Current Events > My parents didn't invest in a retirement fund

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Austin_Era_II
12/01/19 9:16:48 PM
#1:


Instead my dad bought a bigger house in Toronto and will be selling it for over a million with a decent profit. That plus what the government will give him is more than enough.
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The Original
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SK8T3R215
12/01/19 9:18:18 PM
#2:


me: ok
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Sad_Face
12/01/19 9:28:46 PM
#3:


Sounds like your dad did invest in a retirement fund, through real estate. Illiquid but here's to hoping it works and a real estate market crash doesn't come to crater its value.
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DevsBro
12/01/19 9:30:19 PM
#4:


Nice, glad it worked out for them.

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Austin_Era_II
12/02/19 8:28:01 PM
#5:


Sad_Face posted...
Sounds like your dad did invest in a retirement fund, through real estate. Illiquid but here's to hoping it works and a real estate market crash doesn't come to crater its value.


It's a 6 bedroom and 7 bathroom house. He'll get his million for the sale. They are choosing to go into a senior living which will be like $1000 a month. Him and my mom's combined government pension is more than enough.

They could downsize to a smaller house but the building lifestyle is more suitable for them right now. They may eventually move in with me.

I have a retirement fund which I stopped putting money into for now. It's sitting at only $30K. I've thought about doing what they are doing but eventually downsizing to a smaller place. I'll be mortgage free late next year. But I more so wanna go down south when I retire during the winter.
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J03can
12/02/19 8:29:56 PM
#6:


Long are the days of the cheetos on the finch bus

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