Author Topic: Let's play "Money Coach"  (Read 1552 times)

anisotropy

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Let's play "Money Coach"
« on: July 26, 2014, 03:37:35 PM »
Thought I would share this. Personally I don't understand how the analyst determines that they'd be retired with 2.1M by 50. Also I have no clue why the chart has an inflection point (year 2060), and how the slope of the line did not change after they retire?

https://ca.finance.yahoo.com/news/track-retire-50-180000044.html

Could someone enlighten me please (sorry about the Canadian fianacial jargons*)?

*CPP + OAS, these are public retirement income in Canada, I think one becomes eligible by 60.

*RRSP, I think this is similiar to 401K, individual savings that are tax-deferred.

*TFSA, this is like some type of ROTH? Earnings in these accounts are tax free.

wtjbatman

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Re: Let's play "Money Coach"
« Reply #1 on: July 26, 2014, 07:23:00 PM »
What an attractive couple.

anisotropy

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Re: Let's play "Money Coach"
« Reply #2 on: July 27, 2014, 06:14:59 PM »
I thought the girl was pretty.