RRSP or Mortgage

This seems like an eternal question especially in North America where home ownership is sense of pride or American Dream/Canadian Dream. Should I pay off my mortgage first before I contribute to RRSP? It seems that there are different schools of thoughts on this. Some might want to focus on paying off mortgage first beforeContinue reading “RRSP or Mortgage”

How much is enough to retire?

The most common answer is the famous 4% rule. See here for its pros, cons and limitations. First, estimate your retirement annual expense. Ideally you would pay off your mortgage. You might want to travel more and spend more time and money on your hobbies. Based on this, you adjust your current expense for retirement.Continue reading “How much is enough to retire?”