Have We Lost Our House Money

Have We Lost Our House Money | Will It Last?

Рет қаралды 18,696

Ай бұрын

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Complete honesty to where our money from the house sale went, we made some big expenditures what was left and where did we invest it. Where did our house money go, join us for a complete breakdown. How we invested our house money to grow our savings, join us for a breakdown.
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Пікірлер: 239

@ThisIsOurRetirement Ай бұрын

Get 15% Off Your Saily e-SIM Here For Over 150 Countries saily.com/ourretirement 👍

@barfed64 Ай бұрын

@@ThisIsOurRetirement Thanks! Normally use Airalo, but will try Saily on our trip to France in Fall!

@timelston4260 Ай бұрын

I'm glad stock picking is working for you. I tried that in my thirties and did no better than break even. In my forties I learned about index funds, and that has done much better for me. If any of your viewers have bad experiences with individual stock picking, investing in low cost index funds and ETFs is an excellent alternative.

@mozerm Ай бұрын

Agree. No one beats the market long term. Individual stock picking is not only stressful but also unproductive most of the time.

@ThisIsOurRetirement Ай бұрын

Thanks for the tips!🙂

@nancykoo4156 27 күн бұрын

I got a very good advice from a long term friend, stocks doing well these days.

@LoriLWorden Ай бұрын

Your set up with your trailer looks beautiful. I love seeing the photos. Lovely trees.

@ThisIsOurRetirement Ай бұрын

Thank you so much! it is very pretty and relaxing there Lori Cheers 🍻🌺🍷

@annapower9799 Ай бұрын

Very interesting and informative! Thanks for sharing. Looking forward to a video with your experience and “advice” re credit cards, especially those that help offset travel costs.

@brians7419 Ай бұрын

Everyone’s financial journey is different and it’s great to hear your thoughts. Thanks for sharing! You guys are so down to earth and seem to really enjoy the simple things in life. Cheers!

@ThisIsOurRetirement Ай бұрын

Our pleasure! thanks for watching 🍻🙂

@brassj67 Ай бұрын

Thanks for the Saily plug. I will be using this next time i go back to the UK.

@ThisIsOurRetirement Ай бұрын

Awesome!

@laurawalker6431 Ай бұрын

You are cool guys! That’s so useful for us all. Very inspiring and very wise! Thank you!

@ThisIsOurRetirement Ай бұрын

Our pleasure! 🙂🌺

@ItsBlissfulAcres Ай бұрын

thanks for sharing, good to hear you are doing well.

@ThisIsOurRetirement Ай бұрын

Thank you 🌺🙂🍻

@gennesamann4323 Ай бұрын

Valuable information here!thank you! ❤

@ThisIsOurRetirement Ай бұрын

You're so welcome! 🌺🙂

@bruceprentice6441 Ай бұрын

Enjoyed your video, and my wife and I are actually opening a second TFSA today. Nice to hear that we should be on the right track with this investment plan. At our appointment today we are also looking to make a different bank our primary bank, as they offer no charge banking to folks over 60, and our current bank charges for deposits, withdrawals, debit transactions and even charge a monthly fee just for having a checking/savings account. You offer good advice, in simple words, not in “lawyer speak “.

@ThisIsOurRetirement Ай бұрын

That is awesome! 🌺🙂

@AG-so4gl Ай бұрын

Sold my house, cash in high interest accounts for now, will stagger money in to ETFs over time, and others... And head to SE Asia, semi retire and relax, 10 years earlier than thought. Life is for living, right.. 😊

@ThisIsOurRetirement Ай бұрын

Sounds great!good luck 🍻🙂

@TT-fq7pl Ай бұрын

SE Asia? Why on earth would you go there unless you came from there originally?

@rbanker76 Ай бұрын

We really enjoy the rapport between the two of you, great videos and information. Thank you for the e-sim tip. Would you consider doing a video that includes all travel "tech" related tips? You've got so many good ones throughout your videos, but having them all in one would be really helpful! Keep up the great work!

@ThisIsOurRetirement Ай бұрын

Great suggestion! we will look to do that thank you 🌺🙂

@terryevp4084 Ай бұрын

Love you guys for your honesty and wise words. Cheers . I'm going to get saily for my mom for her travelling. Thanks Guys

@ThisIsOurRetirement Ай бұрын

Thanks so much Terry 🌺🙂🍻🍷

@suzannecuerrier279 Ай бұрын

Great video. Thanks.

@ThisIsOurRetirement Ай бұрын

You are welcome! 🌺🙂

@susanacton5007 Ай бұрын

Another good one guys!. Love your honesty and willingness to share your retirement experience. Going to check out the Notice Savings Account. Thanks for the tip.

@ThisIsOurRetirement Ай бұрын

Our pleasure!

@ChoicesAndCherish 26 күн бұрын

Great job, you two! We like your videos and your vibe :)

@ThisIsOurRetirement 25 күн бұрын

Thank you so much 🌺🙂

@rachelpetry5888 Ай бұрын

Great video as always 😊

@ThisIsOurRetirement Ай бұрын

Thank you 🤗

@patsycathcart1 Ай бұрын

Thank you for another great video. Your transparency is so refreshing and beneficial to those of us who are interested in doing the same.

@ThisIsOurRetirement Ай бұрын

You are so welcome! happy Canada 🇨🇦 day Patsy Cheers 🌺🙂

@Jacquie_Kirk_111 Ай бұрын

Thanks for the tip on Carnival, i own stocks and didn't know there were perks! Woohoo! Thanks for another great video!

@ThisIsOurRetirement Ай бұрын

Happy to help! it’s a great perk Jacquie 👍

@NizarRawji-nz2qj Ай бұрын

❤ Very smart, wise strategies! Happy retirement and future

@ThisIsOurRetirement Ай бұрын

Thank you! 🌺🙂

@lorismith5369 Ай бұрын

Thank you for good suggestions! ( from Tennessee USA)😊

@helenpaul4886 Ай бұрын

Very interesting. Really enjoy your videos

@ThisIsOurRetirement Ай бұрын

Thank you so much! Cheers Helen 🌺🍷🙂

@sumonkirwin7005 Ай бұрын

Thanks for sharing 😊😊😊😊

@ThisIsOurRetirement Ай бұрын

Our pleasure 😊

@MariaSantos-fw8vu Ай бұрын

Great video🌷

@ThisIsOurRetirement Ай бұрын

Thank you 🤗

@patdennis2586 Ай бұрын

Thanks!

@ThisIsOurRetirement Ай бұрын

Thanks so much Pat 💕👍

@nancyelizabeth8364 Ай бұрын

Great video thanks maybe share a video on Eq banks interesting

@ThisIsOurRetirement Ай бұрын

We do mention EQ quite a bit as we have different accounts there Nancy Cheers 🌺🙂🍷

@TimelessWealthMentor Ай бұрын

"We bet it all on black"😂😂Love you guys; your videos are not only very informative, they are very entertaining too! Thank you!

@ThisIsOurRetirement Ай бұрын

Our pleasure! 🌺🙂

@samspade1841 Ай бұрын

Enjoy your videos. Appreciate your efforts

@ThisIsOurRetirement Ай бұрын

Glad you like them! thanks for watching 🌺🙂

@annbridge9173 Ай бұрын

I need has much information as I can get when it comes to investments. Great video!

@ThisIsOurRetirement Ай бұрын

Glad it was helpful! 🌺🙂

@MrGearoid65 Ай бұрын

Hey, there, guys. I'm so happy you're doing well with your investments. Makes life more interesting!!! 😊

@ThisIsOurRetirement Ай бұрын

Yes it does! thanks so much for watching we appreciate your support so much Cheers 🇮🇪 🍻🙂🌺 🇨🇦

@David-xb1si Ай бұрын

Just to clarify, the Carnival on board credit for owning 100 shares is $250 for 14+ day cruises. It’s $100 for 7-13 day cruises and $50 for cruises that are 6 days or less.

@ThisIsOurRetirement Ай бұрын

Yes thank you for clarifying David 🚢🍻

@user-oc5ux7tk2n Ай бұрын

You guys are so brave. ❤

@kellroy1778 Ай бұрын

Totally random but in one video you mentioned wrapping celery in foil. It works well. Thanks for the tip

@ThisIsOurRetirement Ай бұрын

It does!

