A very interesting read this morning in The Vancouver Sun. Columnist Craig McInnes writes about boomers saving for retirement. He asks the question, “how much is enough savings?” and points out that the answer isn’t always straight forward. It can differ depending on many factors for Canadians – Do you want to remain in the same home? Do you plan to downsize? Do you wish to have luxuries that you don’t have today (boat, cabin, winter home in Palm Desert etc.)? I think all Canadians hope for a life the same – or better – than what they enjoy while working. It doesn’t seem fitting to plan for a lesser life; whether it be lodging, food/wine/restaurants, transportation, and luxuries enjoyed. If you’re used to cheering on your Calgary Flames, are you really going to be content trading in those season tickets for Calgary Hitmen? Not likely. So while this question faces all Canadians – young, boomer and seniors – we can likely all agree that we desire a life as good or better than the one we currently enjoy. If you’re a Canadian who is already retired, we hope you’re pleased with your current place and not thinking that a little more might have helped with a few of those things you do without.
If you’re interested in learning how you can plan for retirement with an investment that either grows (due to re-investment) or one that pays monthly cash flows, we invite you to learn about Alta Pacific Mortgage Investment Corp. We focus on consistent returns for registered investors (those with RRSP, LIRA, RESP, TFSA etc.) or open investments (for folks with cash on hand that’s not earning significant interest). Alta Pacific works with Western Canada’s best Exempt Market Dealers. We can introduce you to folks that will work to understand your current situation and future needs; and who can assist you in choosing the right Alta Pacific options for your investment.
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