject for many years, Read and watched investment media.
You both affirm my belief that the English are the nicest people on earth, and the smartest, with a total absence of any arrogance. How I wish I was like your fabulous people.
Thanks for your lovely comment enjoy your weekend 🍺🐣🍷
Great stock picks! I also have Enbridge in my Fidelity account -- great dividend.
Thanks there are some great dividend stocks in Canada
You two are obviously so happy together and financially savvy. My wife and I are in a similar position to you, and I think what you do is great. As a Gibraltar fanatic, did you ever get there on your travels and what did you think?
Actually no we haven’t been to Gibraltar , we thought about it on our last Portugal trip but didn’t get there , it is on the bucket list thanks for watching 🌎Cheers 🍷🌺🍺
You missed out there 🇬🇮
If you ever go let me know and we could meet up. We’re in the UK….
Thanks for the offer 🌺🇬🇮
The Apes are very naughty.
Dividend stocks will be hit hard should there be an increase in inflation and consequently higher 10yr bond
interest rates. We have no capital gains tax in NZ, so do exactly the opposite to you by avoiding dividend
stocks and buying for capital gain, if we need cash we can sell shares and hopefully receiving a capital
gain tax free. - It's a funny old world !!
'
Definitely a funny world 🌎 TFW and hope you have a great week Cheers 🍷🐣🍺🌺
Our banks are regulated more, Australian banks cut or suspended dividends ours have not, Bank of Montreal paid dividends every year for 202 years.
Can I adopt u both as mom and dad?
Thanks for watching 🌺
Very interesting!! I learned how to manage life.....Thanks
Be careful with the stocks
Nothing is guaranteed and they do go up and down 🌺
My husband and I will be in a similar situation in a couple of years when we sell our house here in Las Vegas. We’ll have a lot of equity with no debt. Our plan is to move to Ontario and we want to invest. May we ask what brokerage you are with? We want to stay away from high management fees. Thank you!
Sounds a great plan we use Investerline have a great weekend Cheers 🍷🇺🇸🍺🇨🇦
How can you make that much Interest on Your investments to live and travel, without spending any of your money from the sale of your house?
Because we also have state pensions Thanks 🌺
In the US, this would be NOBL and REGL. Here, AT&T is a high dividend safe stock.
Thanks for watching Cheers 🌺🍷🍺
Looking forward to your passive income video. I'm guessing one of them is UA-cam income?
That might be a good guess LOL 😂enjoy your week 🍷🍺🌺
Hi Norm and Tina! Thank you so much for sharing your wisdom. I will be going the dividend route and I can't wait to hear what you do for passive income. I am still working and hoping to jump out soon! I am trying to grow my You Tube channel and I would love to hear how you grew your channel so quickly. Do you know anything about You Tube Buddy? I think you use something else?
We us e VidIq for UA-cam analytics we have a link in our description. If you search our channel, we did one video about UA-cam tips. Thanks for watching and best of luck with your channel.
Hi Norm n Tina. I came across yr video just when I need advise my husband 63 n me 59 are looking to sell our home so we can have some retirement saving since we did not save enough earlier. How do we go about. We still have a mortgage we owe.
We recommend you go and speak to a Financial advisor at your bank 🌺
The challenging aspect is when you say have a reasonable income producing lump-sum, say more than 1M pre-retirement but rent. So my question to you is now that you have sold your house and rent, will you buy property again or always rent with enough money at hand. If you buy, a large sum is immediately fixed into property. Did this play on your mind when deciding? Is renting sustainable ad you age? Cheers
We believe renting is sustainable for us, we do not have more than $1M. The monthly cost of our mortgage free home was very close to our rent payment, but no unexpected maintenance liability. We have budgeted and also over a 15 year period developed a royalty income from photography that helps. With dividends, interest and government pensions (old age pension) and living relatively frugally, we save money monthly.
Love your retirement tips. Were you covered for any health expenses like prescriptions when you retired early? Thanks
No we pay out of pocket, lucky only one med and it’s very cheap, we also asked the pharmacist for a lower price and they agreed. Eye glasses we buy online saving $300 to $400.
