Joyce Wayne -Globe and Mail – January 29 2014
She writes “imagine the 7 things about creating a happy an secure retirement you wish the 30 year old you had known. Well here is what I would have told the younger me.” Briefly her points are:
1. Stay married to the same person. Otherwise your financial position will get altered.
2. If you are going to have children do it before 35. Start an RESP when they are born.
3. Choose a career you can imagine doing for 35 years and stick with it. Find your niche and become an expert.
4. Secure a job with a defined benefit pension. Ideally one with a union.
5. Find a financial advisor you can trust. Four out of five of my financial advisors were disasters.
6. Buy the best house you can afford in a neighbourhood you adore. Stay there.
7. Years before you retire, develop long standing interests. Kids move away. Spouses pass away. Keep something special to yourself.
My points: She has 7 good ones.
I would add the following
1. Try to fall in love with a spouse that also has a stable and rising curve career. A pension should be part of this.
2. Defined Benefit Pension? Great but try to find one these days.
3. Financial Advisor you can trust: As she explains not an easy search. Think in terms of a very good broker who has access to many securities
4. Get a very good life insurance agent. This is also not an easy search.
5. Finding a stable job is NOT EASY..
This entry was posted on January 30, 2014 at 1:41-05:0001 and is filed under Business Applications, Estate Planning, Financial Commentary, Life Insurance Related, Tim Bits! .....And Philosophy?, Wealth Management. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Bradley Sumner's Blog 
7 THINGS I WISH I COULD TELL MY 35 YEAR OLD SELF
Joyce Wayne -Globe and Mail – January 29 2014
She writes “imagine the 7 things about creating a happy an secure retirement you wish the 30 year old you had known. Well here is what I would have told the younger me.” Briefly her points are:
1. Stay married to the same person. Otherwise your financial position will get altered.
2. If you are going to have children do it before 35. Start an RESP when they are born.
3. Choose a career you can imagine doing for 35 years and stick with it. Find your niche and become an expert.
4. Secure a job with a defined benefit pension. Ideally one with a union.
5. Find a financial advisor you can trust. Four out of five of my financial advisors were disasters.
6. Buy the best house you can afford in a neighbourhood you adore. Stay there.
7. Years before you retire, develop long standing interests. Kids move away. Spouses pass away. Keep something special to yourself.
My points: She has 7 good ones.
I would add the following
1. Try to fall in love with a spouse that also has a stable and rising curve career. A pension should be part of this.
2. Defined Benefit Pension? Great but try to find one these days.
3. Financial Advisor you can trust: As she explains not an easy search. Think in terms of a very good broker who has access to many securities
4. Get a very good life insurance agent. This is also not an easy search.
5. Finding a stable job is NOT EASY..
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This entry was posted on January 30, 2014 at 1:41-05:0001 and is filed under Business Applications, Estate Planning, Financial Commentary, Life Insurance Related, Tim Bits! .....And Philosophy?, Wealth Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.