RE: Am I ready to Retire? Part 1, 2024 Gold MapleGram25 divisable blister pack

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Retiring can definitely be a challenge…🙄
The 2 1/2% inflation they are claiming is truly laughable!
Sounds like you have several ideas how to make this work. You are planning that is the best at this point.👍😊

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I’m still figuring the (OAS) Old Age Security part. It sounds like a financial supplement be better described as CPP 2.0 as an add-on fix to the rigid CPP policy. This support basically tops up the existing CPP benefit making up for a chunk of inflation. However the benefits can be clawed back depending on the recipient’s income for the previous year. I don’t know how much I qualify for here.

I’ve been conservative with my numbers in this calculation. So this picture can appear rosier than first stated.

Thanks for the comment @silvertop
!PIZZA
!LUV

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Hopefully the CPP will bolster your retirement income......
I can understand that clawback, they do that here with property tax, retirement income shouldn't be taxed!👍😇😀

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