I recently had a financial mid life crisis. Slava to the rescue! Not that I was in bad shape, just started to realize I am old. Like a year end project suddenly approaching, it was time to do more than think about it.
Anyway, 2 things to add if they are of value to anyone else.
- I think at some point a financial advisor makes sense. Once your money starts to get close to earning as much as you add in savings, I think you have to be a lot more thoughtful. Or once you start to think about how it is going to come out not just go in. In my case for example I should have been putting more into a spousal rrsp. First world problem, but still.
- I liked this article and the calculator
http://www.moneysense.ca/save/retire...gs-calculator/. It's not completely intuitive but I like the notion of 'life cycle smoothing' and getting a plan to balance your current lifestyle and future lifestyle.