Tanks@@ThisIsOurRetirement
as someone in their 30s i will buy all of those stocks and hold.
What a wonderful happy couple. I’m happy to be a subscriber.
Welcome aboard! we appreciate your support Cheers 🍷🌺🍺
I want to come out there to live, I'm 60 and single; " No pension" But have a house to sell €250,0000, I'm thinking about buying property to renovate, " been in construction 40 years, "
Rent them out,
Any ideas, advise on where you think the best areas to buy?
Thanks and good luck.
New Brunswick and Nova Scotia would both be good , Canada 🇨🇦 is a wonderful place to live Cheers 🍷🌺🍺
@@ThisIsOurRetirement I want to do it in Spain somewhere,
Thanks.
And where exactly do you hide this cash? Specifically
Haha
We don’t hide it, it’s all there for the taxman to see it
I'm 50 thinking of retiring at the end of the year. You're an inspiration,
Sounds great if you have the funds to do it we wish you all the best 🍷🌺🍺
Can you please list the good stock breakers you deal with thanks
Yes we use Wealth Simple
love your channel!!!
Thank you so much!! enjoy your day Cheers 🍷🌺🍷
What did you both do for employment on arrival from the UK in 1992?
We were in sales Cheers 🌺
I love and enjoy watching people investing into dividend stocks. Very smart! I'm 43 and currently building my dividend stocks just like you. I hope and prayed the me and my wife making all the right decisions and choices before we hit retirement
I would like to move to England is it expensive there?
Yes
Unfortunately either life has changed or I have. Its getting harder to deal with our fellow humans. Best to cash out and minimize the need for human dealings, particularly around business affairs
Did u pay capitol gains tax on selling ur home
No we didn’t Canada does not have capital gains on selling your primary residence, we also do not have tax relief on mortgage payments.
Travel to Scottland. It's worth it!
Yes it is Norm was born in Scotland been there so many times. 🏴🇨🇦
My bucket list. Thank you!
I would love to, we have 2 little granddaughters in Edinburgh that we haven’t seen since COVID began😢.
Ontario Granma🥰
I agree with what you think! Good job in my view.
Thanks Ray it has worked for us Cheers 🍷🌺🍺
I saw your RV from Ontario to Vancouver. I am interested in the dates, I know it was April but the day you left
We left April 23 from Toronto the trip finished May 7 th, due to the awful flooding in BC some of where we travelled might not be possible now 🤔Cheers 🍷🇨🇦🍺
Thanks for your snow pictures and...
I was planning to leave Victoria April 15 th. I don't think I will make the time I had planned if I have weather like the video.
@@dougdoty4718 It was definitely eventful weather ☃❄yes good idea to allow extra time for your trip Cheers 🍷🇨🇦🌺
I will love when every day is a Saturday.
We hope you get there soon Moe Cheers 🍷🌺🍺
Did you have to pay any taxes due to selling your home?
No
Where are you going to live now? I don’t think this was smart
you are great,such a great information,thanks ,many warm greetings
Thank you too!
You’re videos are so practical and exactly what we need to hear…. Just wish you were in the US. ❤
Great!! This is a really interesting video
Glad you think so! glad you enjoyed it Cheers Da 🍷🌺😎
Hi! Just started watching your videos this week. My husband and I are both 52 and retirement will likely be at 60. Do u do all your own financial planning for did you hire a person or firm? If you hired, any recommendation on what to look for? Thanks! Happy new year!
Yes we do our own financial planning it’s a hobby for us and another learning opportunity, when you research it, it becomes quite simple. Maybe start by asking family and friends for a recommendation or stop by your bank and talk to a financial advisor. Thanks for watching our videos we really appreciate it.
