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WEALTH HACKS on FIRE - Paperback
WEALTH HACKS on FIRE - Paperback
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Price includes 1 paperback book. Free shipping in Canada.
Book Description: 156 pages.
This book is for people you want to be Financially Independent and Retire Early. They want to FIRE.
The main strategies to fire are to build wealth as quickly and efficiently as possible. This book provides strategies to make that happen.
Try working your retirement income backwards and allocate your investments accordingly. Imagine that most of your income will come from your TFSA (100% tax free) and eligible dividends from a non registered account (basically tax free in every province up to about $50,000). Invest just enough in your RRSP so that you can deregister around $20,000 per year (to mirror the Federal/Provincial personal exemptions) between the year you retire and age 65 as a bridge until you collect CPP & OAS. You will pay basically no income tax and maybe get a chance to retire younger having more personal income because of the lower tax burden. We used this strategy and retired more than 8 years ago while still in our 40s. It absolutely works.
Proudly written by a Canadian for Canadians.