Hi Aaron I am 60 yr old and I came to Canada 🇨🇦 in 1982 refugees and have been working since then and wondering if will be good to retire early or till 65 thank you
Hi Chico, Great question and thanks for watching the video. I'd need more information to be in a position to offer any advice on a retirement date. Time in Canada working really relates to receiving CPP/OAS. My recent video about deferring CPP to age 70 is a good decision if you have other retirement assets meeting your income needs. If you need more help please feel welcome to contact me.
David - Much thanks on a great video! Q1/ How does the three bucket strategy work when you have one and two defined benefit pension plans? There is a big impact/ perspective change in using 3 buckets with and without real pensions? You are correct on the perpetual crisis mode that we are in as created by the endless borrowing by the sovereigns. So escalating inflation over the long term - caused by endless money printing...in every country. So this leads to a normal discussion on precious metals as an essential calamity insurance approach. But this type of insurance is never talked about by the FP community ...as applied ...as a key anchor to stabilizing retirement plans. Most pension plans are completely oblivious to this fact...Unless the pension holder is a refugee or immigrant who has already experienced this type of persistent gov't money theft and so are naturally aware on self defence measures. Q2/ Why is this glaring omission so persistent? All pension + retirement assets are fiat assets... which are easily wiped out by poor sovereign money mgmt [endless deficits...every where now) - just look to Lebanon, Argentina, Syria, Ukraine, Weimar Germany, Venezuela, Turkey, Zimbabwe, South Africa, etc, Etc. Why does the FP Institute not properly address this major error point in its annual planning guidelines? Q3/ So what is your recommendation on properly managing such 'fiat risk' to pensions, more specifically more robust retirement plans???