@derekcox6531 Ай бұрын

I recommend the etf CASH currently paying 5% and sellable at any trading day. I also used to hold individual stocks. In fact every one you mentioned! Now I hold VFV,and a Canadian index etf. All of those are pretty steady earners.

@ThisIsOurRetirement Ай бұрын

Thanks for sharing Derek 🍻🙂

@irenaspilea4548 Ай бұрын

@@ThisIsOurRetirement Can you shareyour Canadian ETF? So far I own VFV and VDY but would like to learn more.

@francois3475 Ай бұрын

Interesting your investments. When you sell a stock, do you figure out upfront the tax consequence or just go ahead and work that that out at tax time? Useful video. Thanks

@ThisIsOurRetirement Ай бұрын

Yes we do think of that before we sell 🙂

@canpin Ай бұрын

Great video as usual. Ill try Saily too. Thanks! Just curious.. are the dividends enough for you to live off?

@ThisIsOurRetirement Ай бұрын

Yes they are thanks for watching 🌺🙂

@adm58 7 сағат бұрын

I suggest low cost well-diversified ETFs, such as Vanguard's Developed World (or many other similar ones) for shares and Money Market funds (very short term bonds) for cash. The one I use (I'm in the UK) is presently paying over 5%. Money in any of these funds is available same-day if required.

@ThisIsOurRetirement 6 сағат бұрын

Good ideas thanks for sharing!

@CogenMan3 Ай бұрын

Also did the TFSA max. Also the rest into a high interest savings account with Wood Gundy where we have all our other retirement money. This money is in dividend paying stocks. Also have Apple which we've had for many years. Looking at selling some of the Apple because we're up about 3900% from our book value.

@TheLiquidEdge 28 күн бұрын

Curious why you didnt opt for GICs that pay returns monthly vs high interest bank accounts? Did you require the liquidiity? I believe the returns would have been double with zero risk.

@christopherhurley8694 Ай бұрын

I'm a fan of MO, TFC, OHI, O and NLY. Excellent video. I envy you both. oh, and VZ. BMY look attractive also.

@evadeanu1 Ай бұрын

You guys are smart

@ThisIsOurRetirement Ай бұрын

We try to be Eva 😂😂

@barfed64 Ай бұрын

Cool Lisboa shirt!

@ThisIsOurRetirement Ай бұрын

We just got that on our Transatlantic cruise 🚢 we were there for a day 🍻👍

@artsmith9300 Ай бұрын

Love you two and the great videos ! Art S mith

@ThisIsOurRetirement Ай бұрын

Thanks so much! Cheers 🍻🙂

@sjbutler2330 Ай бұрын

Tina and Norm , I admire your honesty, direction with your financial wisdom and you two are doing well. Being single, I invest for one in safe areas, not stocks. I don't have that kind of know how. My home is paid for, and have invested $300 th. My trap is full and tfsa is topped up to the max. I am trying though. Sandra 💙💫💙

@sjbutler2330 Ай бұрын

Rrsp

@ThisIsOurRetirement Ай бұрын

Sounds great Sandra we also like high interest savings accounts to be safe too 🌺🍷

@johnballard6725 28 күн бұрын

Your idea of renting in a controlled unit makes sense although such units are not that available to Canada ?

@ThisIsOurRetirement 28 күн бұрын

Yes you are right, the rent control is mainly Ontario, Canada.

@dwaynecostello5788 Ай бұрын

Another great video! very informative, one question regarding the sale of your house.. did you sell it yourself or use a realtor? I'm guessing the thought of giving 4 or 5 % of the sale to someone else was not appealing :) cheers!

@ThisIsOurRetirement Ай бұрын

We sold it ourselves saved a lot of money 💰 Dwayne it worked well 🍻🙂

@MrKevinbeagle 25 күн бұрын

@@ThisIsOurRetirement yay I’m so glad you said that !! - we have never used a realtor when we either bought or sold and it’s probably saved us upwards of $50-66k USD

@nathalienurse3336 Ай бұрын

How nice to see both of you again. I like the way you are handling your money. I need to learn about stocks, trading and investing to make a few more dollars. How does Florida measure up to being a snow bird compared with my beloved Portugal? Wishing you both the best!………🤗🇨🇦

@ThisIsOurRetirement Ай бұрын

Florida rental accommodations are more expensive than Portugal, thanks for watching. 🇵🇹

@jovicrazed Ай бұрын

The EQ 10 day notice is interesting. I'm not at retirement age yet and the bulk of my invesments are in TFSAs or RRSPs but I do have some cash in HISAs and usually get 5.5 - 6% at Tangerine or Simplii. Unrelated - I've been researching Portugal for October. Travel planning is about the only time that I wish that I lived in Ontario rather than western Canada. So many destinations are so much easier from Ontario.

