This Ontario man may have to delay retirement after coronavirus crash wipes out 20% of his investments

A man we’ll call Chuck lives in Ontario. Now 50, he wants to retire at the age of 55.  An engineer, he takes home $6,500 per month. He has no spouse, no children and no debts. Frugal, he has accumulated about $1.18 million in stocks in a variety of RRSPs, a TFSA and unregistered accounts — or at least he had, before markets crashed due to the coronavirus pandemic. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/family-finance/retirement-coronavirus-crash-investment-losses
via IFTTT

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create your website at WordPress.com
Get started
%d bloggers like this: