Comments on: Retriement Calculations – Part IV http://blog.canadian-dream-free-at-45.com/2009/02/12/retriement-calculations-part-iv/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Patrick http://blog.canadian-dream-free-at-45.com/2009/02/12/retriement-calculations-part-iv/comment-page-1/#comment-48677 Patrick Mon, 08 Nov 2010 01:15:20 +0000 http://blog.canadian-dream-free-at-45.com/?p=626#comment-48677 Afraid its worse than you've planned for the penalty for taking your CPP at 60 is changing to be 36% - gov't trying keep us working longer and that goes into effect over the next 18 months. Afraid its worse than you’ve planned for the penalty for taking your CPP at 60 is changing to be 36% – gov’t trying keep us working longer and that goes into effect over the next 18 months.

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/02/12/retriement-calculations-part-iv/comment-page-1/#comment-20048 Canadian Dream Fri, 13 Feb 2009 11:59:42 +0000 http://blog.canadian-dream-free-at-45.com/?p=626#comment-20048 CM, Thanks! I appreciate the input. I think I'm going to have to do some other 'what if' runs on these numbers to get a feel for how sensitive they are. Actually the Buy and Hold is a good topic. I'll try to get to it soon. Tim CM,

Thanks! I appreciate the input. I think I’m going to have to do some other ‘what if’ runs on these numbers to get a feel for how sensitive they are.

Actually the Buy and Hold is a good topic. I’ll try to get to it soon.

Tim

]]> By: Canadian Money http://blog.canadian-dream-free-at-45.com/2009/02/12/retriement-calculations-part-iv/comment-page-1/#comment-20000 Canadian Money Thu, 12 Feb 2009 18:21:58 +0000 http://blog.canadian-dream-free-at-45.com/?p=626#comment-20000 I was always one for including a healthy safety factor in my retirement income forecast. I recently received notice that my government pension may be subject to a decrease if the markets continue to tank. I was well aware of that possibility prior to deciding to retire. At this time I continue to forecast this market scenario as a very likely one. So far I have not applied for CPP and OAS is still years away. Roughly speaking, I always viewed our CPP and OAS income as part of our safety factor/luxury spending component. I had what most people would consider a very good paying job with excellent pension etc. I seldom got my hands dirty. When I made the decision to pull the plug on employment I asked myself...If I only ever see 50 % of CPP and OAS (for both of us) would that be acceptable? I also used a nominal sum of 3% per year for return on our savings. Just some thoughts from the other side of the retirement canyon. CM ps...I would really enjoy seeing your review of the validity of the Buy and Hold Thesis. I was always one for including a healthy safety factor in my retirement income forecast.

I recently received notice that my government pension may be subject to a decrease if the markets continue to tank. I was well aware of that possibility prior to deciding to retire.

At this time I continue to forecast this market scenario as a very likely one.

So far I have not applied for CPP and OAS is still years away.

Roughly speaking, I always viewed our CPP and OAS income as part of our safety factor/luxury spending component.

I had what most people would consider a very good paying job with excellent pension etc. I seldom got my hands dirty.

When I made the decision to pull the plug on employment I asked myself…If I only ever see 50 % of CPP and OAS (for both of us) would that be acceptable? I also used a nominal sum of 3% per year for return on our savings.

Just some thoughts from the other side of the retirement canyon.

CM

ps…I would really enjoy seeing your review of the validity of the Buy and Hold Thesis.

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