@ThisIsOurRetirement Ай бұрын

It is great not having that Western Canada extra flight, your 5.5% rates are promotional rates whereas the EQ isn’t. Thanks for watching and Portugal is well worth the visit 🇵🇹🇨🇦

@jovicrazed Ай бұрын

@@ThisIsOurRetirement Yes, I know that those are promotional rates. They're often good for 6 months at a time. And, for me, this is only a small amount of cash and not retirement investments or money that I need to live off of currently. I wish that the latter was the case as that would mean that I was retired. :)

@kdunlap3289 Ай бұрын

My mother now deceased invested little by little in the utilities at & t, dte, semco with reinvesting until retirement. Thinking at retirement the dividends would pay the monthly bills. We sold the AT&T when my youngest went to college and I paid mom back monthly. SEMCO(natural gas) was state regulated and didn't grow very fast, so it was sold for a house repair, but came in handy that way. DTE paid the way mom anticipated, but she chose to us the money to support my sister a missionary in Thailand and leave the remainder to her as a nest egg when her husband would die. I have stock in a utility, a pharmaceutical, and a smattering of other small investments. They were all "penny stocks" purchased individually. Will it be a nightmare for my children later?

@ThisIsOurRetirement Ай бұрын

Just leave a letter outlining where they are and any passwords to access the stocks.

@thefatbaker Ай бұрын

Good evening Norm and Tina, what are stock "pull backs"?

@ThisIsOurRetirement Ай бұрын

It’s when there is a pause or a price lower than normal so it’s a good time to buy 🙂🍻

@thefatbaker Ай бұрын

@@ThisIsOurRetirement thanks 😊

@todddunn945 Ай бұрын

The only risk with high yield savings accounts is that, at least here in the states, the interest rates fluctuate almost on a daily basis. So if the government cuts bond rates those savings rates tend to track down almost immediately. Personally I have been toying with buying a 20 year treasury bond as a buffer if rates go down, but am hesitating because I am old enough that 20 years is too long a horizon. Basically I am unwilling to tie money up for that long. I may increase my position in AT&T since its dividend is not in the 6+% range. I may buy some on the next pull back.

@jameslazar4873 Ай бұрын

Just to correct you, Norm... the TFSA limit hasn't been $5500 since 2019. It goes up to allow for inflation and last year was $7000, with the previous two years being $6500 and $6000 respectively. If any of your viewers are not familiar with TFSAs, I would encourage you to research them today, as it is the most powerful savings vehicle available to you.

@ThisIsOurRetirement Ай бұрын

Yes you are right James guess it’s harder to remember the number 💰when filming live 😂😂 we are fully up to date on funding ours Cheers 🍻🙂

@fasteddy-fd3kr Ай бұрын

Very useful information. Investigating the options.. High interest savings...you get taxed on 100% of the profits just like salary. Canadian dividend paying stocks... No tax on dividends... Unless they change it too. ETF vs Covered call funds for monthly income 🤔 The latter provides more income.

@ThisIsOurRetirement Ай бұрын

Thanks for watching 🌺🙂

@mr.gregory6768 Ай бұрын

Was curious if you still own Telus stock. In a past video you mentioned that you owned it and the stock had split.

@ThisIsOurRetirement Ай бұрын

Yes we do

@paulhunter6652 Ай бұрын

Hi Norm and Tina: Quest Trade sounds interesting. We earn close to 5% in our high interest savings account. Ai keeps us busy with Google, Amazon, Microsoft, Salesforce, Qualcomm, Zscaler, Apple. I don’t always follow the experts advice as they are wrong sometimes lol. The banks including Morgan Stanley, Royal Bank have done amazing. Cheers! Happy Canada Day! PS. We drove to your area and checked out the apartments. Paul and Helen.

