That is how gold has always acted. Goes to the stratosphere in a relatively short period of time, falls back a lot over a very long time, and then does nothing. I've never been a fan of owning it in physical form. There are better w tinybfs.com/t/t6QsM9

Moral = you simply don't like it (wealth in this case). Generally, money is a sign of productivity and ingenuity. More billionaires means more of those 2 things. More money/water in the system lifts more boats. I'm heading to Milawi tinybfs.com/t/JFnQFL

There is no magic number. If there was, everyone would have the same situation. I've seen virtually $0 to multi-millions buff.ly/2ymGekX

Having purpose is the wonder drug of helping live long and very happily. Don't just 'retire' and entertain yourself. That and you will get old fast tinybfs.com/t/B8WOuh

Cheryl and I did this a couple of times when our 2 sons were young. It was a bit of work, but saved a bucket load of money, with stays in Ottawa and Washington DC tinybfs.com/t/rJ1i5r

Walking. Such a simple activity, yet it does so much buff.ly/vVKst7E

It can be done but you have to make plans for a wide range of death possibilities and time frames. However, there is something to be said for creating a lasting legacy that gives and gives long after you are gone tinybfs.com/t/DcBfqy

If you don't own your place you lose a lot of control and financial security especially in your old age which can last for 30 years. I've seen many people rent for long periods of time only to realize that buying makes so much sense tinybfs.com/t/jXJZwC

Most people I know have more money than they will ever need so why not get behind some causes that you really believe in? You'll get back way more than you ever put in tinybfs.com/t/a65ioQ

If you have an RDSP set up for a child, you've set them up financially but what about all the other things they may need? tinybfs.com/t/CzpRNX

Where have Cheryl and I been for the past 10 days? Here it is on the map.

I come across people all the time holding money in bank accounts earning virtually 0%. You can quite easily get near 2%. On $100K that is ~$2K you are giving the banks if you are getting 0%. Or you can keep letting your bank take ad tinybfs.com/t/UFOfPm

20 or 30 years ago, you wouldn't see articles like this, and it is because boomers like me don't want to feel the pain of seeing their kids struggle. Struggle produces creativity and resourcefulness. Without it, you get needy adults tinybfs.com/t/lqaVMt

I'm currently in Malawi, Africa and the price of diesel is Cdn $5.24/liter. And we think we are feeling price pain tinybfs.com/t/F610Te

You have a number but it is in a range close to $0 to much more than this "magic number". Your #FinancialPlanner will be able to tell you what that number is for you tinybfs.com/t/iLkxOD

What is "Retirement"? Define it before you do it. You've spent the vast majority of your adult life working and getting paid. That is a lot of time to just entertain yourself... for the next few decades tinybfs.com/t/i63oth

It seems numbers don't mean much in this area. You can go back as far as Biblical times to see the truth of that buff.ly/qIT6DOi

Do you think the future is all about electric power generation? Probably not buff.ly/sLdiVrC

If you owe CRA and can't pay your tax, just contact them. They will work with you to pay it down over time tinybfs.com/t/8LyD73

This is so different for everyone. When you are single / widowed, drawing down a RRIF quicker can make sense but if you have OAS clawbacks, you may actually pay more tax doing it. Age, and the time value of money can also be a huge tinybfs.com/t/BhR9TX