Category Archives: Retirement

A common retirement planning mistake

Retirement accounts are generally lauded for being tax friendly. But what if you’re a high income earner? 🤔 Can contributing to a tax advantaged retirement account hurt you instead of help you? Yes. I’ll demonstrate how in today’s post. A lot of readers here make over $100,000 a year. So let’s approach retirement planning from a taxation and… Read More »

The story of 2 investors

This true story I found in an online journal depicts the magic of compounding and the impact behavior has on our finances. Grace Groner and Richard Fuscone Grace Groner was orphaned at age 12. She never married. She never drove a car. She lived most of her life alone in a one-bedroom house and worked her whole career… Read More »

Don’t feel guilty about taking government benefits

One of the great advantages of living in Canada is the generous government benefits system. Had a baby? Take some tax-free child benefits. Lost your job? Apply for employment insurance benefits (EI.) Making low income? There are multiple assistance program for you. 🙂 But one dilemma facing the financial independence/early retire community is whether or not we should… Read More »

Taking Advantage of Opportunities to Retire Early

By | 06/19/2019

Dale Jackson retired at the age of 55. He didn’t win the lottery or start his own successful business. He just worked and saved diligently throughout his career as a media journalist, most recently known for writing investment articles for BNN Bloomberg. He explains how he achieved early retirement in a recent interview. Here are some highlights below. Keep… Read More »

Creating a Life Plan

Schedule the Life You Want Without focus and direction, it’s easy to get lost. Imagine we are sailors looking for a remote island to retire on. We could sail aimlessly in the open waters for 40 days before finally finding something we like. But if we plan and pick a destination beforehand, then we can arrive there much… Read More »