@ThisIsOurRetirement Ай бұрын

Guess we have some similar shares , What did you think of the apartments in our area 🤔 Cheers 🍻🙂

@paulhunter6652 Ай бұрын

@@ThisIsOurRetirement. We looked at one unit on a main floor under renovation and it was spacious but dated. Large balconies! The drive was beautiful but we think the area is a little too isolated for us. The apartment rental availability at present is very challenging. We have toured a lot in KW. Have a great weekend.

@ThisIsOurRetirement Ай бұрын

Were you looking at Realstar corporation or Drewlo Corporation both very large companies in Southern Ontario 🌺

@paulhunter6652 Ай бұрын

⁠⁠⁠@@ThisIsOurRetirement. Drewlo and others…

@brassj67 Ай бұрын

ETFs are a good choice for people who are wary buying individual stocks. I have some indexed to the S&P500

@ThisIsOurRetirement Ай бұрын

We agree!

@qwaqwa1960 Ай бұрын

Even in Canada, an eSIM can provide cheaper data than your native provider, and even work better if it connects to multiple networks. Crazy. Lots of eSIM providers out there. If only I had a phone that could use one! Someday...

@Savannah-ed4rv Ай бұрын

I was thinking it could be a good way to save on data charges! I have a pay as you go plan.

@monicaambs Ай бұрын

Hi Tina & Norm. How do I start investing? I don’t know the first thing about what to do. Do you have a step by step of what to do? I watch a lot of Dave Ramsey and he says invest in mutual funds. I also have seen on several KZfaq videos that it should be growth stocks. Where oh where to start. Do have an investment group? Or do you go with your banks broker? I have seen lots of talk on KZfaq about a platform called Wealth simple. They say its very low cost to use. Don’t know a thing about all this. Can you make a video for absolute beginner investors?

@ThisIsOurRetirement Ай бұрын

It can be daunting Monica, we cannot give investment advice because we are not licensed to do so. Any investment advice you receive has to be from someone who knows and understands your circumstances. If you have no idea try and find a licenced investment adviser who will give advice for a fee. Good luck.

@user-gz5mp6sw6b Ай бұрын

Everything to good to be true...

@AlexisChantellle Ай бұрын

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

@ThisIsOurRetirement Ай бұрын

If you are going to be holding a stock for 10 years + then entry point price is almost irrelevant. If shorter term then look at holding more cash in GIC’s (Canada) T-Bills (USA). If in doubt seek professional financial advice.

@mikeberg5003 Ай бұрын

Never invest in ONE stock. If you're in the US, invest in a broadly diversified portfolio of ETF's, short term bonds and leave some in cash as well. But never put all your money into one stock.

@nikij.6058 Ай бұрын

We are getting around 5% in high yield savings account! This is at my credit union…

@ThisIsOurRetirement Ай бұрын

Canada official rate 2.9%

@debbielockhart7762 Ай бұрын

Calling it a tax free savings account was a huge disservice to Canadians. So many to this day just think it is a savings account and don't realise the potential of it as an investment account.

@ThisIsOurRetirement Ай бұрын

Yes, the worst thing is to use it as another bank savings account and get no interest.

@gregmurphygolf 24 күн бұрын

you also need to consider Bonds or Bond funds!

@ThisIsOurRetirement 24 күн бұрын

They are good as we age to give stability, unfortunately in bull market with stocks at high levels it drives down bond yields.

@gregmurphygolf 22 күн бұрын

@ThisIsOurRetirement with interest rates possibly dropping that will be a boon for bond yields. As you indicated that half your house money wasn't doing anything. Even capital gains is better for your tax position than interest earned on savings account interest or GIC interest.

@Mike-ym6rl Ай бұрын

Well done on your investment journey, Tina and Norm. I'm pretty much at the same place in life as you are, except I lost my home after the market crash of 2008 and therefore have to take a little more risk on chasing investments with greater capital gains. Hopefully it will all work out for me in the end. Happy travels and keep smiling.

