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According to various surveys referenced on my site, you probably feel you need a fair bit invested to be \u201cset for life\u201d.<\/p>\n
So, I wondered, what is that for you?<\/p>\n
How much do you need to be \u201cSet for Life\u201d?<\/strong><\/em><\/p>\n We\u2019re all told to save, invest and stay invested for the long-term.\u00a0<\/p>\n Easy to say, hard to do of course but sound advice all the same.\u00a0<\/p>\n Assuming you devised a retirement income plan and stuck to it, most of us will reach a point whereby we want to spend what we\u2019ve worked so hard for \u2013 in retirement during our asset decumulation years.<\/p>\n Many years ago, I wrote about our goal to own a million dollar + investment portfolio not because it\u2019s a nice round investment number (although it is<\/em>) but because at the time we believed the income derived from this portfolio value (excluding<\/em>\u00a0workplace pension values;\u00a0excluding<\/em>\u00a0government benefits paid to us in the form of CPP and OAS)\u00a0should be enough to cover most expenses with some part-time work.<\/em><\/p>\n You can refer to those comments in a post I wrote 7 years ago here.<\/a><\/p>\n How much is enough for retirement?<\/a><\/p>\n<\/blockquote>\nHow much is enough?<\/strong><\/h3>\n
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