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Mortgage Freedom will save the average Canadian homeowner tens of thousands of dollars and help shave years off the mortgage. In this book Alexander.
Table of contents
- Avoid being house rich and cash poor - Which Mortgage Canada
- Customers who bought this item also bought
- Ideas for a House Rich and Cash Poor Retirement
- The Globe and Mail
Avoid being house rich and cash poor - Which Mortgage Canada
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The Real Estate Retirement Plan: An Investment and Lifestyle Solution for Canadians. To get the free app, enter mobile phone number.
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See all free Kindle reading apps. Start reading Mortgage Freedom: Don't have a Kindle? Insomniac Press 27 November Language: Be the first to review this item Would you like to tell us about a lower price? Customer reviews There are no customer reviews yet. Share your thoughts with other customers. Still, "there is no extra cash flow for emergencies, or car replacement, or travel, which is high on her retirement wish list. Bethany says she is willing to work part time at some other job beyond age 60, but "it doesn't make sense to leave her existing job with a defined benefit pension plan to work in a job with no pension," the planner says.
If Bethany needed more breathing room, she could elect to defer her property taxes she can do this in B.
Ideas for a House Rich and Cash Poor Retirement
Any employment income Bethany may earn working part-time past age 65 could be used for expenses such as a new car. The planner suggests Bethany continue contributing to her RRSP while she is working rather than shifting to a tax-free savings account, as she has been thinking about doing. Can she retire in four years' time without having to sell her house? Retiring early will leave her pinched financially.
Instead, she should work to age 65 to benefit from higher pension and CPP benefits. Extra money to travel, an important goal.
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A retirement budget that should allow her to maintain her house for the foreseeable future. Want a free financial facelift? Some details may be changed to protect the privacy of the persons profiled.
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