@ThisIsOurRetirement Ай бұрын

Sorry to hear that Mike wishing you all the best 🍻🙂

@benjamindavidson22 Ай бұрын

I most certainly wouldn't advise you just leave your money to lie fallow in the market in the name of saving for retirement. Buy a house, maybe yes. But most importantly consider diversification and give priority to investment

@ThisIsOurRetirement Ай бұрын

We just sold our home 8 years ago and are happy with the money in stocks giving dividend interest and high interest saving accounts Christopher Cheers 🍻🙂

@johnristheanswer Ай бұрын

TFSA are called ISAS in UK. £20k per person tax free. I've noticed Canada and US are not as generous there.

@ThisIsOurRetirement Ай бұрын

Is that £20K per year contribution?

@johnristheanswer Ай бұрын

@@ThisIsOurRetirement Yes. It's a great way to build up a pot with a view to retire early before drawing down from your pension and then social security later. All withdrawals are tax free.

@debbielockhart7762 Ай бұрын

@johnristheanswer Here in Canada they hate giving good tax shelters. They keep the TFSA annual limits too low (IMO). They want people in RRSPs which are taxed on withdrawal. If someone dies with a large balance in their RRSP - watch out! Their final tax return will be a killer with all of it considered income for that year. Not so SD if they have a spouse that can roll it into theirs, but if you die single your heirs will be screwed by the taxman and lose possibly over 50% to the taxes.

@johnristheanswer Ай бұрын

@debbielockhart7762 It's the opposite over here. The pension pot is NOT part of your estate, so it can be passed on with no penalty. The ISA ( see above ) IS part of the estate, so would be taxed at death.

@sn2346 Ай бұрын

Hi Tina and Norm, we could be you in about ten years Lol. Lots of similarities including the interest in swimming (Tina) & classic rock (Norm) 😄 Did you explore reverse mortgages? What were your findings? Also, what are the tax implications for your high interest savings outside of the TFSA/RRSP space?

@ThisIsOurRetirement Ай бұрын

No we didn’t as our plan was always to sell , what ever tax we are charged goes on our tax return 🙂

@Alejandro-ut4up Ай бұрын

Reverse mortgages are interesting but the big disadvantage is that compounding works against you, and because you are not making any payments you will most certainly end up with a balance owing significantly higher that what you got out of it initially. Secondly interest rates are generally higher (currently in Canada rates are between 7-10.5%) than other lending options. If you have decent equity and credit hx its not impossible to get a HELOC below bank prime rates. You still have to make interest only payments with a HELOC but you or your family(if that is a consideration) will be further ahead.

@kylejulius9596 Ай бұрын

Is this old? EQ is 4% right now. Also have you considered wealthier where you can get 4.5%?

@ThisIsOurRetirement Ай бұрын

EQ is 4% if you have your salary directly deposited otherwise it’s 2.5%

@debbielockhart7762 Ай бұрын

I'd also not recomment people getting "financial advice" from paid salespeople at their bank, or any "advisor" who stands to gain by pushing you onto something. Fee for service only advisors would be my advice (if someone absolutely geels they need an advisor that is - I just do my own).

@ThisIsOurRetirement Ай бұрын

We agree Debbie, pay for advice but we also do our own investing and research.

@paulbunyon6324 Ай бұрын

Keep in mind that nominal interest rates of 4 and 5% are in reality negative real rates due to inflation. You are steadily losing future purchasing power.

@ThisIsOurRetirement Ай бұрын

Having emergency cash is part of a diversified portfolio

@paulbunyon6324 Ай бұрын

@@ThisIsOurRetirement yes, I agree. We have to have some cash for daily use and emergencies. I also believe that getting out of the banking system as much as is possible is prudent as well. That is why I also own physical gold and silver. Not paper or ETF's.

@joannacurran8475 Ай бұрын

Why to Americans/Canadians build such short life houses. My house in London, built 1875. Roofing nails have been replaced, small area of wooden floors replaced, bathrooms built, windows had already been replaced by cheap plastic double glazed units, new kitchen units. But the actual structure is fine. No new roof, no new doors, no new wooden floors upstairs......nearly 140 years later going strong, real mouldings, cast iron fireplaces.

@Nicolga Ай бұрын

And what is the quality of British houses built in the mid-20th century? It seems they are worse than American and Canadian houses.

@ThisIsOurRetirement Ай бұрын

No extreme climates in the UK, we get up to -30°c in winter and +38°c in summers.

@lw1405 Ай бұрын

FDIC is American, CDIC is Canadian.