I advise you to do your own financial planning. I once had a so called "financial planner" visit me at home. After a few minutes of pleasantries I asked to see his own personal bank statement. "What for?" he muttered. Needless to say, he refused to disclose his own financial position to me and made a hasty retreat. Be aware, 'financial advisers' get 'financial kickbacks' from the companies whose products and services they recommend and many live on the breadline themselves.
@@stevenhull5025 Wow interesting story thanks for sharing Cheers 🍷🌺🍺
👍👍✌️
Thanks for watching Cheers 🌺🍺
All in all some good plans and somewhat hedged but CPP is not quite the same as social security in the US plus with the increase in the real estate that far exceeds passive investing profitability I don't see the reasoning to rent over own. Maybe downsizing to a condo in a cheaper market would be a better option. Seeing that you're confident in dividend stocks, why wouldn't you self invest dividends in your TFSA rather than high interest accounts there? I guess it suits your lifestyle to travel but trailer park living in the summer also comes with extra costs and responsibilities/restrictions to the lot so you may as well own. My wife is from the U.S and I have opted to take my CCP early but my Canadian Old Age pension and benefits will bring an added level of freedom as well as ownership downsizing (condo) can provide a great hedge and TFSA max out will guard us against clawbacks.
Property ownership comes with unplanned unexpected maintenance repair costs, renting does not, the costs of ownership are not the profound pocket, real estates sales commission, lawyer fees, land transfer and moving costs. Most people have no idea about carrying costs of home. ownership. You either get it or not.
Hello how did you learn to invest in market .Is there any advice that you would give in how to reasearch and learn in detail.want to learn to invest for future as we would to retire in five year from today but don’t kno any thing about investing😟
Thanks a lot for all the information and waiting for your passive income advise
We just read personal finance books, watch CNBC money shows and read, UA-cam has a ton of videos about the subject. We need income so dividend stocks are more important than growth stocks but first and foremost save some money, 10% of your income each month if you can. It became a hobby for us, we want to control our future. Thanks for the question it was really good, best of luck.
😊 thank you
Are there any finance books that you read beside you mention on your video 🙂
to keep your GIS (Canada) it may be better to take UK OAP later (get more of the frozen pension) it is taxable income in Canada
Anytime you take it it is taxable 🌺
@@ThisIsOurRetirement, yes, but having it may increase your income perhaps beyond the GIS threshold? So having HIGHER frozen OAP later may be better?
you are right it is a delicate balance, thanks for your suggestions, the reality is with UA-cam and pensions and side hustle GIS for us is on borrowed time.
Did you buy your car and trailer out right?
Yes both used and inexpensive
Hello both! Did you go to a financial advisor or decide on your investments yourselves through research? I’m in Blighty so things are different over here, of course (and changing all the time!).
Thank you for your lovely videos x
No we didn’t have a Financial advisor we have done it all our selves after research hope you have a great weekend Cheers 🇬🇧☕️🇨🇦
Thank you Norman & Tina. My instinct is to do my own research as to future-proofing my finances. You’ve been most helpful. Enjoy your weekend too…it’s blinking cold and foggy in Somerset today so its DVDs and hot chocolate for us 😂🇬🇧
You maybe able to take a finance course through the local education system (night school), on personal finance to get a greater knowledge of personal finance and investing. Have a great weekend.
That’s a really good idea, I’m going to look into it. Ta 🇬🇧
Wonderful info. Thank you
Glad it was helpful!
I really like your videos. You inspired me :)
Awesome! Thank you! 🌺
That's a good one. Interesting about keeping the money pot to what it was whilst enjoying all those cruises. Possibly similar to things we do although I tend to choose Funds rather than stocks for investing. The return is good and the risk is greatly reduced. Some index linked funds like Vanguard have huge holdings, some with thousands of companies in one fund so the risk is considerably reduced. You could actually hold only one fund and be spread so widely that the normal ups and downs of stock markets are hardly worth talking about.. I like the sound of the Aristocrat dividends. I haven't heard of those but they may be something that is available in Canada and USA, but not UK? Will now look for more of your interesting videos.
