Build Wealth Canada Podcast

How to Retire Early (Part 2)


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This is part 2 of the interview on How to Retire Early, with MoneySense Senior Editor Julie Cazzin.

In Part 1 we covered the beginner level questions. In part 2, we take it up a notch and get into the more intermediate and advanced level questions.

If you missed part 1, it's the episode right before this one.

Links and Resources
  • Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I’ve personally used to help us achieve financial independence in our early 30s. They’re also what we use now to optimize and manage our finances, and ensure that we’re paying the lowest fees while getting solid returns on our investments.
  • Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest
  • Julie’s Articles on MoneySense
Questions Covered:
  1. What are some top tips you can give to Canadians that want to retire early?
  1. How can we figure out if we have enough to retire early?
  1. What are some top mistakes someone can make if they want to retire early?
  1. What are some top mistakes someone can do if they are already retired? (whether it was early retirement or not)
  1. While saving for an early retirement, would you recommend index investing by purchasing broad market ETFs or funds, or do you recommend a different strategy? (ex. dividend investing)
  1. While saving for an early retirement, would your asset allocation be different compared to someone that is planning on retiring early?
  1. What are some of the unique challenges that we have to worry about if we are planning to retire early vs doing the more traditional retirement at age 65. (i.e. Impact of CPP, OAS, and pensions come to mind).
  1. Once we manage to retire early, what suggestions can you make in terms of asset allocation?
  1. Your thoughts on a safe withdraw rate?
  1. How would you suggest using TFSA, RRSP, and unregistered accounts while saving?
  1. How would you suggest using TFSA, RRSP, and unregistered accounts while retired early?
  2. What are annuities and is it possible to purchase annuities here in Canada if we are a young retiree?
...more
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Build Wealth Canada PodcastBy Kornel Szrejber: Investor

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