oh ok thanks man. bank preference? im with TD right now
- Apples

I'm with TD as well and have no complaints. In fact their go to mutual fund they generally recommend has many high level investors from the energy sector(Suncor) to banking institutes(RBC is the second highest investor in the fund) so if big corporations and actual market competitors invest so heavily in their fund chances are it's a solid MF for sure.

They will also show you how well it preformed over the years and I'm pretty sure the only year it wasn't around at least 7 to 8% was during that huge market collapse in 2008 but it was still among the highest preforming mutual funds during that heinous year and rebounded in 2009 at like 14%

caper, i have never been more impressed with you.

and i am always very very impressed with you.

if i had any money i'd move to canada and do this stuff you're talking about.

Anytime an employer matches any contributions make sure you max it out and take as much free money as you can from them rich bastards. If they are giving it away, take it while it's there.
- Cape Breton Bruins

Always. I'm already maxing out. I'll be retired at 50 if I want. If I wait until 60 I can move to like Jamaica or something.

They gave me 2 other RRSP options. Like a group one and another one. I've been putting in the other one. Money goes in pre taxes so it lowers my cheque to the point I drop a tax level. And when I withdraw its at like 20% tax vs like 35% or whatever

Always. I'm already maxing out. I'll be retired at 50 if I want. If I wait until 60 I can move to like Jamaica or something.

They gave me 2 other RRSP options. Like a group one and another one. I've been putting in the other one. Money goes in pre taxes so it lowers my cheque to the point I drop a tax level. And when I withdraw its at like 20% tax vs like 35% or whatever
- Lindenis#1

You will not retire at 50 at the current rate of inflation vs value of currency unless you are making $200,000 per and invest heavily in moderate to high risk funds and hit it good. That is unless you never plan on being a home owner or having children who will attend school and university or traveling and stuff like that.

I would guess the retirement age will be around 70 by the time I look to get out(by age 62-65) due to the fact that their will be more old people than young people by then and our economy will be dependant on people working longer and immigration so expect your investments to tame 20 years from now because there will be so few people contributing to our economy opposed to those not working and relaying on the health care system, which will be strained due to the fact that these retired workers will live longer and not contribute for like 30 years after they retire.

Sorry speed typed this on a phone

caper, i have never been more impressed with you.

and i am always very very impressed with you.

if i had any money i'd move to canada and do this stuff you're talking about.
- kicksave856

It's not going to make anybody rich, but should facilitate a comfortable retirement without losing the same standard of living. Just in time for me to die after 45 years of manual labour

You will not retire at 50 at the current rate of inflation vs value of currency unless you are making $200,000 per and invest heavily in moderate to high risk funds and hit it good. That is unless you never plan on being a home owner or having children who will attend school and university or traveling and stuff like that.

I would guess the retirement age will be around 70 by the time I look to get out(by age 62-65) due to the fact that their will be more old people than young people by then and our economy will be dependant on people working longer and immigration so expect your investments to tame 20 years from now because there will be so few people contributing to our economy opposed to those not working and relaying on the health care system, which will be strained due to the fact that these retired workers will live longer and not contribute for like 30 years after they retire.

Sorry speed typed this on a phone
- Cape Breton Bruins

Okay chill the (frank) out

Okay chill the (frank) out
- Lindenis#1

You're 26? So all the money you make in the next 24 years is going to last you until you're 85-90? lolololololololololol

guys can you stop talking about real world stuff, it's making some of us anxious

guys can you stop talking about real world stuff, it's making some of us anxious
- Shutdown

Boobs

guys can you stop talking about real world stuff, it's making some of us anxious
- Shutdown

my retirement plan is to somehow win the lottery without buying a ticket

i just never feel like going to the store

my retirement plan is to somehow win the lottery without buying a ticket

i just never feel like going to the store
- Crimsoninja

i am r00ting for you

my retirement plan is to somehow win the lottery without buying a ticket

i just never feel like going to the store
- Crimsoninja

hey me too.
i don't ever spend change, i put it in a ziplock bag then go to those change machines every 3-4 months and get cash back, it's like free money. 5 years ago i bought 10 lottery tickets, lost on every single one. the next time i bought a lottery ticket was 1 month ago, didn't win a thing again.

my plan is now to buy this one ticket where the prize is you get 1000 bucks a week for the rest of your life. i'm bound to win some day. just gotta buy a ticket.

hey me too.
i don't ever spend change, i put it in a ziplock bag then go to those change machines every 3-4 months and get cash back, it's like free money. 5 years ago i bought 10 lottery tickets, lost on every single one. the next time i bought a lottery ticket was 1 month ago, didn't win a thing again.

my plan is now to buy this one ticket where the prize is you get 1000 bucks a week for the rest of your life. i'm bound to win some day. just gotta buy a ticket.
- Shutdown

Set for life

Lottery winnings in Canada are 100% tax free

any y'all (frank)ers like Doug Stanhope?

not a a huge fan, but he's got this one bit about how he assisted his mother's suicide, it's pretty great.

Set for life

Lottery winnings in Canada are 100% tax free
- Cape Breton Bruins

yes it's a pretty great system

yes it's a pretty great system
- Shutdown

i just found out recently there's a 20 dollar Set For Life ticket where you get 100k tax free a year. best lottery odds out there. can't work up the nerve to spend 20 bucks on a lottery ticket though. (frank)ing 20 bucks, what am i a chump

i just found out recently there's a 20 dollar Set For Life ticket where you get 100k tax free a year. best lottery odds out there. can't work up the nerve to spend 20 bucks on a lottery ticket though. (frank)ing 20 bucks, what am i a chump
- Shutdown

Let's go splits and if we win we can run away together and open our own dic anns

Let's go splits and if we win we can run away together and open our own dic anns
- Cape Breton Bruins

THE DREAM

hey me too.
i don't ever spend change, i put it in a ziplock bag then go to those change machines every 3-4 months and get cash back, it's like free money. 5 years ago i bought 10 lottery tickets, lost on every single one. the next time i bought a lottery ticket was 1 month ago, didn't win a thing again.

my plan is now to buy this one ticket where the prize is you get 1000 bucks a week for the rest of your life. i'm bound to win some day. just gotta buy a ticket.
- Shutdown

i also do the coins thing

wanna make a blood oath to spend the entirety of our next coin haul on lottery tix?

i also do the coins thing

wanna make a blood oath to spend the entirety of our next coin haul on lottery tix?
- Crimsoninja

i am eerily amazing at guestimating my coins worth in cash value. it's usually 100-175. i don't think i can spend that much on lottery tickets

i am eerily amazing at guestimating my coins worth in cash value. it's usually 100-175. i don't think i can spend that much on lottery tickets
- Shutdown

jesus christ i was about to freak out, then i remembered you have all those high value coins up there

my haul is only like $25-30 each time

jesus christ i was about to freak out, then i remembered you have all those high value coins up there

my haul is only like $25-30 each time
- Crimsoninja

yeah twonies and loonies add up pretty quick

jesus christ i was about to freak out, then i remembered you have all those high value coins up there

my haul is only like $25-30 each time
- Crimsoninja

High valued coins lol. Talk is the $5 might be in the works and we ABOLISHED the penny.

yeah twonies and loonies add up pretty quick
- Shutdown

I've always struggled with spelling it but my go to is toonie

Like cartoons lol

High valued coins lol. Talk is the $5 might be in the works and we ABOLISHED the penny.
- Cape Breton Bruins

(frank) 5 dollar coins. seriously. god damnit, change is so heavy. i feel a wave of relief whenever i visit the states and get dollar bills back in change