@johnnyfive1412 Ай бұрын

Unless you honk your car or truck horn and then the govt will freeze you out of your account.

@donnaallgaier-lamberti3933 Ай бұрын

We need those tax free accounts in the USA! We pay taxes on all investments now. No cruises or month long trips for us.

@ThisIsOurRetirement Ай бұрын

They are a great idea 🌺🙂

@JohnSmith-fx3st Ай бұрын

No tax-free accounts in Finland either. Here they tax the air that you beathe😪

@paulhunter6652 Ай бұрын

@@JohnSmith-fx3st. Still an amazing country. Going soon.

@BB-dr6ho Ай бұрын

TFSA are in stock market too? Did you invest in ETF if not, why? Interesting video :-)

@ThisIsOurRetirement Ай бұрын

We were young enough to invest in stocks thanks for watching 🍻🙂

@BB-dr6ho Ай бұрын

Never too old for that ☺️

@adblas2222 Ай бұрын

I refuse to be at the mercy of a landlord.

@paulhunter6652 Ай бұрын

LoL. Mercy me. It’s a great way to invest house proceeds and have freedom.

@MrKevinbeagle 25 күн бұрын

There is some validity to what you say as there’s always the chance of rental increases or putting the property up for sale but Norm and Tina are in a rent controlled apartment I believe ? And that is a game changer.

@ThisIsOurRetirement 9 күн бұрын

We rent from a large corporation all they do is rent 🍷🙂🍻

@AndyPayne-zl9ve Ай бұрын

Buy Costco

@ThisIsOurRetirement Ай бұрын

We spend enough there 😂😂 thanks for the suggestion

@1127924 Ай бұрын

I hold very little in cash as it's doesn't make me any money - I keep about 50k liquid, the rest I invest with a financial adviser as I don't want to learn or be hassled with worrying about it, this money comes from the sale of my house and I rent a nice apartment and can afford to travel when I like. I am a widower.

@ThisIsOurRetirement Ай бұрын

Thanks for sharing! wishing you all the best 🍻🙂

@wgotowym8004 Ай бұрын

Did you think at the time to rent the house instead and live from the rental income to be able to pass the house to your grandkids?

@ThisIsOurRetirement Ай бұрын

No that was not an option, we sold the house and invested the money 💰 to help fund our retirement we wanted to remove all the unexpected expenses and maintenance to allow for a stress free retirement. Selling your home also releases your adult children from a huge problem of decluttering Cheers 🌺🙂🍷

@wgotowym8004 Ай бұрын

Thank you

@charronfamilyconnect Ай бұрын

@@ThisIsOurRetirementHopefully the children Will be able to afford a home of their own one day with the way things have been going

@mark-old-man-golf Ай бұрын

@@charronfamilyconnect Their children should already have a houses by now. One of the top mistakes when retiring is financially supporting adult children. You need to cut the cord.

@lorismith5369 Ай бұрын

@@ThisIsOurRetirement. My husband and I just did the same. It wasn’t our plan but he was diagnosed with IPF and had to retire early.. AND, we needed to move closer to the MEDICAL UNIVERSITY. So, we sold the big house and downsized to a 1200 sq ft apartment. WOW oh WOW renting with no maintenance ,yard,insurance worries is great! And, we have also amenities - pool,gym etc…WHEN I get the storage bins emptied , I will feel so free! We are 60 and 63 and our adult children do not want anything 😮! Enjoying the simple life: walks in the parks,bike rides to lunch etc,,,, puzzling and gaming and reading . We are hoping to travel some soon! 😊😊

@richardguthrie3422 Ай бұрын

Don't you have online only banks in Canada. In Australia we get 5% and all you need to do is deposit $200 per month. Ubank is an example.

@ThisIsOurRetirement Ай бұрын

Yes we also have just online banks Richard 🇦🇺🍻🇨🇦💰

@paulandrews2734 Ай бұрын

$6500 each in your TFSA this year!

@ThisIsOurRetirement Ай бұрын

Actually just checked the chart and it might be $7000 in 2024 thanks for watching 🙂🍻

@vanginmi Ай бұрын

Up to 7800 now!

