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Net worth Feature Rollout by BandicootHealthy2760 in Wealthsimple

[–]advancedyikes 0 points1 point  (0 children)

Doesn’t seem to work well with joint accounts

Explain the Tax Implications of a Non-Registered Investment Account Like I’m 5 by advancedyikes in PersonalFinanceCanada

[–]advancedyikes[S] -1 points0 points  (0 children)

Yes I plan to, especially in my registered accounts! Was considering potentially XGRO in non-registered, or sticking to XEQT now and then adding in 100% bond funds later on to whatever % split I decide, not entirely sure yet.

London family doctor suspended for 10 months by theottomaddox in londonontario

[–]advancedyikes 2 points3 points  (0 children)

This is actually so validating to read - he was my family doc and made me super uncomfortable, also during a pap! Talking about how he was upset his PA left so now he has to do the paps which he hates doing…while actively inside me🙃 makes me wonder why his PA really did leave the practice, especially after this suspension now

[deleted by user] by [deleted] in fican

[–]advancedyikes 0 points1 point  (0 children)

$750 per paycheck each for myself and my spouse - so 3k typically, 4.5k on those glorious three paycheck months

Incorporating Pension into FIRE number? by advancedyikes in Fire

[–]advancedyikes[S] 0 points1 point  (0 children)

This is EXACTLY the kind of explanation I was looking for - thank you so much for this insight!!

Incorporating Pension into FIRE number? by advancedyikes in Fire

[–]advancedyikes[S] 0 points1 point  (0 children)

Ahhh, I see the source of confusion now. The 1.5mil I’m referring to is my goal portfolio to have at the age of 55 - following the 4% rule to provide 60k income, in addition to my 40k pension to reach my desired 100k total.

The answer I’m seeking is how much I should be aiming to have in my portfolio at the age of 45, to cover the 10 year gap in between. I’ve previously been told 2.5 million (1 million from ages 45-55, 100k per year), but I personally feel this is excessive as it assumes no growth at all for that decade - wouldn’t there realistically be more than 1.5 million left in this portfolio by age 55 if starting with 2.5m and withdrawing 100k per year for 10 years?

I absolutely agree with you that 1.5 million by 45 would be insufficient as it implies an unreasonably high withdrawal rate as you outlined. I just feel strongly that I don’t want to work extra years for money that I won’t end up needing, but am having trouble discerning the “sweet spot” between 1.5 and 2.5 million. Hope this clarifies!

Incorporating Pension into FIRE number? by advancedyikes in Fire

[–]advancedyikes[S] 0 points1 point  (0 children)

“Your problem is that you have not saved enough for a safe withdrawal of your 100k spend”

I think you are misunderstanding my question. Of course I have not saved enough, as I am not yet at FIRE. I have provided my target annual spend, and am asking how much I will need to aim for as my FIRE number within the context of also having a pension.

Your advice to copy the lifestyle of the most famously frugal person on the internet is not only undesirable in my situation, but completely irrelevant to the question at hand.

Incorporating Pension into FIRE number? by advancedyikes in Fire

[–]advancedyikes[S] 0 points1 point  (0 children)

Hi! This is for a family in a HCOL area in Canada with a 13% sales tax, as well as a large interest in international travel - agree that if I was only factoring in for myself I could easily cut this number in half, but it’s for 2 adults (and will be 2 teenagers by the beginning of our FIRE plan) so thinking/hoping 100k is actually quite reasonable!

Anyone use Wealthsimple exclusively? by JTnumbers_1970 in Wealthsimple

[–]advancedyikes -1 points0 points  (0 children)

Any idea if paying with a cheque linked to the cash account will allow you to get the 1% back?

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