Quote:
Originally Posted by CivicBlues
Yes something to also consider if you're expected to get a big defined benefit pension when you retire. But then how many of us are still getting those? 
Just out of curiosity Peanutbutter, I know 30 years is a long time, but what do you expect your high income to be from at age 71? Presumably you will be done with working? Passive income streams? Running your own business? |
Good question. You know what, I didn't really think about how much i'm going to be making, I just assumed i'm going to be making a lot. Which isn't very objective if you I think about it.
Based on my parents who worked $60k salaried jobs and they invested in the market and their portfolio's are both in the upper six figures, they're having trouble taking money out of their RRSP's.
I make significantly more than them and I started investing early and my TFSA is already over $100k, my RSPs around $50k and my non-reg is about $50k, so i'm not really interested in my RSPs too much, but I did put a good chunk into them this year.