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Author Topic: The money thread  (Read 511548 times)

Offline Snowman

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Re: The money thread
« Reply #360 on: April 15, 2014, 11:27:11 pm »
Quote from: ArticSteve on April 15, 2014, 11:07:30 pm
When I'm passing thru Sudsbury in 2020, I'll look you up.  We'll crack a few cans of Ensure.

haha...never again.
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Offline Solstice2006

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Re: The money thread
« Reply #361 on: April 15, 2014, 11:31:19 pm »
Quote from: Snowman on April 15, 2014, 10:44:00 pm
Quote from: Seafoam on April 15, 2014, 08:48:52 pm
Quote from: Snowman on April 14, 2014, 08:41:43 pm
My FA informed me today that I will reach our retirement goals 4 years earlier than expected. Unfortunately the mortgage is not going away...time for a new plan.

So this is good right? Or am I misunderstanding and  you will still have a mortgage in retirement?

Good but mistake was decoupling the mortgage from my adviser and told him not to be concerned with it and the equity. I now have to pay down the mortgage 4 years sooner to match his plan. 2022 here I come but the 911 is poof  :'(

That's so tragic.... :brkhrt:
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Offline johngenx

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Re: The money thread
« Reply #362 on: April 15, 2014, 11:57:39 pm »
Yeah, imagine being stuck with a TT-RS.
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Online Fobroader

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Re: The money thread
« Reply #363 on: April 16, 2014, 12:01:09 am »
Quote from: johngenx on April 15, 2014, 11:57:39 pm
Yeah, imagine being stuck with a TT-RS.

Hey...yeah....I felt bad for him because he couldn't get his dream car....then I remembered what his fleet consists of....

Sent from my Galaxy S3

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Lighten up Francis.....

Offline johngenx

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Re: The money thread
« Reply #364 on: April 16, 2014, 12:16:11 am »
Quote from: Fobroader on April 16, 2014, 12:01:09 am
then I remembered what his fleet consists of...

Everyone else's dream cars.
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Online Fobroader

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Re: The money thread
« Reply #365 on: April 16, 2014, 12:29:28 am »
Quote from: johngenx on April 16, 2014, 12:16:11 am
Quote from: Fobroader on April 16, 2014, 12:01:09 am
then I remembered what his fleet consists of...

Everyone else's dream cars.

An S2000 and a TT-RS.....it would be hard, but I could soldier through. :P

Sent from my Galaxy S3

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Offline 2JDM

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Re: The money thread
« Reply #366 on: April 16, 2014, 12:45:35 am »
1st world problems.
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Offline johngenx

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Re: The money thread
« Reply #367 on: April 16, 2014, 12:47:11 am »
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Offline tpl

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Re: The money thread
« Reply #368 on: April 16, 2014, 05:12:14 am »
Well I am sympathetic.  Mortgages at retirement are a bad thing.  We paid ours off some years before retirement as a definite part of the financial  plan.
I guess I could buy a 911 and let Snowy drive it sometimes?  ;D


Anyway...I'm sure it is nothing that a couple of really rich contracts cannot cure.   ;)
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Offline Snowman

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Re: The money thread
« Reply #369 on: April 16, 2014, 06:12:47 am »
Thanks for the kind words in these tragic times  ;D
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Offline wing

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Re: The money thread
« Reply #370 on: April 16, 2014, 08:22:14 am »
Now I understand why you haven't replied to my email lol.

I plan on downsizing when I retire and most likely to an area where real estate is much cheaper than Ottawa.

With online shopping no need to be near a big city anymore
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Offline Seafoam

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Re: The money thread
« Reply #371 on: April 16, 2014, 08:42:23 am »
Quote from: wing on April 16, 2014, 08:22:14 am
Now I understand why you haven't replied to my email lol.

I plan on downsizing when I retire and most likely to an area where real estate is much cheaper than Ottawa.

