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REITS(canadian)
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Re: General questionFor my wife and me, 40k would be constraining. Doable tho if needed. Instead of golf, bowling, aquafit we would have to take walks or hikes and go back to stream fishing and bird watching. I don't travel at all due to ailments I have which make it very painful. But my wife does go to BC or California/Arizona or Florida for a few weeks every year to see relatives and friends. Neither of us smoke, medications costs are relatively low thanks to insurance coverage. Beer for me and wine for my wife are our excesses and HD Cable and high speed internet. I tuck away 15-20% of our income for emergencies each year. That is a savings fund I use for car/van replacement or new PC or TV or Fridge/Stove/Washer/Dryer/Dishwasher, new roof or driveway or furniture etc. Our pension/cpp/oas is about 40k net and dividends from our REITS/Pipelines/Oil&Gas divy stocks are about 32k net. We both like to cook, but haven't adjusted portion sizes yet. We still buy the 3-4 pound roast etc. I find we throw out 1/3 to half of our food all the time due to the milk going bad or bread moldy etc. Good luck with your retirement and stay healthy. FC13 Yellen says interest rates will stay low for some time so our REITS should rebound nicely next few months. |
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