you did not count in the growth of the money
-win(秋天的菠菜);
2004-2-4(#1590389@0)
How fast can your money grow? Do not forget 2 factors when calculating: inflation rate ranging between 2% - 5% in the past 10 years; earnings outside of RRSP shelter are subject to income tax! What's left?
-23456789(大白呼);
2004-2-4(#1590419@0)
look like you have no idear about investment, do you know rule of 72?
-fzhou(民工);
2004-2-5(#1592305@0)
According to your data, only 71% 加拿大人 are counted in. How about other 29%, are they no saving at all? You did not count in CPP money and 老人金, these two parts are about 1500/month/person now.
-citadel(no);
2004-2-4(#1590436@0)
Plus the provincal fund, It's 1500 per couple in Alberta now.
-citadel(no);
2004-2-4(#1590482@0)
So the best way is at the year your turns into 65, your RRSP account SHOWS 0$, you can get max fund from Fed and Provinve goverment.
-citadel(no);
2004-2-4(#1590490@0)
There are people (Chinese!) who hold their life time savings in cash and stuff undernearth the mattress in order to qualify more for OAS.
-23456789(大白呼);
2004-2-4(#1590516@0)
What if 收益不好？People become more conservative as they get older. Currently any investment that can yield GUARANTEED 5% annually is considered as high return.
-23456789(大白呼);
2004-2-4(#1590541@0)
got it by a financial calculator: 30 years, if investment rate is 5% annually, future V 600k, then every year you need put into 9 k
-tovan(tuuuuu);
2004-2-6(#1593529@0)