Tag Archives: retirement

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- Masters of Money

Finding Your Findependence

Clearly, there is no one-size-fits-all prescription for retirement savings. Some can’t wait to bid adieu to bosses, commuting, meetings, budgets and the rest of the corporate grind by age 55. Others, often blessed by being in creative fields like art or music, can’t imagine not being productive citizens well into their 70s or 80s. Similarly, the “how much is enough?” question varies widely. MORE

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- Masters of Money

The Financial Lifecycle

Canadian investors come in all shapes and sizes. It’s clear that those in their 20s are in quite different financial circumstances than those in their 60s and 70s. That said, most of us travel pretty much the same trajectory as we age. Our lives proceed in predictable patterns: we are educated and learn a trade, get married, have children, buy a home to raise them in, then try to get out of debt and create a nest egg for the inevitable moment when we can no longer earn a living. MORE

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- Masters of Money

Do You Really Want an Early Retirement?

A recent poll found that Canadians of all generations hope to retire before the traditional retirement age of 65. And yet the global trend is to work longer, not retire earlier. People are living longer – a trend that’s reinforced by steady advances in medical technology as well as more positive lifestyles embraced by those still in the workforce. MORE

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- Masters of Money

The Myth of Early Retirement

It’s ironic that despite all the financial columnists and bloggers who write about early retirement, when push comes to shove, few actually retire “early.” “Early” usually means at 55 years of age – the numeral immortalized by London Life (now Freedom 55 Financial). In practice, only career government workers who joined defined benefit plans upon graduation actually experience such early retirement. MORE

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- Masters of Money

Investing Through the Ages

I wasn’t always a personal finance and investing guy. Back in my 20s, I was a young reporter who made a good living, but was kind of clueless about money. Let us just say that investing mistakes were made. Nothing too horrible, mind you. I didn’t blow a fortune or make one for that matter. However, I did begin learning a lifetime’s worth of investing lessons that I’d like to pass along here. MORE

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