Subj : Sigh
To   : Rob Mccart
From : August Abolins
Date : Sun May 25 2025 03:29:00

Hello Rob!

** On Thursday 03.04.25 - 00:28, Rob Mccart wrote to KURT WEISKE:

 KW>> I'm going to be retiring in the somewhat near future, want to be able to
 >> enjoy my retirement without self-inflicted health issues hampering that
 >> time.

 RM> Yes, a lot of people wait until they are too old and in bad shape to
 RM> retire and basically end up having worked their whole life just to
 RM> leave money to their family, if they managed to accumulate some.

 RM> I haven't worked for anyone else since I was 32. I planned to retire
 RM> fairly comfortably by age 55 but things happen. I quit a job I'd had
 RM> for 6 years expecting to work for the competition after an offer of
 RM> pay 50% higher than I was currently getting.. Long story short, I
 RM> had some time off between jobs and found I could make enough money
 RM> from investing to live on, so I figured I'd wait a while to go back
 RM> to full time work.. I never did.. I did some part time self employed
 RM> work and made enough that I could let my investments grow without
 RM> touching most of it.

This guy almost sounds like he's using your approach.  But he  
seems to have more money to work with than several of us put  
together:

https://archive.ph/5a9Kv

This is what this guy is working with:

The Person: Preston, 39.

The Problem: Is he saving too much or too little to retire at age 58?

The Plan: Keep saving. Consider paying off his mortgage before
he retires and deferring government benefits. Update his
forecast as he nears retirement age.

The Payoff: A look at the alternatives that might be available
to him when he retires two decades from now.

Monthly net income: $10,440 ($7,275 from salary plus $3,165 on
average from self-employment).

Assets: Bank account $17,800; TFSA $92,185; RRSP $282,600;
residence $586,000. Total: $978,585.

Monthly outlays: Mortgage $2,205; condo fees $400; property tax
$260; water, sewer and garbage $85; home insurance $75;
electricity $70; heating $165; transportation $240; groceries
$350; clothing $50; dining, drinks and entertainment $600;
subscriptions $30; phones, TV and internet $125; RRSP $2,400;
TFSA $585; pension plan contribution $760. Total: $8,400.
Surplus goes to discretionary spending, including travel, and
saving.

Liabilities: Mortgage of $368,600 at 5.14 per cent.
-- 
  ../|ug

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