It can be found at its Grow blog, titled One of Canada’s Favourite Money Gurus Tells Us How He Retired at 60 Without Ever Being Rich. We hope to run the piece in its entirety here at the Hub but in the meantime, social media waits for no one.
It was based on an interview conducted a few weeks ago and readers may find the prose as eclectic as the artists’ rendition of myself. But as one reader noted on Facebook, there’s plenty of personal finance “wisdom” in there (if I do say so myself): no surprise since it refers in part to last summer’s 7 Eternal Truths of Personal Finance that ran in the Financial Post, and which are revisited in the book I’m releasing this summer. Written with Mike Drak, it’s called Victory Lap Retirement. Link is to Mike’s new site, where you can preorder the book. We’ll resume running Mike’s Victory Lap blogs here at the Hub in a week or two.
The Wealthsimple profile also refers obliquely to the new book.
NewRetirement.com Q&A with me on benefits of Findependence
Also today, NewRetirement.com published a Q&A with me that also talks about Findependence and Victory Lap Retirement. Click on Jonathan Chevreau on the Benefits of Financial Independence. It does a pretty good job of summarizing what Mike and I describe in the book: the years of “slaving and saving” needed to get to the Findependence Finish Line (aka Findependence Day), and then the post-corporate Victory Lap phase that ensues.
MoneySense blog on Bonds
You can also find the fourth instalment of my MoneySense Retired Money blog. Entitled Are Bonds Still a Viable Source of Retirement Income?, the piece looks at how tough it is for retirees to live on today’s paltry interest rates. Using BMO research, it notes that 20 years ago someone wanting to generate $50,000 a year in investment income (in a conservative portfolio of two thirds bonds to one third dividend-paying stocks) needed just under $1 million. Today, with rates less than half what they were two decades ago, you need $2 million.
Coincidentally, I allude to those figures in the Wealthsimple profile.
Motley Fool on expanded CPP
I put a summary blog up earlier today but for those who missed it, you can also find my latest Motley Fool Blog and another take on this week’s big announcement of the modestly enhanced Canada Pension Plan: CPP Expansion too late for Boomers but a win for their children.