Posted by Tim Stobbs on May 3, 2016
Well there is a nice little article over at the Globe and Mail on me today and they managed to get a few items wrong. Sigh. Feel free to ask any questions you like here on the article and I will do my best to address them.
For now I offer the following points:
- Nope, I don’t have $600,000 saved. They got that particular fact wrong. Currently it is closer to ~$420,000 in investments plus a paid off house.
- No gold plated pension. In one of the comments on the article someone assumed I have a defined benefit pension plan. No I don’t. That ~$420,000 above includes my defined contribution plan amount. I have a okay pension plan, but not a defined benefit one.
- How little do you spend? It varies like most other people but our average spending is around $28,000 to $32,000 a year. Keep in mind I have no mortgage payment so feel feel to add yours in to get a clue on how I compare to you.
Hope that helps,