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Originally Posted by shermanator
My update: 2021 was very good to my retirement plans. At the rate things are going our house will be paid off in 18 months. I liquidated my RRSP with a former employer in June and moved it into a self directed RRSP. Returns on that have been very good. Even with the volatile 2022 so far I've still done quite well. We will likely live a mortgage free life for a few years before upgrading houses, but whether we actually move or not will depend on what the market is like whenever we decide to make the leap.
If we stay where we are we can likely retire in our mid 50s, but it is probably more likely that we pivot careers to something a little less stressful even if that means sacrificing earnings along the way.
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Update from 2 years later.
House was paid off last May. Good thing, because I was laid off in July, so for that alone I am very happy with my strategy from the previous 15 years. Got 4 months of severance and was back working in 3 months. Didn't touch a cent of severance so dumped the majority of it into my RRSP (and pissed away a few grand for fun). Moved the DCPP part of my former employer's plan to a LIRA and the consolidated the rest in my self directed RRSP. New employer has a DB pension and I'm still trying to figure out how to work that into my plans.
Was down 3% in 2022 and up 13% in 2023 which seems like it was better than most? New investments are mostly going into index funds but I also pumped a decent amount into banks when they were getting beaten up. Once in a while I'll get distracted by a nice dividend yield and grab more of that.
Going to spend a couple more years filling up the RRSP and TFSA until they are maxed out before considering upgrading my living situation. Daughter's RESP is in decent shape.
Financially, life is good.