5 Comments

  1. It’s fascinating how little capital gains taxes are. That’s why having all of your income come from capital gains is a smart move to take.

    Good luck on the withdrawal strategies! It seems mine is always changing and I’m not sure if I’ll ever stick to one long term over the years, haha.

    • Thank you for reading!

      I have to say I anticipate changing strategies here and there. However, it’s kind of comforting to have a general line of conduct in mind. There simply is no way to anticipate what life has in store for us. Just seeing how the markets swing every which way, any strategy will need to be reviewed every year.

      Considering how I like to crunch numbers and optimize things, I find that aspect of FIRE absolutely exciting. 🙂

  2. 😍😍 Thank you for mentioning my post! You and I are so similar in our money approaches: very little cash and very high tolerance for risk (aka volatility). I love it!

    This is a very solid withdrawal plan. You are doing really well and on a fast path to FIRE. Very impressive. Keep up the great work on your finances and the blog!

    • You’re welcome! I have to agree that we have very similar approaches to money. No wonder why I love reading your blog so much. 🙂

      Thank you so much for reading and commenting! I’m honored. 😉

  3. Interesting.

    Me 46, wife 50 kids in Uni/college (22-20-18)

    I started to invest few years ago. I wanted to reach a point where I could say:”hey, regardless if you lose your job, you’ll have a roof and 3 meals per day. I think I reached that level now.
    In fact, I think that I could completely retire.

    I run scenarios and scenarios on my spreadsheet. 4%, 3%, how about 3.5%. or 3% plus part time job? Etc. I’m sure we all do the same thing.

    One thing I have a hard time to figure out now, and you touched the subject above, is the QPP… Should I stop working now, what would be the impact on the QPP? Will I have to keep contributing every year? Will the amount be lower at 65 if I don’t work between 50 and 65?

    The other question that blocks me a little is that a part of our funds is linked to the equity on the house. In my spreadsheet, I can take the 4% out of the rrsp until I reach 87y/o. Then, the RRSPs (ou le FERR after 70) will be replaced by the value of the house who, with a conservative 2.5% increase of value, could be transformed into funds for our remaining years… hopefully they won’t find cure to make us live until 150 years old! 😉

    Anyhow. For now, I think I’ll keep pushing until the kids are done with school and start to live on their own. 3-4 years I believe. Then maybe becoming a CEGEP teacher? Or drop one of my 2 current contracts and work 20h/week instead of 55. :). It’s a new career so I enjoy it. But it is good to know that I’m almost done.

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