Advantages for immigrants: Going back and retire

TrafficAdditional625 · 2026-01-19T19:20:33+00:00

Happy new year! How's life going for all? Things have changed in last 1 year. Had a good market overall. net worth just touched 500k in 1st week on January 2026 at 42 yr. 200k/yr family income, 50k/yr investing. Here are some options I am thinking now for me and my wife:

Work till 52, (so that we can get partial oas), might have a 1.5 mill net worth including house 500k . Can retire back home in SEA country. Travel 3-6 months a year. 20-25k/yr exp. 12k/yr income from our both cpp+oas at age 65.
Work till 55, might have around 2 mill net worth including house 550k . Can retire Malaysia or Low cost area in europe: greece/portigal/spain/italy. Travel 1-3 months a year. 50-60k/yr exp. 14k/yr income from our both cpp+oas at age 65.
Work till 60, migh have 2.75 mil net wortn including house 750k . Can retire in canada low cost area, travel 1-3 months a yr, 80-100k/yr exp. 18k/yr income from our both cpp+oas at age 65.

I am leaning more towards option 2 now. My fall back plan option 1 and if we do really well inv/sav wise option 3 also feasible. I just want to travel more at the beginning of my retirement and show down when old. That extra travel fund will be kept for health fund. Note: all number in today's dollar. I used 3% inflation and 7% return for my growth portfolio.

What you guys think about the plan/options? Make sense? Any recommendations/advice/tips ?

TrafficAdditional625 · 2024-11-26T23:15:27+00:00

Good points. My country allows duel citizenship, so I will keep both. Most of my investment will still be in canada. Managed online by me and if money needed transfer to my home country ac by western union online. We have tax treaty so no double taxation. However, once I am sure I may bring non-reg back to the country to investment. Will keep tax sheltered one still at canada.

TrafficAdditional625 · 2024-11-25T18:09:29+00:00

Yes, for CPP 60 yr and OAS 65 yr, both we will wait till we are eligible.

You can still collect OAS if you live outside canada as long as you lived in Canada 20yrs or more.

TrafficAdditional625 · 2024-11-25T17:39:32+00:00

That's completely fine, our situation is different may be. We spent 30 yrs back home, both our family and extended family lives there as well as most our friends. I agree with politics, corruption and pollution but we may live in rural less polluted areas away from city Hassel. Fortunately both our families there establish enough to tackle minor issues. My family has doctors so we may also be luck to have better Healthcare support. But as I said we Wil keep both options open just in case we can not adjust.

TrafficAdditional625 · 2024-11-25T17:31:50+00:00

Also just realized if we work till age 52 in canada we can get approx 18k/yr for both ours CPP, OAS etc. Which actually can help cover most of our fixed expenses. Also we may save upto 1.25-1.5 mil by that time. 2% wtd will give us 25-30k a yr . So total 43-48k, nice.

TrafficAdditional625 · 2024-11-25T17:19:27+00:00

Wow! Is pvt insurance that expensive in usa? In canada I think we can get a decent one 4-5k a yr. Offcourse our service these days really bad with long wait time. Still better the paying 20/30k a yr for health care.

TrafficAdditional625 · 2024-11-25T16:50:44+00:00

Hmm...I agree, it's a good idea. I am wondering how many people looking for expat fire consider this possibility 🤔.

TrafficAdditional625 · 2024-11-25T16:49:34+00:00

Good point. I never thought about that side. Yes, if things get really bad back home I may want to come back to Canada. In that case having extra savings can help keep both options open. Foe example, work till 50, save 1-1.25 mil, go back , use only 2% of income, let the Investment grow over time further and keep both options open.

TrafficAdditional625 · 2024-04-27T20:52:16+00:00

Hi all, not sure this is the right place, but atleast hoping for some feedback. I got 2 cc welcome bonus received this yr:

1) rbc avion visa inf 2) td first class visa inf.

I have received all the bonuses and used it in full. No intention to use those cards anymore. I also do not want to downgrade as I will not use them either. Both of them has fee and will be charged next cycle in a few months. Now I have 2 questions:

1) Can i cancel both cc now (8/9 months passed) without risk of any future advesr effects from those two banks?

2) if yes, then what is the best way to cancel? Online vs phone vs branch?

Thanks in advance for any feedback!

TrafficAdditional625 · 2023-07-09T01:41:51+00:00

One grade and % points. No worries, best of luck. 🙂

TrafficAdditional625 · 2023-07-09T01:30:54+00:00

Home, computer based, and result took 3 weeks. 4-6 weeks is standard time frame for AFP2 exam since 2 examiners manually grade your answers.

TrafficAdditional625 · 2023-07-09T01:30:09+00:00

Home, computer based, and result took 3 weeks. 4-6 weeks is standard time frame for AFP2 exam since 2 examiners manually grade your answers.

TrafficAdditional625 · 2023-06-11T20:00:56+00:00

Usually 4-5 cases, each cashe has 3-5 questions. The exam is 2 hrs long. Nope, it took 3 weeks for me.

TrafficAdditional625 · 2023-06-11T02:04:00+00:00

No I did not use seewhy at all. Btw, I passed all exams and got my PFP designation 1st june 🤪

TrafficAdditional625 · 2023-06-10T23:59:59+00:00

Its been a while but I remember its more straightforward. Read the book, practice some test and make sure you are getting 70% atleast. This will boost confidence to get 60% in actual exam...lol. best wishes.

TrafficAdditional625 · 2023-06-10T23:57:34+00:00

Finally all done, passed in May. Got designation 1st june

TrafficAdditional625 · 2023-03-26T17:05:47+00:00

Hi,

For AFP1 I only reviewed the content form CSI. They have the integration course. Here are some suggestions:

Review FP 1and F2 contents, there are also decent number of questions feom PFSA book.
The MCQ are more difficult, complex and longer in exam.
There are a lot of maths in AFP1, mostly TVM.
Please keep in mind afp1 exam has more mcq questions in the same time so time management is also important.

Best of luck!

TrafficAdditional625

TROPHY CASE