This Week’s Magic Number is 85
If you are a Canadian Federal Civil servant one the important numbers you need to remember is that the magic number is 85 for parts of your retirement plan.
If you are a Canadian Federal Civil servant one the important numbers you need to remember is that the magic number is 85 for parts of your retirement plan.
Get a colonoscopy, if your Doctor recommends it. However, if you only start thinking about your retirement when he tells you that, you are late.
The 4% draw down theory is that when you retire you withdraw at least 4% of your retirement savings each year (normally), but is that normal?
Jumping to conclusions, especially financial conclusions can be quite hazardous to your savings, as well as your well being in general.
With finances there are countless numbers that you are bombarded with (note I didn’t say infinite, only countless (where countless means, countable but a HUGE amount of them)). Magic Numbers are those that have special… Read More »What’s the Magic Number?