Couple want to retire abroad in their 40s. Do their RRSPs, TFSAs and other investments add up to enough?
News Source : Financial Post
News Summary
- Jason and Julia are part of the growing FIRE movement: to be financially independent and retire early.
- The plan is to make their money last as long as possible by moving to a lower-cost country such as Malaysia, Vietnam or Thailand.
- With their current portfolio, they will need $86,000 a year before tax to provide them with a greater margin of safety.
- Ed Rempel, a fee-for-service financial planner and blogger, said they may want to continue saving and retire in years when Jason is 43 and Julia is 40.
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