With online shopping no need to be near a big city anymore

True as long as you are also close to a hospital  though. ;)
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Offline blotter

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Re: The money thread
« Reply #372 on: April 16, 2014, 09:02:08 am »
Mortgages at retirement are certainly a bad thing,

but this day and age you wouldn't believe how many people are doing it.
I've done quite a few purchases for people over 65 years old, which really blows my mind.


Snowman, if the mortgage is really that big of a deal, you could always sell a dream car and use the proceeds to make a decent dent in that mortgage.  That should certainly help bring you in line?
 :P

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Offline Snowman

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Re: The money thread
« Reply #373 on: April 16, 2014, 09:56:24 am »
Quote from: blotter on April 16, 2014, 09:02:08 am
Mortgages at retirement are certainly a bad thing,

but this day and age you wouldn't believe how many people are doing it.
I've done quite a few purchases for people over 65 years old, which really blows my mind.


Snowman, if the mortgage is really that big of a deal, you could always sell a dream car and use the proceeds to make a decent dent in that mortgage.  That should certainly help bring you in line?
 :P

That's cray talk  :)
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Offline Snowman

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Re: The money thread
« Reply #374 on: April 16, 2014, 09:57:37 am »
Quote from: wing on April 16, 2014, 08:22:14 am
Now I understand why you haven't replied to my email lol.

I plan on downsizing when I retire and most likely to an area where real estate is much cheaper than Ottawa.

With online shopping no need to be near a big city anymore

 :rofl2: my budget have been slashed by the CFO
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Offline tpl

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Re: The money thread
« Reply #375 on: April 16, 2014, 10:01:52 am »
Maybe all the longtimers on the forum should campaign to get you in the Senate then you could make all these minor expense problems disappear and we could follow your 'adventures' in the newspapers. 
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Offline aquadorhj

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Re: The money thread
« Reply #376 on: April 16, 2014, 10:12:45 am »
Quote from: tpl on April 16, 2014, 10:01:52 am
Maybe all the longtimers on the forum should campaign to get you in the Senate then you could make all these minor expense problems disappear and we could follow your 'adventures' in the newspapers.

not only that, if you stick in there for just 6 month, you get lifetime pension...
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Driving thrills makes my wallet lighter.. and therefore makes me faster because i'm shedding weight... :D

Online Fobroader

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Re: The money thread
« Reply #377 on: April 16, 2014, 10:20:49 am »
Quote from: tpl on April 16, 2014, 10:01:52 am
Maybe all the longtimers on the forum should campaign to get you in the Senate then you could make all these minor expense problems disappear and we could follow your 'adventures' in the newspapers.

Only if you'll ok my project of having all the highways in Saskatchewan turned into 10 lane, unrestricted superhighways so that I dont have to spend as much time going through it....oh...and the #1 highway becomes our national Autobahn. Anyone caught going below 130 is to be executed on the spot  ;D If so, you have my vote.
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Offline Seafoam

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Re: The money thread
« Reply #378 on: April 16, 2014, 10:27:02 am »
Quote from: blotter on April 16, 2014, 09:02:08 am
Mortgages at retirement are certainly a bad thing,

but this day and age you wouldn't believe how many people are doing it.
I've done quite a few purchases for people over 65 years old, which really blows my mind.


Snowman, if the mortgage is really that big of a deal, you could always sell a dream car and use the proceeds to make a decent dent in that mortgage.  That should certainly help bring you in line?
 :P

Mortgages after retirement are suicide ,unless you have a big fat pension you can count on. For most Canadians you need this paid off because of the lower income in retirement. I'm looking forward to retirement with a lower income in that i will paying lower taxes.You have to get your affairs in order before you do this. I will be able to income split with my wife who doesn't have a pension. It's all in the planning.
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Offline Snowman

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Re: The money thread
« Reply #379 on: April 16, 2014, 11:02:29 am »
The plan now is to use our TFSA's and make annual prepayments to reduce amortization by 5 years.
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