@James_48 Ай бұрын

@@vanginmi The annual additional contribution room is currently set to $7,000. It is not possible for it to be $7,800 as the additional room will only grow in $500 increments. It is possible, in late 2024 they the limit will be increased to $7500 but I doubt it.

@vanginmi Ай бұрын

@@James_48 perhaps im on catch up 😉

@billyrock8305 Ай бұрын

Remember your house is a primary residence and grows tax free. Think of it as a giant TFSA! 💰 😊 Always maximize your TFSA and RRSP early in life and let the tax free compounding soar. 😉 💵 $725 per month in an RRSP or TFSA with a 12% average annual rate of return, one could retire with more than $8.5 million after 40 years. 😊❤ 💰

@Savannah-ed4rv Ай бұрын

Is 12% a typical gain in those accounts?

@billyrock8305 Ай бұрын

@@Savannah-ed4rv Absolutely! 💯

@ThisIsOurRetirement Ай бұрын

Thanks for sharing 🍻🙂

@James_48 Ай бұрын

@@Savannah-ed4rv7% is a much more reasonable assumption.

@sandray7609 Ай бұрын

TFSA is 7k in 2024!

@ThisIsOurRetirement Ай бұрын

Yes thank you it’s grown 😂😂😂

@kmilton1593 Ай бұрын

But really, what is good about 3-5% interest return? When you know your incompetent government spends more than it takes in, prints money, and the dollar has been devaluing by 5-8 percent the last few years, then that means you are falling behind (especially when you know that interest income gets taxed worse than dividend income)! The real indicators of inflation, or should i say more accurately, the devaluation of our currency, is how much rent costs now, and how much pickup trucks cost!. (Still have Royal Bank, sold TD, Bank Montreal, and Bank Nova Scotia two months ago (the latter is still a good stock). (Was worried about USA banks, that is why). Cheers, and would like to know what it is like to communicate with your EQ bank online instead of with a real person.

@ThisIsOurRetirement Ай бұрын

We find dealing with EQ very easy on line simple to get online and move money 💰 from different accounts 🙂

@user-cm8ns1rj6z Ай бұрын

My question is.....are you truly "retired" 100%? Or are you still trading your time for money. I'm sure it takes time, planning, equipment,effort to make YT videos that are paying you cash plus sponsors income. Also time and effort to get more views and subscribers to make more cash. Is it easy cash.... there's no free lunch in life.

@ThisIsOurRetirement Ай бұрын

We do You Tube as our hobby 🌺🙂

@Alejandro-ut4up Ай бұрын

I see my comment has disappeared, did I say something wrong? :(

@ThisIsOurRetirement Ай бұрын

We haven’t seen another comment other than this one from you sorry 🙂

@Alejandro-ut4up Ай бұрын

Weird, nonetheless, I'm glad I didn't inadvertently upset someone 🙂

@selflessman Ай бұрын

You're going to have to put it all on Black eventually.

@ThisIsOurRetirement Ай бұрын

We aren’t big gamblers 🌺🙂

@oldbloke204 Ай бұрын

I see what you did there.

@selflessman Ай бұрын

@@ThisIsOurRetirement That's how I retired early 😃

@nickn146 Ай бұрын

BCE is down the lowest in 10 years........

@ThisIsOurRetirement Ай бұрын

We have had ups and downs Nick but we bought BCE low 15 years ago Cheers 🍻🙂

@Jacquie_Kirk_111 Ай бұрын

Yup, my investment for BCE has tanked. Good time to buy more to DCA!

@samspade1841 Ай бұрын

@@Jacquie_Kirk_111until they cut the dividend?

@inbetweener5995 Ай бұрын

Wealthsimple is currently paying 1% to move your assets "as is" over to them. Their cash account pays 4% up to 5% if you have enough, insured up to $300K. The only downside with WS vs QT is no Norbert's Gambit but the upside is fractional shares on DRIP which QT doesn't have and no fees to buy/sell.

@ThisIsOurRetirement Ай бұрын

Also Wealthsimple is not a bank but a Fintech

@Savannah-ed4rv Ай бұрын

I appreciate your transparency on your investments 😊 Do you have sn adviser or do you invest on your own? Hspoy it's all working well for both of you.

@ThisIsOurRetirement Ай бұрын

No we do it ourselves 🇺🇸🌺🇨🇦