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.htmlCould 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.