We are so glad you are enjoying our videos, actually the Aristocrat stocks are in the UK 🇬🇧 too , it was a nice feeling selling our home 🏡 then investing the money which is nicely generating dividends, have a great weekend Cheers 🍷🇬🇧🍺🇨🇦
@@ThisIsOurRetirement Thank you. I have been looking at them between your video's and some look very interesting.
@@malcolmalexander5246 That’s great we are not advising you to invest , we are just telling our story Cheers 🍷🇬🇧🍺🇨🇦
Great video. Trailer season almost here! May I ask why you took CPP at 60 with a 36% cut? Curious as to your thought process. Many use their RRSP/RRIF to fill the gap until they take CPP. Looking forward to the passive income video.
This is only our story, not saying we are right. We stopped contributing to the RRSP because of poor returns and high MER’s, we were not experiencing the high to low salary advantage of the RRSP instead we paid those payments into our mortgage. We took CPP early because we have doubts about longevity and how many people have put it off only to never collect on it. We also had royalty income and the CPP was a nice top up so we could pay our way. Passive income has been our key to early retirement.
@@ThisIsOurRetirement Thank you for sharing these details. I have a similar approach towards CPP and OAS. Passive income is also the key to my early retirement but I have the advantage of a pension. Keep up the fantastic commentary.
Thanks have a great Easter 🐣 weekend Cheers 🍺🐣🍷
I was also interested in your answer and of course one has to take into account any health issues that are known. If this was not an issue waiting until at least 65 is the better option (as long as money is not immediately needed) and even up to 70 if at all possible BUT of course this is the harder sell and it depends on many factors and many people are influenced by fear. It is an interesting ongoing discussion when people reach this stage but remember that CPP and OAS are indexed for the rest of your life and the chances of living into your 90s is increasing.
don't be stupid, buy Bitcoins! or at least Silver.
You two are adorable, I love the fun you clearly have in filming your videos, your enthusiasm is infectious. I also live in Toronto, I'm 51 and thinking more and more about how I will be able to retire. Thank you for your videos!
Can I ask for clarification. Did you say you are collecting your CCP at 60? If yes why did you do that I heard you get less when you don’t wait till your 65. I am 58 and lost my job due to COVID-19. So I was wondering if it worth it to collect at 60? New subscriber. Have a great weekend and stay safe out there.
Yes we both took it at 60 we believe in enjoying the money 💰 when you can take it as we don’t have a crystal ball 🔮 and don’t know what the future will bring . Cheers 🍷🍺
I also decided to take mine at 60, also let go during Covid. I should start getting my first payment soon. And I agree you never know what will happen so I am going to take the money that I paid into for years. If you find a job and continue working and don’t need your CPP for awhile, you could invest it to help when you do retire.
@@cathyh2086 Cheers 🍷🌺
I feel the same as others. I took mine at age 61.
Hello. We just found your site yesterday. You've made some smart choices there. Thanks for sharing. We will continue to watch as decisions are always forthcoming for us too. Happy Easter to you.
Thanks for watching and welcome to our channel hope you found it helpful, we hope you have a great sunny weekend Cheers 🍺🐣🍷🌺
Charming couple. Blessings on them!
Appreciate how she said oh my goodness and didn't take the Lord's name in vain like so many do without a thought.
Thanks for watching enjoy your day 🌺🍷
I think in retirement having 50% of your money in secure cash or near cash investments is often a good idea. It buffers you against volatile markets and you have money you can count on. There's a lot to be said for peace of mind when you are retired.
My investment mix is quite a bit different from yours and we haven't started our CPP & OAS yet (we are waiting until age 70) but we've been retired for 6 years, travelled etc., and like you our capital has hardly budged. Of course there have been good markets over that time, and sooner or later that will change, but it sure is confidence building after you take that step into retirement with no certainty of how your finances will pan out.
The last 5 years have been quite uncertain financially, three good market corrections and a pandemic! The old saying cash is king is haunting us lol. We think not being greedy for returns is prudent at the moment. Thanks so much for watching, have a nice weekend.