I’m 40 years old with an income of $119,000 a year, household income is $203,000.
My wife has a pension through her employer and $39K in an RRSP that’s she passively investing $150 a pay into.
I have an RRSP worth $253,000 today and I’m investing $800 a pay into, about $19,200 as I’m paid twice monthly.
I can’t really afford to invest any more right now, we have three young children and after what we invest, bills and discretionary spending, there isn’t much left at the end of the month.
Our home is assessed at $759,000 and we owe $203,000 on it, bought in 2009 for $306,000.
Am I on track or am I screwed? I’d like to retire at 55 but realize that 60 or even 65 is probably more realistic. My spouse can get her full pension at 54.
My wife has a pension through her employer and $39K in an RRSP that’s she passively investing $150 a pay into.
I have an RRSP worth $253,000 today and I’m investing $800 a pay into, about $19,200 as I’m paid twice monthly.
I can’t really afford to invest any more right now, we have three young children and after what we invest, bills and discretionary spending, there isn’t much left at the end of the month.
Our home is assessed at $759,000 and we owe $203,000 on it, bought in 2009 for $306,000.
Am I on track or am I screwed? I’d like to retire at 55 but realize that 60 or even 65 is probably more realistic. My spouse can get her full pension at 54.